Clean Energy Fuels Corp Stock Price, News & Analysis

Clean Energy Fuels Corp. (NASDAQ: CLNE) has initiated construction of a renewable natural gas (RNG) production facility at South Fork Dairy in Dimmitt, Texas. This development, set to cost about $85 million, is expected to complete by 2025. The facility, which hosts a 16,000-cow herd, will produce roughly 2.6 million gallons of RNG annually. The RNG produced will be distributed through Clean Energy's national station network. RNG, derived from organic waste, has a negative carbon-intensity score and can reduce greenhouse gas emissions by an average of 300% compared to diesel. The project aligns with efforts to monetize manure waste and reduce environmental footprints, potentially serving as a model for other dairies.

Clean Energy Fuels Corp. (Nasdaq: CLNE) has announced its schedule for releasing second quarter 2024 financial results. The company will disclose its financial performance on August 7, 2024, after the market closes. Following this, an investor conference call will be held at 4:30 p.m. Eastern time (1:30 p.m. Pacific time).

The call will be hosted by Clean Energy's President and CEO Andrew J. Littlefair and CFO Robert M. Vreeland. Investors can participate by dialing specific numbers for U.S. and international callers. A replay of the call will be available until September 7, 2024. Additionally, a live webcast will be accessible on the company's website, with a 30-day replay option.

Clean Energy Fuels Corp. (NASDAQ: CLNE) has inaugurated a new renewable natural gas (RNG) station in Carney’s Point, New Jersey, aimed at serving heavy-duty truck fleets. Located strategically between Philadelphia and Wilmington, DE, near Interstate 295 and the New Jersey Turnpike, the station is part of Clean Energy's extensive network of over 600 fueling stations across North America. The facility, situated on five acres, features two fast-fill dispenser lanes, facilitating quick refueling. This launch aligns with the introduction of the Cummins X15N, a 15-liter natural gas engine being employed by major fleets like Walmart and UPS. The station supports Clean Energy's mission to decarbonize the transportation sector, providing a cleaner fuel alternative with RNG derived from organic waste, which has a negative carbon-intensity score by the California Air Resources Board. Clean Energy also highlights its investments in RNG production at dairy farms to reduce greenhouse gas emissions significantly.

Clean Energy Fuels Corp. (NASDAQ: CLNE) has announced multiple new agreements with various municipalities in the U.S. to provide renewable natural gas (RNG) and associated services. This encompasses contracts with cities like Fort Collins, Beverly Hills, Arcadia, Long Beach, Bakersfield, Tacoma, and many more. These deals highlight a growing demand for sustainable, low-carbon transportation solutions and cover the supply of millions of gallons of RNG annually. The agreements will help these cities meet their environmental and fiscal goals by significantly reducing carbon emissions and promoting sustainability.

Clean Energy Fuels (NASDAQ: CLNE) has completed the construction of a third production train at its Boron, California LNG plant, increasing its capacity by 50% to produce up to 270,000 gallons of LNG daily.

This expansion meets the rising demand for cleaner fuel, driven by customers like Pasha Hawaii, which now operates three LNG-powered container ships. These ships have significantly reduced emissions, surpassing International Maritime Organization's 2030 standards and achieving substantial reductions in sulfur, nitrogen oxide, and carbon dioxide emissions.

The expansion will enable other customers to decarbonize their operations, improving air quality around ports.

Clean Energy Fuels (NASDAQ: CLNE) announced the opening of two new renewable natural gas (RNG) fueling stations in San Bernardino and Perris, California.

Strategically located near major transportation hubs, these stations aim to support heavy-duty trucks and other fleet vehicles in reducing carbon emissions. The new facilities coincide with the launch of Cummins' X15N engine, a 15-liter engine powered by RNG that has received positive feedback from major fleets like UPS and Walmart. The X15N can reduce carbon emissions by over 300% and NOx emissions by 90% compared to diesel engines.

Clean Energy now operates over 600 RNG stations across the U.S. and Canada, and is investing heavily in RNG production from dairy farms to ensure a steady supply of low-carbon fuel. RNG is touted for its ability to significantly lower greenhouse gas emissions.

Cemex has signed a renewable natural gas (RNG) fuel agreement with Clean Energy Fuels Corp. (NASDAQ: CLNE) to power 39 of its ready-mix and cement bulk trucks in Southern California. This partnership will provide roughly 300,000 gallons of RNG annually, significantly reducing greenhouse gas emissions by approximately 8,822 metric tons of CO2e each year. Clean Energy will also build and manage a new private fueling station for Cemex in Rialto, CA, expected to be operational by year-end. This initiative supports Cemex's Future in Action program, aiming for net-zero CO2 emissions by 2050.

The U.S. Senate introduced Bill S. 4389, providing a $1.00 per gallon tax credit for using renewable natural gas (RNG) as a transportation fuel. This bill, backed by Senators Mark Warner and Thom Tillis, follows a similar House bill by Representatives Linda Sanchez and Brian Fitzpatrick. Clean Energy Fuels Corp. (NASDAQ: CLNE) CEO Andrew J. Littlefair supports the bill, highlighting RNG's growing acceptance in heavy-duty vehicle fleets and its potential to significantly reduce greenhouse gas emissions. RNG production benefits the agricultural industry, particularly dairies, and creates rural jobs. The bill seeks to further boost RNG's adoption, leveraging existing RNG infrastructure and new RNG-compatible engines from Cummins.

Clean Energy Fuels and Maas Energy Works have announced a joint venture to build nine renewable natural gas (RNG) production facilities at dairy farms across seven states, including Colorado, South Dakota, Georgia, Florida, Iowa, Nebraska, and New Mexico. This project aims to handle manure from around 35,000 cows, preventing methane emissions from being released into the atmosphere.

Each of these nine projects will undergo diligence before construction, with completion expected by 2026. These facilities are anticipated to produce up to 4 million gallons of RNG annually, which will be distributed through Clean Energy's network. The facilities will use lagoon cover digesters to capture methane more cost-effectively compared to traditional tank digesters.

Financed by Clean Energy, the total projected cost is approximately $130 million. The joint venture leverages Maas Energy Works' expertise in RNG development and Clean Energy's distribution network to supply clean fuel to transportation fleets, helping them achieve sustainability goals.