Atlantic City Jitney Association Contracts with Clean Energy to Build & Operate CNG Fueling Station to Support Deployment of 190 New CNG Jitney Buses
Seal Beach, Calif. (Jan. 12, 2011) — The Atlantic City Jitney Association (ACJA), providers of shuttle service to local residents and millions of visitors since 1915, has contracted with Clean Energy Fuels Corp. (Nasdaq: CLNE) to build and operate a new fast-fill compressed natural gas (CNG) fueling station in Egg Harbor Township, Atlantic County, New Jersey.
The CNG fueling facility will support ACJA’s deployment of its new fleet of 190 clean-running, 13-passenger shuttle buses.
Also available 24/7 for public access, the station is projected to open in the second half of 2011. The U.S. Department of Energy, under the American Recovery and Reinvestment Act of 2009 federal stimulus program, awarded ACJA a $5.5 million grant to cover the incremental cost of acquiring the new CNG vehicles.
ACJA President Tom Woodruff said, “Ours is the longest running non-subsidized transit company in America and we are committed to switching our entire fleet to 100% natural gas power.” He added, “Like any transportation company, our biggest expenditures are for vehicle fuel, maintenance and replacement. CNG fuel prices are consistently lower than gasoline or diesel, and CNG extends vehicle life because it causes less engine wear and tear. Add the fact that clean-burning CNG is better for the environment, and the choice was obvious.”
James Harger, Clean Energy’s Chief Marketing Officer, commented, “Every day across America, Clean Energy is partnering with public transit providers to fuel over 5,000 natural gas buses, as well as, helping them implement and expand their cost-effective, clean-fuel programs. We are delighted to have the opportunity to support the Atlantic City Jitney Association as they implement this important, exemplary fleet transition effort.”
Costing less per gallon than diesel or gasoline, natural gas fuel produces up to 30%- lower greenhouse gas emissions in light-duty vehicles and 23% lower emissions in medium to heavy-duty vehicle applications.
About Clean Energy Fuels — Clean Energy (Nasdaq: CLNE) is the largest provider of natural gas fuel for transportation in North America and a global leader in the expanding natural gas vehicle market. It has operations in CNG and LNG vehicle fueling, construction and operation of CNG and LNG fueling stations, biomethane production, vehicle conversion and compressor technology.
Clean Energy fuels over 19,900 vehicles at 211 strategic locations across the United States and Canada with a broad customer base in the refuse, transit, trucking, shuttle, taxi, airport and municipal fleet markets. It owns (70%) and operates a landfill gas facility in Dallas, Texas, that produces renewable methane gas, or biomethane, for delivery in the nation’s gas pipeline network. It owns and operates LNG production plants in Willis, Texas and Boron, Calif. with combined capacity of 260,000 LNG gallons per day and that are designed to expand to 340,000 LNG gallons per day as demand increases. Northstar, a wholly owned subsidiary, is the recognized leader in LNG/LCNG (liquefied to compressed natural gas) fueling system technologies and station construction and operations. BAF Technologies, Inc., a wholly owned subsidiary, is a leading provider of natural gas vehicle systems and conversions for taxis, limousines, vans, pick-up trucks and shuttle buses. IMW Industries, Ltd., a wholly owned subsidiary based in Canada, is a leading supplier of compressed natural gas equipment for vehicle fueling and industrial applications with more than 1,000 installations in 24 countries. www.cleanenergyfuels.com
Forward Looking Statements — This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including statements about the anticipated completion date of the ACJA CNG fueling station, fuel consumption at the station, the procurement and deployment of CNG vehicles by ACJA and the cost per gallon of CNG. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of unanticipated delays in the construction of the ACJA CNG fueling station, the availability, performance and use of CNG vehicles by ACJA or other potential customers in the area and a fluctuation in the price per gallon of CNG, diesel or gasoline. The forward-looking statements made herein speak only as of the date of this press release and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
