Friday, April 11, 2014 1:42:08 PM
Despite the slower-than-expected adoption of natural gas by truckers, the company has grown revenue more than 20% since 2011, and is in the driver's seat with more than 500 CNG and LNG refueling stations. While it's easy to think that this is a tiny number -- after all, there are more than 100,000 gas stations in the U.S. -- the market Clean Energy is targeting is different.
There are only around 6,000 diesel depots that refuel the big trucks, and these are almost 100% owned and operated by independent companies, and not "big oil." Better yet? Clean Energy is partnered with the largest, Pilot/Flying J, which is about twice the size of numbers two and three, TravelCenters of America and Love's.
Here's the best part: The Cummins Westport ISX12 G heavy duty natural gas engine will ship around 10,000 units in 2014. With an average consumption of almost 20,000 gallons annually, that's 200 million gallons of new demand. Clean Energy's total fuel deliveries in 2013? 214 million gallons. That's a massive growth opportunity on the horizon.
Recent CLNE News
- Clean Energy Announces First Injection of Renewable Natural Gas at Victory Farms Dairy • Business Wire • 04/23/2024 10:30:00 AM
- Clean Energy to Report First Quarter 2024 Financial Results on May 9; Conference Call to Follow at 1:30 p.m. Pacific Time • Business Wire • 04/12/2024 12:00:00 PM
- Clean Energy Appoints Patrick J. Ford to Board of Directors • Business Wire • 03/28/2024 10:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 11:53:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 11:51:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 11:50:25 PM
- Clean Energy Reports Revenue of $106.9 Million and 57.0 Million RNG Gallons Sold for the Fourth Quarter of 2023 • Business Wire • 02/27/2024 09:05:00 PM
- Clean Energy Turns DFW Area into a Renewable Natural Gas Hub • Business Wire • 02/26/2024 11:30:00 AM
- Clean Energy’s Renewable Natural Gas Facility at Marshall Ridge Dairy in Iowa Begins Production • Business Wire • 02/14/2024 11:30:00 AM
- Clean Energy’s Renewable Natural Gas Digester at Tri-Cross Dairy Begins Production • Business Wire • 02/08/2024 11:30:00 AM
- Clean Energy to Report Fourth Quarter 2023 Financial Results on February 27; Conference Call to Follow at 1:30 p.m. Pacific Time • Business Wire • 01/29/2024 01:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 09:56:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 08:47:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 08:41:21 PM
- Clean Energy Begins Producing Renewable Natural Gas at Latest Project • Business Wire • 01/11/2024 11:30:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 11:35:17 AM
- Clean Energy Announces Up to $400 Million in Financing with Stonepeak to Continue Expansion of Renewable Natural Gas Infrastructure • Business Wire • 12/13/2023 11:30:00 AM
- Clean Energy Opens Renewable Natural Gas Fueling Station in Baltimore • Business Wire • 11/21/2023 11:30:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:16:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/09/2023 09:10:30 PM
- Clean Energy Reports Revenue of $95.6 Million and 56.7 Million RNG Gallons Sold for the Third Quarter of 2023 • Business Wire • 11/09/2023 09:05:00 PM
- Clean Energy’s First Renewable Natural Gas Facility Begins to Sell Environmental Credits • Business Wire • 10/31/2023 10:30:00 AM
- Food Express Welcomes Truck Equipped with the New Cummins 15-Liter Natural Gas Engine into Fleet • Business Wire • 10/17/2023 10:30:00 AM
- Clean Energy to Report Third Quarter 2023 Financial Results on November 9; Conference Call to Follow at 1:30 p.m. Pacific Time • Business Wire • 10/16/2023 12:30:00 PM
- Clean Energy Shares Up 8.2% on Raymond James's Second Upgrade in Six Months • Dow Jones News • 10/03/2023 04:31:00 PM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
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