Clean Energy Fuels Corp. (CLNE): History, Ownership, Mission, How It Works & Makes Money

Are you looking for a company dedicated to creating a healthier planet by eliminating carbon emissions? Clean Energy Fuels Corp. (CLNE), North America's largest provider of natural gas fuel for the transportation sector, specializes in supplying compressed natural gas (CNG), liquefied natural gas (LNG), and renewable natural gas (RNG). With a mission to decarbonize transportation, Clean Energy operates a vast network of over 600 fueling stations across the U.S. and Canada and has a proven history of working towards a cleaner future, including selling 237 million gallons of Renewable Natural Gas (RNG) in 2024, marking a 5% increase from the previous year.

Clean Energy Fuels Corp. (CLNE) History

Clean Energy Fuels Corp. Founding Timeline

Year established

The company was established in 1997.

Original location

The company's original location was Seal Beach, California.

Founding team members

The founding team members included:

• T. Boone Pickens
• Andrew J. Littlefair

Initial capital/funding

The initial capital/funding was approximately $15 million from T. Boone Pickens.

Clean Energy Fuels Corp. Evolution Milestones

Clean Energy Fuels Corp. Transformative Moments

• Strategic Vision of T. Boone Pickens: The early vision and financial backing of T. Boone Pickens were critical in establishing the company and driving its initial growth.
• Focus on Renewable Natural Gas (RNG): The strategic decision to focus on RNG as a primary fuel source has positioned the company as a leader in the sustainable transportation sector. Redeem™ RNG fuel significantly reduces greenhouse gas emissions compared to traditional fossil fuels.
• Infrastructure Development: Building a widespread network of natural gas fueling stations has been essential for supporting the adoption of natural gas vehicles, providing convenient and reliable fueling options for customers.
• Partnerships and Acquisitions: Strategic partnerships, such as the investment from Total S.A., and key acquisitions, like BAF Technologies, have expanded the company's capabilities and market reach.

To understand more about the financial aspects, check out this analysis: Breaking Down Clean Energy Fuels Corp. (CLNE) Financial Health: Key Insights for Investors

Clean Energy Fuels Corp. (CLNE) Ownership Structure

Clean Energy Fuels Corp. features a mixed ownership structure, encompassing public shareholders, institutional investors, and company insiders.

Clean Energy Fuels Corp.'s Current Status

Clean Energy Fuels Corp. is a publicly traded company, meaning its shares are available for purchase by the general public on the stock market. This allows a wide range of investors to own a portion of the company. More insights about Clean Energy Fuels Corp. are available here: Breaking Down Clean Energy Fuels Corp. (CLNE) Financial Health: Key Insights for Investors

Clean Energy Fuels Corp.'s Ownership Breakdown

The ownership of Clean Energy Fuels Corp. is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. The following table provides an overview of the company’s ownership breakdown:

Clean Energy Fuels Corp.'s Leadership

Clean Energy Fuels Corp. is guided by a team of experienced leaders who steer the company's strategic direction and operational execution. As of April 2025, the leadership team includes:

• Andrew J. Littlefair: President and Chief Executive Officer
• Robert M. Marin: Chief Financial Officer

Clean Energy Fuels Corp. (CLNE) Mission and Values

Clean Energy Fuels Corp. aims to reduce greenhouse gas emissions by providing cleaner, alternative fuels for transportation. The company's core values emphasize sustainability, innovation, and customer satisfaction.

Clean Energy Fuels Corp.'s Core Purpose

Official mission statement

Clean Energy Fuels Corp.'s mission statement is: 'To fuel the drive to clean transportation, and to provide the cleanest transportation fuel solutions.'

• Providing accessible and affordable clean fuel.
• Reducing vehicle emissions.
• Offering sustainable solutions for a better environment.

Vision statement

While a specific, distinct 'vision statement' is not explicitly declared, Clean Energy Fuels Corp.'s overarching vision can be inferred from their actions and goals:

• To lead the transition to sustainable transportation solutions.
• To be the premier provider of clean fuels.
• To significantly decrease the environmental impact of transportation.

Company slogan/tagline

Clean Energy Fuels Corp. uses the tagline 'Get Moving. Be Clean.'

• This slogan encapsulates the company's dedication to promoting clean energy in the transportation sector.
• It highlights the ease of adopting cleaner fuel alternatives.
• It emphasizes the positive environmental impact of using Clean Energy's fuel solutions.

For more in-depth information, you can visit: Mission Statement, Vision, & Core Values of Clean Energy Fuels Corp. (CLNE).

Clean Energy Fuels Corp. (CLNE) How It Works

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and operates a network of fueling stations in the United States and Canada.

Clean Energy Fuels Corp.'s Product/Service Portfolio

Clean Energy Fuels Corp.'s Operational Framework

The company operates through the following key processes:

• Fuel Production and Sourcing: Securing RNG from various sources, including landfills, dairy farms, and wastewater treatment plants. They also manage the production and distribution of CNG and LNG.
• Fueling Infrastructure: Developing, owning, and operating a network of fueling stations across North America. This includes station construction, maintenance, and upgrades.
• Customer Acquisition and Retention: Targeting fleet operators to transition to natural gas vehicles by demonstrating the economic and environmental benefits. They also provide ongoing support and maintenance services.
• Regulatory Compliance: Navigating complex environmental regulations and securing necessary permits for station operations and fuel distribution.
• Partnerships and Alliances: Collaborating with vehicle manufacturers, technology providers, and industry stakeholders to promote the adoption of natural gas as a transportation fuel.

