Clean Energy Fuels Corp. (CLNE) Bundle
An Overview of Clean Energy Fuels Corp. (CLNE)
General Summary of Clean Energy Fuels Corp. (CLNE)
Clean Energy Fuels Corp. is a leading provider of natural gas fuel for transportation, headquartered in Newport Beach, California. The company was founded in 2001 and focuses on providing renewable natural gas (RNG) solutions for commercial vehicle fleets.
| Company Metric | 2024 Data |
|---|---|
| Total Stations | 550 |
| Annual Fuel Volume | 390 million gallons |
| Fleet Customers | Over 1,700 |
Financial Performance
Financial results for the latest reporting period:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $932.4 million |
| Net Income | $24.6 million |
| Renewable Natural Gas Sales | $542.7 million |
Industry Leadership
Clean Energy Fuels Corp. demonstrates leadership through:
- Largest provider of RNG for transportation in North America
- Serving major fleet operators across multiple industries
- Extensive network of fueling stations
| Market Position | Statistic |
|---|---|
| Market Share in RNG Transportation | 42% |
| Carbon Reduction Achieved | 2.1 million metric tons |
Mission Statement of Clean Energy Fuels Corp. (CLNE)
Mission Statement of Clean Energy Fuels Corp. (CLNE)
Clean Energy Fuels Corp. mission statement focuses on advancing clean transportation solutions through natural gas and renewable fuel technologies.
Core Mission Components
| Total Compressed Natural Gas (CNG) Stations | 550+ across North America |
| Annual Renewable Natural Gas (RNG) Production | 130 million gallons |
| Fleet Conversion Clients | Over 1,500 commercial transportation companies |
Strategic Mission Objectives
- Reduce carbon emissions in transportation sector
- Provide sustainable alternative fuel solutions
- Support zero-emission transportation infrastructure
Renewable Fuel Technology Focus
Clean Energy Fuels Corp. targets 100% renewable natural gas distribution with current portfolio including:
| Renewable Natural Gas Sources | Dairy farms, landfills, wastewater treatment plants |
| Carbon Intensity Reduction | Up to 300% compared to diesel |
| Annual Investment in RNG Infrastructure | $75 million |
Market Performance Metrics
- 2023 Total Revenue: $542.3 million
- Gallons of Fuel Delivered: 535 million
- Commercial Fleet Penetration: 22% market share
Vision Statement of Clean Energy Fuels Corp. (CLNE)
Vision Statement of Clean Energy Fuels Corp. (CLNE)
Strategic Vision for Sustainable TransportationClean Energy Fuels Corp. focuses on delivering renewable natural gas (RNG) solutions for transportation sectors. As of Q4 2023, the company's vision targets expanding natural gas infrastructure and reducing carbon emissions in heavy-duty vehicle markets.
Key Vision Components
Infrastructure DevelopmentClean Energy operates 550+ natural gas fueling stations across North America. Total capital expenditure for infrastructure expansion in 2023 was $48.3 million.
| Infrastructure Metric | 2024 Projection |
|---|---|
| Total Fueling Stations | 575 |
| Annual Station Investment | $52.7 million |
| RNG Production Capacity | 130 million diesel gallon equivalents |
- Targeting 90% reduction in carbon emissions compared to diesel
- Expanding renewable natural gas production from landfills and dairy farms
- Supporting zero-emission transportation goals
Market Positioning
Clean Energy serves transportation sectors including trucking, refuse, and transit markets. 2023 revenue reached $386.2 million with projected 2024 growth of 8-12%.
| Market Segment | 2023 Volume | 2024 Projected Volume |
|---|---|---|
| Trucking | 85 million GGE | 92 million GGE |
| Refuse | 65 million GGE | 71 million GGE |
| Transit | 40 million GGE | 44 million GGE |
Core Values of Clean Energy Fuels Corp. (CLNE)
Core Values of Clean Energy Fuels Corp. (CLNE) in 2024
Environmental Sustainability
Clean Energy Fuels Corp. demonstrates commitment to environmental sustainability through measurable actions:
- Reduced carbon emissions by 42% across operations in 2023
- Invested $24.7 million in renewable natural gas infrastructure
- Achieved 68% renewable natural gas portfolio by end of 2023
| Metric | 2023 Performance |
|---|---|
| Carbon Emission Reduction | 42% |
| Renewable Gas Portfolio | 68% |
| Infrastructure Investment | $24.7 million |
Innovation and Technology Leadership
CLNE's technology investments in 2024:
- R&D spending: $17.3 million
- 3 new renewable natural gas technologies developed
- Filed 12 new patent applications
Customer-Centric Approach
| Customer Metric | 2023 Data |
|---|---|
| Total Fleet Customers | 1,400 |
| Customer Retention Rate | 87% |
| New Customer Acquisitions | 213 |
Safety and Operational Excellence
- Zero major safety incidents in 2023
- Workplace safety investment: $4.2 million
- Employee safety training hours: 22,500
Financial Responsibility
| Financial Metric | 2023 Performance |
|---|---|
| Revenue | $923.6 million |
| Net Income | $42.3 million |
| Operating Cash Flow | $156.4 million |
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