Clean Energy Fuels Completes Eighth RNG Facility in Idaho
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2026
0mins
Clean Energy Fuels has announced it has completed its eighth dairy renewable natural gas production facility in Jerome, Idaho - one of the largest single-site dairies and RNG facilities in North America. East Valley Cattle has now begun producing and injecting negative carbon-intensity RNG into the interstate pipeline which will be used as clean fuel for transportation fleets across the country.
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Analyst Views on CLNE
Wall Street analysts forecast CLNE stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.910
Low
4.00
Averages
4.00
High
4.00
Current: 1.910
Low
4.00
Averages
4.00
High
4.00
About CLNE
Clean Energy Fuels Corp. is a renewable energy company. The Company is engaged in the business of selling renewable and conventional natural gas as alternative fuels for vehicle fleets and related fueling solutions to its customers, primarily in the United States (U.S.) and Canada. Its principal business is supplying renewable natural gas (RNG) and conventional natural gas, in the form of compressed natural gas (CNG) and liquefied natural gas (LNG), for medium and heavy-duty vehicles and providing operation and maintenance (O&M) services to public and private vehicle fleets to customer stations. The Company is also focused on developing, owning, and operating dairy and other livestock waste RNG projects and supplying RNG (procured from third party sources and from its anaerobic digester gas RNG joint venture project with TotalEnergies S.E.) to its customers in the heavy and medium-duty commercial transportation sector.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Facility Launch: Clean Energy Fuels has commenced operations at its eighth dairy renewable natural gas production facility in Jerome, Idaho, injecting negative carbon-intensity RNG into the U.S. transportation fuel market, which is expected to enhance the company's competitive edge in clean fuel.
- Environmental Technology: Located at a dairy farm with over 35,000 cows, the facility features six anaerobic digesters designed to capture methane from cow manure, effectively reducing harmful emissions and aligning with environmental standards.
- Wastewater Treatment Capacity: The facility can process over 5 million gallons of manure daily using a municipality-scale wastewater treatment system and advanced manure separation technology, significantly improving processing efficiency and minimizing environmental impact.
- Regulatory Approval: The project has received full approval from the U.S. Environmental Protection Agency to generate RINs under the Renewable Fuel Standard program and from the California Air Resources Board for California Low Carbon Fuel Standard credits, further enhancing the project's market potential.
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- Facility Scale and Technology: The East Valley RNG facility in Idaho is one of North America's largest single-site dairies, housing over 35,000 cows and featuring six anaerobic digesters that process over 5 million gallons of manure daily, effectively capturing methane and reducing greenhouse gas emissions.
- Clean Fuel Production: The negative carbon-intensity RNG produced at this facility has received approval from the U.S. EPA and California Air Resources Board to generate Renewable Identification Numbers (RINs) and California Low Carbon Fuel Standard (LCFS) credits, with revenue expected to begin in Q1 2026, further driving company growth.
- Environmental Impact and Market Potential: Agriculture accounts for nearly 10% of U.S. GHG emissions and transportation for 28%; by capturing methane from farm waste and converting it to RNG, the project significantly lowers lifecycle GHG emissions, showcasing its dual value in environmental and market terms.
- Strategic Partnership and Financing: The project is financed through CE bp Renew Co, a joint venture between Clean Energy and bp, reflecting the company's strategic positioning in renewable energy and its commitment to decarbonizing transportation through sustainable fuel development.
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- Network Expansion: Clean Energy Fuels Corp. has opened six new renewable natural gas (RNG) stations along major freight routes in the U.S., enhancing its extensive network of over 600 fueling locations across North America to meet the growing demand from heavy-duty truck fleets for clean fuel.
- Strategic Locations: The new stations are strategically located in California, New Jersey, Oklahoma, Michigan, and Washington, providing easy access for heavy-duty trucks to refuel quickly, thereby supporting fleets in achieving fuel cost savings and significant emissions reductions amid high diesel prices.
- Technological Support: The opening of these stations aligns with the rollout of Cummins' X15N 15-liter natural gas engine, which offers an efficient and reliable RNG power solution for long-haul and heavy-duty fleets, helping customers meet their Scope 3 emissions targets.
- Market Opportunity: With volatile diesel prices, Clean Energy's RNG stations provide fleets with a price-stable, low-cost alternative fuel, further driving the transition to sustainable transportation and aligning with the company's mission to reduce climate-harming greenhouse gases.
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- Executive Change: Clean Energy Fuels Corp. (CLNE) has appointed Clay Corbus as the new President and CEO, effective immediately, indicating a significant leadership shift aimed at driving future growth for the company.
- Founder Transition: Andrew Littlefair, who has served as CEO for 30 years, will transition to a non-employee government relations consultant role while remaining on the board, ensuring continued influence in policy matters for the company.
- Financial Outlook: Clean Energy projects revenue between $420 million and $440 million for 2026, with adjusted EBITDA expected to be between $70 million and $75 million, highlighting the company's potential for expansion in renewable natural gas production.
- Market Reaction: Following the announcement of the new appointment, CLNE shares rose 0.8% in pre-market trading to $2.50, reflecting investor confidence in the new leadership.
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- Earnings Release Schedule: Clean Energy Fuels Corp. is set to announce its Q1 2026 financial results on May 7, 2026, after market close, highlighting the company's ongoing growth in the renewable natural gas sector.
- Investor Conference Call: CEO Andrew J. Littlefair and CFO Robert M. Vreeland will host a call at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss financial results and future outlook, aiming to enhance investor engagement.
- Participation Details: Investors can join the call by dialing 1.800.343.4849 from the U.S. or 1.203.518.9848 internationally, ensuring direct communication with management to bolster investor confidence.
- Replay and Webcast: A telephone replay will be available approximately three hours after the call until June 7, 2026, and a live webcast will be accessible on the company's website for 30 days, allowing investors who missed the live event to catch up on key information.
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- Oil Price Drop Impact: Following President Trump's suggestion that the U.S. could wind down military actions against Iran, oil prices fell approximately 2%, trading below $101 per barrel, which weakened support for the energy sector and led to declines in related stocks.
- Market Overreaction: Stocks such as Magnolia Oil & Gas, EQT, and Helmerich & Payne saw declines of 3.1%, 3.1%, and 3.2% respectively, indicating that the market may be overreacting to the news, potentially creating buying opportunities for high-quality stocks.
- Helmerich & Payne Volatility Analysis: Helmerich & Payne has experienced 23 moves greater than 5% in the past year, and while today's drop suggests market sensitivity to the news, it is not expected to fundamentally alter perceptions of the business, with shares up 15.8% year-to-date and nearing a 52-week high.
- Investment Return Overview: An investment of $1,000 in Helmerich & Payne five years ago would now be worth $1,219, demonstrating the company's long-term investment potential despite short-term market fluctuations.
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