SEAL BEACH, Calif.--(Business Wire)--
Yellow Cab Cooperative, San Francisco`s largest taxicab operator, has awarded
Clean Energy Fuels Corp. (Nasdaq:CLNE) a 10-year contract to supply compressed
natural gas (CNG) fuel, and provide operations and maintenance for a newly
expanded Clean Energy CNG station located south of the City center at 1200
Mississippi St. In addition to serving Yellow Cab`s growing CNG fleet, the
station is now open for full public use, 24/7. It joins the growing network of
eight public Clean Energy fueling stations located in the San Francisco Bay
area.
James Harger, Clean Energy Senior Vice President, said, "We are pleased to
continue our long-term fuel supply and station operation relationship with
Yellow Cab Cooperative, which has now been extended through 2018. Yellow Cab
Co-Op is a clear leader in promoting the use of natural gas fuel. We look
forward to the continuing addition of more CNG cabs to its already sizeable
100-cab CNG fleet, which will enhance both the health and environmental benefits
for all San Francisco Bay Area citizens."
Yellow Cab Co-Op`s taxis currently use more than 350,000 gallons of CNG fuel
annually. Most cabs return for fill-ups twice a day, and the new Clean Energy
CNG station is equipped to dispense 1,000 gallons of fuel per hour - the largest
U.S. CNG taxi station of its kind.
Hal Mellegard, Yellow Cab Cooperative`s General Manager, said, "Our CNG taxis
provide good benefits, including lower-cost fuel and access to the HOV/carpool
lanes on local freeways, which the clean, green performance allows. The newly
increased capacity of the Mississippi Street Clean Energy station and the
several other CNG stations in the area will provide the support we need as we
accelerate our program of replacing gasoline-powered taxis with a combination of
cleaner burning hybrids and CNG models."
Clean Energy (Nasdaq:CLNE) is the leading provider of natural gas (CNG and LNG)
for transportation in North America. It has a broad customer base in the refuse,
transit, ports, shuttle, taxi, trucking, airport and municipal fleet markets,
fueling more than 14,000 vehicles daily at over 170 strategic locations across
the United States and Canada. Clean Energy owns and operates two LNG production
plants, one in Willis, TX and one in Boron, CA, with combined capacity of
260,000 LNG gallons per day and designed to expand to 340,000 LNG gallons per
day as demand increases. It also owns and operates a landfill gas facility in
Dallas, TX that produces renewable methane gas or biogas for delivery in the
nation`s gas pipeline network. Please visit 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 growth of the Yellow Cab CNG taxi
fleet and fuel consumption. Actual results and the timing of events could differ
materially from those anticipated in these forward-looking statements as a
result of several factors including the availability of CNG vehicles and demand
for taxi services in the Bay Area. 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.
For Clean Energy Fuels Corp.
News Media
Bruce Russell, 310-559-4955 x101
brussell@cleanenergyfuels.com
or
Investors
Ina McGuinness, 310-954-1100
Copyright Business Wire 2008
