In a clear indication of increased natural gas vehicle activity in the United States, Clean Energy Fuels Corp., provider of natural gas fuel for transportation, reported the company delivered 14% more fuel in Q1 2013 compared to Q1 2012, up to 49.9 million gallons from 43.7 million gallons. The Company defines “gallons delivered” as its compressed natural gas (CNG), liquefied natural gas (LNG), renewable natural gas (RNG) and the gallons associated with providing operations and maintenance services delivered to its customers during the period.
Andrew J. Littlefair, Clean Energy’s President and Chief Executive Officer, stated “Significant progress has taken place over the last few months in long-haul trucking’s transition to natural gas. The new 12-liter natural gas engines are being delivered to the truck manufacturers, shippers are requesting that their contract carriers make the switch to natural gas, and some of the biggest companies in America, like UPS, are announcing large orders of new natural gas trucks. With the initial stations of our ‘America’s Natural Gas Highway’ in place, we are now ready to start realizing the benefits of this investment.”
Clean Energy’s revenue for the quarter ended March 31, 2013 was $93.0 million, up from $73.6 million for the first quarter of 2012.
(Source: Clean Energy)