Jacksonville Transportation Authority Inks $8.1 Million Deal with Clean Energy
Clean Energy Fuels Corp., (NASDAQ: CLNE) has announced it will design, build and operate a compressed natural gas (CNG) fueling station for the Jacksonville Transportation Authority (JTA).
The deal, valued at $8.1 million, will also include facility modifications to accommodate the conversion of JTA’s buses from diesel to CNG. Clean Energy also reported 5,510 additional natural gas vehicles began fueling throughout Clean Energy’s nationwide network year-to-date in 2014 which is a 23% increase in vehicles fueling compared to the same period in 2013.
Additional agreements representative of Clean Energy’s growing portfolio of natural gas fueling customers were also announced.
To support JTA’s fleet conversion to cleaner-burning natural gas buses, Clean Energy will design, build and maintain a CNG station to support JTA’s conversion of 100 buses from diesel to CNG. Construction is scheduled to be completed in late 2015.
Once fully-deployed, this fleet is forecasted to consume approximately 1 million DGEs of CNG annually which represents a greenhouse gas reduction of approximately 2,318 metric tons. JTA anticipates saving approximately $5.7 million over the life of the agreement by switching to natural gas fuel.
Category: CNG, Fuel and Oil
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