Clean Energy Fuels Corp.

Clean Energy Fuels Corp. (NASDAQ: CLNE) operates as a leading renewable energy company focused on the procurement and distribution of renewable natural gas and conventional natural gas for transportation markets in the United States and Canada. The company's website is www.cleanenergyfuels.com.

The company's core business centers on selling renewable natural gas created from biogas recovered from dairy and livestock waste and landfills, delivered as either compressed natural gas or liquefied natural gas to medium and heavy-duty commercial vehicle operators. Clean Energy has been operating in the alternative vehicle fuels industry for over 28 years and believes it was the first organization to sell RNG as a vehicle fuel in the United States. In 2025, RNG comprised 88 percent of the company's vehicle fuel sales, with the goal of achieving 100 percent RNG distribution across its fueling infrastructure.

The company operates 582 fueling stations it owns, operates, or supplies across 43 states and the District of Columbia, plus 27 stations in Canada. It serves over 1,200 fleet customers operating approximately 65,000 vehicles. Clean Energy generates revenue through multiple streams including fuel sales, environmental credits such as Renewable Identification Numbers and Low Carbon Fuel Standard credits, operations and maintenance services, station construction and engineering, and grant programs.

The company owns and operates two liquefaction plants near Boron, California and Houston, Texas, with combined annual production capacity of approximately 122 million gallons of LNG. Clean Energy has established strategic partnerships including a 50-50 joint venture with TotalEnergies for dairy RNG production, a similar arrangement with BP Products North America currently operating five projects with one under construction, and a joint development agreement with Maas Energy Works. The company also operates one consolidated dairy RNG project called South Fork.

As of December 31, 2025, the company's portfolio includes eleven RNG projects either in operation or under construction with estimated combined production capacity of 14.5 million gallons of gasoline gallon equivalents annually. Clean Energy estimates it provided approximately 50 percent of RNG used for transportation fuel in California and 32 percent nationally in 2025, positioning itself as North America's leading provider of RNG for commercial transportation based on station count and volume served.