Business
Clean Energy Completes $29.5 Million ITC Sale
Clean Energy’s renewable natural gas facility at Tri-Cross dairy, Viborg, South Dakota NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Clean Energy Fuels Corp.
About this update from Clean Energy Fuels Corp.
[{"type":"text","content":"\nClean Energy’s renewable natural gas facility at Tri-Cross dairy, Viborg, South Dakota\n\n\n NEWPORT BEACH, Calif.--(BUSINESS WIRE)--\nClean Energy Fuels Corp. (Nasdaq: CLNE) has announced that, CE bp Renew Co, LLC, its joint venture with BP Products North America Inc., has finalized the sale of $29.5 million in investment tax credits (ITC). This marks the third successful ITC transaction and completes the sale and monetization of all ITCs tied to its six operating renewable natural gas (RNG) projects.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250723130747/en/Clean Energy’s renewable natural gas facility at Tri-Cross dairy, Viborg, South Dakota.\nThe $29.5 million in credits were generated by four of Clean Energy’s dairy RNG production facilities: Ash Grove, Marshall Ridge, VF Renewables and Tri Cross, dairies which are located in key agricultural regions in Minnesota, Iowa and South Dakota. These projects collectively have the ability to produce up to an estimated 3.9 million gallons of negative carbon-intensity RNG annually to fuel transportation fleets.\n\n\n“This transaction highlights the value of our renewable natural gas development portfolio,” said Clay Corbus, senior vice president and head of renewable fuels at Clean Energy. “As the third successful transaction to fully monetize our RNG projects, it’s a milestone which reflects market confidence and positions Clean Energy for further growth in the clean fuel sector.”\n\n\nAbout Clean Energy\n\n\nClean 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.\n\n\nForward-Looking Statements\n\n\nThis news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933...