Seal Beach, CA-based Clean Energy Fuels Corp. officials see a transition by the airport industry and allied services away from diesel to natural gas as their transportation fuel of choice. That was reiterated Thursday as the Boone Pickens-bankrolled gas transportation fueling firm announced a deal with The Hertz Corp. at Los Angeles International Airport (LAX).
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Clean Energy Expands Natgas Transport Offerings
Seal Beach, CA-based Clean Energy Fuels Corp. has made two deals to expand its market reach nationally, entering a securities purchase agreement to acquire fueling technology provider Wyoming Northstar Inc. for $10.9 million in cash, and through a subsidiary inking an agreement with a New Jersey-based alternative fuel vehicle manufacturer, Clean Vehicle Solutions LLC, to provide compressed natural gas (CNG) systems for the small vehicle makers’ products.
Clean Energy Buys LNG Fueling Technology Firm
Seal Beach, CA-based Clean Energy Fuels Corp. announced Wednesday that it has entered a securities purchase agreement to acquire fueling technology provider Wyoming Northstar Inc. for $10.9 million in cash.
California Firm Strikes CNG Fueling Deal
A subsidiary of Seal Beach, CA-based Clean Energy Fuels Corp. recently inked a deal with a New Jersey-based alternative fuel vehicle manufacturer, Clean Vehicle Solutions LLC, to provide compressed natural gas (CNG) systems for the small vehicle makers’ products.
Gas Transportation Fuel Firm Makes $125M Acquisition
Seal Beach, CA-based Clean Energy Fuels Corp. and privately held IMW Industries Ltd. announced Wednesday they have signed a definitive agreement for Clean Energy to acquire IMW for $125 million, plus a cash earn-out arrangement. IMW makes fueling compressors and related equipment used in stations developed by Clean Energy and its clients.
Industry Brief
Seal Beach, CA-based Clean Energy Fuels Corp. announced that it has signed a 10-year contract with the Los Angeles County Metropolitan Transit Authority to upgrade, operate and maintain the transit unit’s compressed natural gas (CNG) fueling stations. The county has the largest clean-air bus fleet in the nation, with CNG-powered buses representing about 95% of the fleet. Clean Energy said that during the next 12 months it will rework and upgrade the CNG station compressor equipment at stations in the transit authority’s Central and South Bay divisions, where the fuel requirement is expected to be about nine million gallons annually. The county transit unit obtained federal stimulus package funding last year for the CNG station upgrade. Across America Clean Energy is partnering with many major public transit agencies, fueling more than 5,000 clean-air buses, about half of which are in the Los Angeles County fleet.
Clean Energy Signs CNG Deal with SuperShuttle
Seal Beach, CA-based Clean Energy Fuels Corp. announced Monday it has signed a five-year contract with SuperShuttle International to provide it with compressed natural gas (CNG) for its vehicles at major airports throughout the United States. SuperShuttle has been operating with natural gas-powered shared-ride vehicles since 1995.
AT&T, Clean Energy Agree on CNG Fueling Deal
Seal Beach, CA-based Clean Energy Fuels Corp. said Wednesday it has contracted with AT&T to build, operate and supply compressed natural gas (CNG) for the communication giant’s plan to deploy up to 8,000 CNG-powered fleet vehicles.
AT&T, Clean Energy Agree on CNG Fueling Deal
Seal Beach, CA-based Clean Energy Fuels Corp. said Wednesday it has contracted with AT&T to build, operate and supply compressed natural gas (CNG) for the communication giant’s plan to deploy up to 8,000 CNG-powered fleet vehicles.
SoCal to Get LNG Fueling Network, Firm Says
Seal Beach, CA-based Clean Energy Fuels Corp. said Tuesday it plans to build LNG refueling stations throughout the region following the main trucking corridors between Los Angeles, San Diego and the points to the east in the Inland Empire of Riverside and San Bernardino counties. A backbone of hub LNG stations is envisioned, the company said.