CLNE News & Events

Clean Energy appointed Bart Frabotta as COO. Frabotta will oversee Clean Energy's operations division and will also become one of the company's named executive officers. Frabotta joined Clean Energy in 2010 and has served as Group Vice President of Operations since 2021. He has over 20 years of leadership experience in energy infrastructure, construction, operations, technology, and industrial services.

Clean Energy has been awarded two separate contracts to design and install liquefied natural gas, or LNG, fueling systems for gas-to-power applications in Puerto Rico, signed with P.R. Energy Partners and a global healthcare supplier. Under the agreement with the healthcare products supplier, Clean Energy will provide LNG station equipment and installation to support its local pharmaceutical manufacturing operations. Clean Energy has also entered into an agreement with P.R. Energy Partners, a Puerto Rican end-to-end energy solutions distributer and infrastructure developer. For this project, Clean Energy will design and build an LNG supply station that will fuel a six-megawatt combined heat and power plant supporting their luxury residential and hotel operations in Puerto Rico. These agreements mark Clean Energy's first LNG supply infrastructure deals in Puerto Rico, together fueling 10 MW of total installed power.

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.

Reports Q1 revenue $117.56M, consensus $97.85M. "It was great to see our RNG volumes continue at a steady pace and rebound from last year. There is always extreme winter weather that can impact RNG production at dairies, and this year was no different - particularly in the upper Midwest - but we see a lot of progress being made with refinements to operating procedures to continually improve dairy RNG production. We've seen it with our dairies and see great efforts across the industry to keep the RNG volumes up and flowing. We are doing our part, with our most recent projects such as the East Valley project, in Idaho, and the South Fork project, in Texas, ramping up production. Additionally, at the end of the quarter the conflict in Iran and the resulting higher oil prices has driven up the price of diesel. Fleets are taking note of our much less volatile transportation fuel. Our results reflect some of these tailwinds of elevated oil and diesel prices, particularly in our revenues, compared to a relatively stable natural gas commodity market. We were very pleased with our first quarter results and feel good about our position in the geopolitical environment as it relates to offering a domestically supplied, low-cost sustainable transportation fuel that is available today."