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The $150-million investment is in the form of 7.50 percent convertible notes due in 2016. The notes will be convertible into shares of Clean Energy common stock at $15 per share. The closing of the investment is scheduled to occur on or before Aug. 30, 2011 and is subject to customary conditions.
Read More →Over the next two years, the transit agency expects to deploy nine new CNG fixed-route 32-passenger buses and 17 CNG paratransit buses as replacements for 50 percent of the diesel models in its fleet.
Read More →Supporting the local deployment of alternative-fueled cabs, the City of Chicago's Department of Environment has implemented a Green Taxi program, which reimburses taxi companies that purchase vehicles powered by alternative fuels or hybrid vehicles.
Read More →The LNG fuel supplied is converted on site at Sun Metro facilities to compressed natural gas fuel, which powers the Sun Metro fleet of 200 transit and paratransit buses.
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The CNG-powered 40-foot coaches will be the first MCI models in the City of Los Angeles Department of Transportation’s fleet. Each coach will be wheelchair-lift equipped and feature MCI’s Cummins ISL G 8.9 liter, 320hp engine, which meets 2010 U.S. Environmental Protection Agency and California’s California Air Resource Board (CARB) standards.
Read More →Will represent more than 50 percent of the 64,000 total transit buses that will be delivered worldwide by 2015, up from 28 percent of total bus deliveries in 2010.
Read More →The new CNG fueling stations, available 24/7 for public access, will be located in Tampa, Fla.; New York City; New Orleans and Philadelphia.
Read More →Over the next three years, the agency plans to deploy 452 new CNG buses and 200 CNG paratransit vehicles as replacements for its current fleet of liquefied natural gas and diesel-powered models that began service in 1998.
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The university, which currently has 18 CNG buses, plans to have 90 CNG vehicles by the end of 2011.
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Today, the maturation of alternative fuels has made it easier for transit agencies to implement programs than it was for early adopters in the 1990s. Even still, there are many lessons to learn from the early pioneers, including being aware of possible infrastructure and training investments.
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