Clean Energy Fuels has announced a new agreement with the Metropolitan Transit Authority of Harris County, the region’s largest public transport provider, to build the agency’s first private compressed natural gas fueling station. The new state-of-the-art facility will be the first of its kind and will exclusively serve up to 120 of METRO’s newest natural gas-powered transit buses operating busy routes throughout Houston and beyond. Under the new agreement, Clean Energy will design and build the new station, upgrade the current site’s bays, and provide operations and maintenance services for the station that is expected to consume 2M gallons of CNG annually, when it is completed and fully operational. The new station is set to play a crucial role in METRO’s efforts to reduce nitrogen oxide and carbon emissions by helping the agency meet its commitment of running fleet vehicles on zero emissions fuels by 2030. By transitioning to CNG, the transit fleet will be able to achieve a 90% reduction in NOx and tailpipe emissions, contributing to cleaner air in areas where the buses operate.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLNE:
- Clean Energy affirms FY24 adjusted EBITDA view $62M-$72M vs. $43.6M in FY23
- Clean Energy reports Q2 EPS 1c, consensus (3c)
- Clean Energy’s RNG production facility at Minnesota dairy goes online
- CLNE Earnings this Week: How Will it Perform?
- Clean Energy opens clean-fuel RNG station in Davenport, Florida