Clean Energy Fuels Corp. (WIQ)

Overview

Clean Energy Fuels Corp. is at the forefront of the movement towards cleaner, alternative fuel sources, specifically focusing on natural gas for vehicle fleets primarily in the United States and Canada. Since its inception in 2001, with a base in Newport Beach, California, the company has made significant strides in promoting the use of renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles. In addition to supplying these cleaner fuel alternatives, Clean Energy Fuels Corp. extends its offerings to include comprehensive operation and maintenance services for both public and private vehicle fleet customer stations. The company's dedication to sustainability is further underscored by its involvement in projects aimed at developing, owning, and operating RNG productions from dairy and other livestock waste, marking its commitment not just to environmental preservation but also to innovative energy solutions.

Products and Services

• Renewable Natural Gas (RNG), Compressed Natural Gas (CNG), and Liquefied Natural Gas (LNG)

  These fuels represent Clean Energy's core product line aimed at reducing emissions for medium and heavy-duty vehicles. Each fuel type offers an eco-friendlier alternative to traditional diesel, with RNG further minimizing the carbon footprint by utilizing methane from organic waste.

• Fueling Station Operations and Maintenance

  Clean Energy Fuels Corp. not only provides RNG, CNG, and LNG but also offers comprehensive operation and maintenance services for fueling stations. This ensures that vehicle fleet customer stations, whether public or private, operate efficiently and reliably.

• Station Design, Construction, and Maintenance Services

  The company takes a hands-on approach by designing, building, operating, and maintaining vehicle fueling stations. This encompasses selling and servicing essential equipment used in both RNG production and the operation of fueling stations, thus providing an end-to-end solution for clients.

• Virtual Natural Gas Pipelines and Interconnects

  Through this service, Clean Energy Fuels Corp. expands its reach by transporting and selling CNG, RNG, and LNG. This "virtual pipeline" facilitates the delivery of natural gas to areas lacking physical pipeline access, broadening the availability of cleaner fuel options.

• Government Credits and Incentives

  Capitalizing on various federal, state, and local government incentives, such as Renewable Identification Numbers (RINs) and Low Carbon Fuel Standard (LCFS) credits, Clean Energy Fuels engages in selling these credits and also aids in obtaining them. This not only bolsters the company’s sustainability efforts but also encourages wider adoption of cleaner fuels by making them more economically viable.

• Dairy and Other Livestock Waste RNG Projects

  In its pursuit of innovative energy solutions, Clean Energy is focused on developing, owning, and operating projects that produce RNG from dairy and other livestock waste. This initiative is pivotal in promoting sustainable energy while also addressing the environmental impacts of agricultural waste.