Welcome to our dedicated page for Clean Energy Fuels news (Ticker: CLNE), a resource for investors and traders seeking the latest updates and insights on Clean Energy Fuels stock.
Clean Energy Fuels Corp. reports developments in renewable natural gas (RNG) supply, fueling infrastructure, and transportation-fleet adoption. The company develops and delivers RNG derived from captured methane from organic waste, supplies compressed and liquefied natural gas for transportation markets in the United States and Canada, and operates fueling stations serving fleets in trucking, refuse, transit, municipal, airport, and heavy-duty applications.
Recurring updates cover quarterly operating results and RNG gallons sold, RIN and LCFS credit revenue, station construction, new fueling locations on freight corridors, fleet supply agreements, dairy RNG production facilities such as South Fork Dairy, and governance changes.
Clean Energy Fuels Corp. (CLNE) has secured a significant agreement with the Los Angeles County Metropolitan Transportation Authority (Metro) to supply an estimated 47.5 million gallons of renewable natural gas (RNG) for its transit bus fleet. This deal marks the conclusion of Metro's five-year initiative to transition from diesel to cleaner fuels, with 2,400 buses now using RNG. The contract spans five years with an option to extend for three more, enhancing Metro's commitment to a carbon-neutral future by 2030 and net zero by 2050.
Clean Energy Fuels Corp. (Nasdaq:CLNE) will release its fourth-quarter 2020 financial results on March 9, 2021, after market close. An investor conference call will follow at 4:30 p.m. ET, hosted by CEO Andrew J. Littlefair and CFO Robert M. Vreeland. Investors can participate via phone or through a live webcast on the company's Investor Relations page. Clean Energy Fuels is a leading provider of renewable natural gas, aiming to reduce greenhouse gas emissions from transportation significantly through its network of 550 fueling stations across North America.
Clean Energy Fuels Corp. (CLNE) celebrates the U.S. Congress's approval of an alternative fuel tax credit aimed at promoting renewable natural gas (RNG) through 2021. This legislation includes a $0.50 per gallon fuel credit for RNG used in transportation and a 30% investment tax credit for alternative vehicle refueling property. President Trump is expected to sign the bill soon. RNG, derived from organic waste, significantly reduces carbon emissions, making it a preferred choice for major fleets like UPS and LA Metro. The company operates around 540 fueling stations across North America.
Clean Energy Fuels Corp. (Nasdaq: CLNE) has entered into a partnership with BP Products North America Inc. to develop renewable natural gas (RNG) facilities at agricultural sites. This collaboration aims to produce carbon-negative RNG, significantly reducing emissions compared to traditional fuels. The California Air Resources Board rates these projects with a CI Score of -250. Clean Energy is the leading RNG provider in North America, with plans to deliver 100% Redeem™ RNG by 2025. The company is responding to increasing demand from heavy-duty fleets, enhancing its infrastructure and sustainability efforts.
Clean Energy Fuels Corp. (Nasdaq: CLNE) and its largest shareholder, Total S.E., have announced a memorandum of understanding to form a 50/50 joint venture aimed at developing carbon-negative renewable natural gas (RNG) production facilities in the U.S. Total will invest $50 million, while Clean Energy will contribute $30 million. Additionally, Total will provide $65 million in credit support for Clean Energy's RNG development. The partnership builds on their existing collaboration in the heavy-duty truck market, addressing the rising demand for clean fuels and supporting initiatives to combat climate change.
Clean Energy Fuels Corp. (NASDAQ: CLNE) has secured new contracts for over 58 million gallons of Redeem renewable natural gas (RNG), targeting demand from sectors like heavy-duty trucking and public transit. Key contracts include a multi-year deal with Waste Connections for 8 million gallons and another with Food Express for 4.7 million gallons to support 60 RNG trucks. Clean Energy aims to meet increasing customer needs for sustainable fuel, which reduces greenhouse gas emissions by at least 70%. The company's growth reflects a commitment to sustainable transportation amid ongoing challenges.
Clean Energy Fuels Corp. (Nasdaq:CLNE) will announce its third quarter 2020 financial results on November 5, 2020, post-market close. A conference call is scheduled for 4:30 p.m. Eastern time, featuring CEO Andrew J. Littlefair and CFO Robert M. Vreeland. Investors can join via a dedicated phone line or access a live webcast on the company's website, available for replay for 30 days. Clean Energy promotes renewable natural gas (RNG) to reduce greenhouse gas emissions significantly across its fueling stations in North America.