Clean Energy to Build, Operate, Market and Sell the Gas
Pennsylvania’s Lehigh Gas Partners and Clean Energy Fuels are teaming to provide compressed natural gas to consumers and fleets “at potentially 20 Lehigh Gas facilities.” Lehigh owns and leases sites in Pennsylvania, New Jersey, Ohio, Florida, New York, Massachusetts, Kentucky, New Hampshire and Maine.
“The two companies will work together to identify Lehigh Gas sites on which to construct CNG fueling stations,” states a joint release. They will be public-access “and conveniently located for commercial CNG fleets, including shuttles, taxis, [and] small- to mid-size trucks.”
Clean Energy will be responsible for the construction and operation of the CNG stations and the management, marketing and sales of CNG at Lehigh Gas sites.
“Lehigh Gas appreciates the leadership position Clean Energy has taken in the development of CNG and is pleased to partner with them to offer an alternative fuel option to help people get where they need to go,” Lehigh Gas Partners chairman and CEO Joseph Topper said in a release.
‘A Great Fit’
“This agreement supports our alternate-fuel strategy of developing refueling sites both on our own and also with best-in-class providers like Clean Energy,” he said.
“Lehigh Gas has been early to recognize the significant environmental and lower-cost benefits of natural gas and is a great fit as Clean Energy’s partner in publicly accessible CNG stations,” said Clean Energy national accounts VP Greg Roche. “The two companies have unique strengths that will bring convenience, cost-savings and a cleaner-burning fuel to the growing number of NGV drivers,” he said.
Both Clean Energy (NASDAQ:CLNE) and Lehigh Gas Partners (NYSE:LGP) are public companies.
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Lehigh and Clean Energy with Fleets & Fuels follow-up