Clean Energy’s Natural Gas Deliveries Rose 25% Last Year
Clean Energy Fuels Corp. said its natural-gasdeliveries rose 25%to 195 million gallons last year,although the companyreported afourth-quarter loss.
Clean Energy, which is developing what it calls a nationwide network ofliquefied natural gas stations for heavy-duty trucks, defines gallons delivered asLNG, compressed natural gas and renewable natural gas.
this week, in which YRC will run four LNG-fueled trucks out of the busy Port of Long Beach, Calif.
The company reported a fourth-quarter loss of $41.7 million, or 23 cents a share, compared with a loss of $21 million, or 21 cents, a year ago. Revenue for the quarter rose 15% to $99.1 million.
For the full year, it lost $101 million, or 75 cents a share, compared with a loss of $47 million, or 47 cents, a year ago. Revenue rose 14.4% to $334 million.
“I am particularly proud that we accomplished our goal of building the first 70 LNG fueling stations along America’s Natural Gas Highway,” AndrewLittlefair, Clean Energy’s president, said in a statement.