Clean Energy leverages strategic relationships with organizations committed to sustainability. For example, they have partnered with TotalEnergies to boost the production of RNG. Exploring Clean Energy Fuels Corp. (CLNE) Investor Profile: Who’s Buying and Why?

Clean Energy Fuels Corp.'s Strategic Advantages

• Extensive Fueling Network: A widespread network of fueling stations provides convenience and reliability for fleet operators.
• Focus on RNG: Emphasis on RNG differentiates them from traditional natural gas providers and aligns with growing demand for renewable fuels.
• Technological Expertise: Expertise in station design, construction, and operation ensures efficient and reliable fueling services.
• Strategic Partnerships: Alliances with key industry players enhance market reach and technological capabilities.
• Government Incentives: Taking advantage of government programs, such as LCFS credits, can help them to generate more revenue.

Clean Energy Fuels Corp. (CLNE) How It Makes Money

The company primarily generates revenue by providing renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) as alternative fuels for vehicle fleets, along with operating fueling stations and selling related services and equipment.

Clean Energy Fuels Corp.'s Revenue Breakdown

Clean Energy Fuels Corp.'s Business Economics

The company's business economics are influenced by several key factors:

• Natural Gas Prices: The cost of natural gas, particularly RNG, significantly impacts profitability. Fluctuations in natural gas prices can affect the company's margins.
• Government Regulations and Incentives: Government policies, such as tax credits, subsidies, and mandates for renewable fuels, play a crucial role in driving demand for RNG and other alternative fuels.
• Fleet Adoption Rates: The rate at which commercial fleets adopt natural gas vehicles (NGVs) affects the volume of fuel sold. This adoption is influenced by factors like fuel cost savings, environmental concerns, and the availability of fueling infrastructure.
• Infrastructure Development: Expanding the network of fueling stations is essential for supporting the growth of NGVs. Strategic investments in new stations and upgrades to existing facilities are vital.
• Operational Efficiency: Efficient management of fueling stations, supply chains, and maintenance services is critical for maintaining competitive pricing and profitability.

Clean Energy Fuels Corp.'s Financial Performance

Here are key aspects of the company's financial performance:

• In the fiscal year 2024, Clean Energy Fuels Corp. reported revenue of $493.4 million, marking a 13.4% increase compared to 2023.
• The company's gross profit for 2024 was $134.4 million, up from $104.8 million the previous year.
• Clean Energy Fuels Corp. saw a net loss of $24.1 million in 2024, which is an improvement compared to the net loss of $42.9 million in 2023.
• The company's strategic focus on renewable natural gas (RNG) has driven significant growth. RNG sales volume increased by 18.1% to 189.8 million gallons in 2024.
• As of December 31, 2024, Clean Energy Fuels Corp. had approximately $149.8 million in cash and investments, and its total debt was $26.5 million.

To gain more insights into the financial health of Clean Energy Fuels Corp., check out: Breaking Down Clean Energy Fuels Corp. (CLNE) Financial Health: Key Insights for Investors

Clean Energy Fuels Corp. (CLNE) Market Position & Future Outlook

Clean Energy Fuels Corp. is a prominent provider of renewable natural gas (RNG) for the transportation sector in the United States and Canada and is working to expand into hydrogen fuel. With a strong network of fueling stations and strategic partnerships, the company is positioned to capitalize on the increasing demand for low-carbon fuels, though it faces challenges from market volatility and regulatory uncertainties. Mission Statement, Vision, & Core Values of Clean Energy Fuels Corp. (CLNE).

Competitive Landscape

Opportunities & Challenges

Industry Position

Clean Energy Fuels Corp. holds a significant position in the renewable natural gas (RNG) market. Highlights of the company's industry position include:

• Largest RNG Provider: Clean Energy Fuels is the largest provider of RNG for the transportation market in North America.
• Extensive Fueling Network: The company operates 582 fueling stations across 43 states in the U.S. and the District of Columbia, as well as 25 stations in Canada.
• Strategic Partnerships: Clean Energy Fuels has established joint ventures with major energy companies like TotalEnergies and bp to expand its RNG production capabilities.
• RNG Sales Growth: In 2024, Clean Energy Fuels sold 236.7 million gasoline gallon equivalents (GGEs) of RNG, marking a 4.9% increase from 2023.
• Financial Performance: The company's Q4 2024 revenue reached $109.3 million, with full-year revenue of $415.9 million.

Despite a net loss of $83.1 million in 2024, Clean Energy Fuels is taking steps to manage its debt and expand its RNG infrastructure. The company plans to invest approximately $30 million in capital expenditures in 2025 for fueling stations and LNG plant costs and deploy up to $104 million for ADG RNG production facilities.