Clean Energy (CLNE) has announced a series of new deals as it continues to meet the growing customer demand for renewable natural gas – RNG -, with new fueling contracts, construction of additional fueling infrastructure, and operations and maintenance contracts. Highlights of these contracts follow. Clean Energy has signed an RNG fueling agreement with DHL to provide 100K gallons annually over a three-year period to power DHL trucks located in California, Texas and Arizona. Food Express, has inked a station build and RNG supply deal for its fleet of 20 heavy-duty Class 8 trucks. The RNG volume for the Food Express trucks is expected to be 3 million gallons over the next ten years. LA Metro has extended its contract to continue to fuel its fleet with clean burning RNG. The agreement will provide five of LA Metro’s stations with an expected 14 million gallons of RNG. Estes Express Lines, the largest privately held freight transportation company in North America, has signed an RNG fueling agreement with Clean Energy for an estimated 450K gallons annually of RNG to be used by 40 new trucks that will fuel at Clean Energy’s station in Fort Worth, TX. Clean Energy has signed an agreement with the City of Santa Clarita, Calif., to provide operations and maintenance services at four of the city’s fueling station sites to power 100 RNG transit buses with an anticipated 12 million gallons over the next eight years. Arlington Transit in Virginia has signed an operations and maintenance agreement with Clean Energy for its transit fleet. The deal is expected to use 800,000 gallons of fuel for 78 transit buses.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CLNE:
- Clean Energy Fuels Reports Strong Q3 Growth
- Clean Energy reports Q3 EPS 0c, consensus (2c)
- CLNE Earnings this Week: How Will it Perform?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
