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CLNE News
CLNE Events
Clay Corbus: Q2 Revenue Reaches $106.4 Million
Reports Q2 revenue $106.4M, consensus $104.72M. Commentary by Clay Corbus, President and Chief Executive Officer: "Our second quarter results demonstrate continued solid execution across the business. Fuel volumes, including both RNG and conventional natural gas, increased year over year, reflecting ongoing customer investment in and demand for cleaner, lower-carbon fuel. This has been especially true in today's volatile fuel environment. Having a clean, domestically produced fuel is one of the reasons that we remain on plan through the first half of the year, along with great execution by our team. With $138.0 million in cash and investments at quarter end, we remain focused on serving our fleet customers and expanding the role of domestically supplied RNG as a practical, low-carbon fuel for a variety of applications in this rapidly evolving energy market."
Clean Energy Signs New Fueling Agreements in Western Canada
Clean Energy has announced a series of new fueling and maintenance agreements across Western Canada as fleets continue to turn to natural gas. Through its partnership with Tourmaline, the company has also recently added stations in Grande Prairie and Chilliwack. These new agreements come after the rollout of Cummins' 15-litre X15N engine, which has opened the door for more long-range, heavy-duty operators to make the switch. The fleets span refuse, freight, logistics and oilfield services sectors and will add dozens of natural gas trucks to roads throughout British Columbia and Alberta.
Clean Energy Appoints Bart Frabotta as COO
Clean Energy appointed Bart Frabotta as COO. Frabotta will oversee Clean Energy's operations division and will also become one of the company's named executive officers. Frabotta joined Clean Energy in 2010 and has served as Group Vice President of Operations since 2021. He has over 20 years of leadership experience in energy infrastructure, construction, operations, technology, and industrial services.
Clean Energy Secures Two LNG Contracts in Puerto Rico
Clean Energy has been awarded two separate contracts to design and install liquefied natural gas, or LNG, fueling systems for gas-to-power applications in Puerto Rico, signed with P.R. Energy Partners and a global healthcare supplier. Under the agreement with the healthcare products supplier, Clean Energy will provide LNG station equipment and installation to support its local pharmaceutical manufacturing operations. Clean Energy has also entered into an agreement with P.R. Energy Partners, a Puerto Rican end-to-end energy solutions distributer and infrastructure developer. For this project, Clean Energy will design and build an LNG supply station that will fuel a six-megawatt combined heat and power plant supporting their luxury residential and hotel operations in Puerto Rico. These agreements mark Clean Energy's first LNG supply infrastructure deals in Puerto Rico, together fueling 10 MW of total installed power.
Clean Energy Fuels Completes Eighth RNG Facility in Idaho
Clean Energy Fuels has announced it has completed its eighth dairy renewable natural gas production facility in Jerome, Idaho - one of the largest single-site dairies and RNG facilities in North America. East Valley Cattle has now begun producing and injecting negative carbon-intensity RNG into the interstate pipeline which will be used as clean fuel for transportation fleets across the country.
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