Clean Energy to Design and Build New Hydrogen Station for Riverside Transit Agency

Clean Energy to Design and Build New Hydrogen Station for Riverside Transit Agency

New station to support Riverside Transit Agency's growing hydrogen bus fleet with state-of-the-art fueling infrastructure and hydrogen supply

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Clean Energy (NASDAQ: CLNE), the country's largest provider of the cleanest fuel for the transportation market, has been awarded the contract to design and construct a new state-of-the-art hydrogen fueling station for Riverside Transit Agency (RTA) in California. The contract was won following a competitive solicitation and also includes the supply of hydrogen and maintenance services for the private access, purpose-built station located in Riverside.

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RTA plans to initially operate five fuel cell buses when the station opens and will grow its fleet to over 100 hydrogen-powered buses over the next decade. The new facility will play a central role in RTA's commitment to transition to a zero-emission vehicle fleet.

As a transit agency who serves one of the geographically largest regions in the U.S., RTA has some of the longest passenger routes, making hydrogen a natural choice as a clean alternative fuel and an alternative to battery-electric buses to power the agency's high-mileage transit bus routes.

"Being awarded another hydrogen station is a testament to Clean Energy's leadership and expertise in the hydrogen fueling space. Partnering with the forward-thinking team at Riverside Transit is a great feather in our hat as they transition, expand and diversify to other clean, low emissions technologies," said Chad Lindholm, senior vice president of Clean Energy. "Hydrogen offers a reliable solution for long routes and this new station will support RTA's goals to serve their community cleanly for years to come."

"This project reflects our commitment to fostering healthier communities by advancing clean energy solutions and is a critical milestone as we move to a zero-emission vehicle fleet," said Jeremy Smith, Board Chair at Riverside Transit Agency. "We are driving innovation while addressing the need for environmentally responsible solutions."

This station announcement follows news that RTA will purchase five 40-foot hydrogen fuel cell electric buses after being awarded a $5.1 million grant from the U.S. Department of Transportation which begins the agency's plan of transitioning its large bus fleet to zero-emissions vehicles, expected to take place in phases beginning in 2026.

This is the second hydrogen station project Clean Energy has been awarded recently with the first build successfully completed for Foothill Transit Agency in Pomona, CA, in June 2023.

About Clean Energy

Clean Energy Fuels Corp. is the country's largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived by capturing methane from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada as well as RNG production facilities at dairy farms. Visit www.cleanenergyfuels.com and follow @ce_renewables on X and LinkedIn.

About Riverside Transit Agency

The Riverside Transit Agency provides public transportation for western Riverside County, operating 32 local fixed routes, three commuter express routes, microtransit and Dial-A-Ride services. RTA's service area spans 2,500 square miles, among the largest in the nation. For bus route and schedule information contact RTA at (951) 565-5002 or go to RiversideTransit.com.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including without limitation statements about: the amounts and timing of hydrogen expected to be consumed; the timing and scope of construction, maintenance, and other projects; the numbers and timing of vehicles expected to be deployed, fueled, maintained, or financed; the characteristics and performance of hydrogen fuel cell engines and trucks; the environmental and other benefits of Clean Energy's fuels; the availability of environmental, tax and other government regulations, programs and incentives; and the impacts of legislative and regulatory developments. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, Clean Energy undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents Clean Energy files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.

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Clean Energy media contact:
Kimberly Fleer
1-949-437-1447
[email protected]

Clean Energy investor contact:
Thomas Driscoll
1-949-437-1191
[email protected]

Riverside Transit Agency media contact:
Christine Ramsey
1-951-565-5170
[email protected]

Source: Clean Energy Fuels Corp.

Released December 11, 2024

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