Clean Energy Fuels Corp. CLNE

Company Overview

Clean Energy Fuels Corp. is a U.S.-based renewable fuel infrastructure and energy company focused primarily on supplying natural gas-based transportation fuels, including renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for the commercial transportation sector. The company operates within the broader clean energy, transportation fuels, and environmental services industries, with a strategic emphasis on decarbonizing heavy-duty transportation. Its primary customers include trucking fleets, transit agencies, airports, municipalities, refuse companies, and other operators of medium- and heavy-duty vehicles seeking lower-emission fuel alternatives.

The company’s principal revenue drivers include the sale of RNG and conventional natural gas vehicle fuels, operation and maintenance services for fueling stations, environmental credit monetization, and construction services related to fueling infrastructure. Clean Energy Fuels has positioned itself as one of North America’s largest providers of RNG for transportation, leveraging long-term supply agreements, fueling infrastructure ownership, and relationships with fleet operators. Founded in 2001 by energy entrepreneur T. Boone Pickens and others, the company evolved from a natural gas fueling infrastructure provider into a major participant in the RNG market as low-carbon fuel regulations and sustainability targets increased demand for renewable transportation fuels.