What is Clean Energy?
Clean Energy specializes in supplying compressed natural gas (CNG), liquefied natural gas (LNG), and renewable natural gas (RNG) for a diverse range of vehicle types. The company's integrated approach encompasses the design, construction, operation, and maintenance of fueling stations, alongside the manufacturing and servicing of essential natural gas fueling infrastructure equipment. They offer end-to-end solutions, including fleet facility assessment, design, and modification services. Clean Energy also plays a role in transporting and selling natural gas products to industrial and institutional clients, and processes RNG for vehicle fuel applications, further supporting the transition to cleaner transportation alternatives. Their services extend to assisting with vehicle acquisition, financing, and navigating government incentives, primarily serving the transportation sector, including trucking, airports, waste management, and public transit, as well as industrial users and government fleet operations.
How much funding has Clean Energy raised?
Clean Energy has raised a total of $342.2M across 3 funding rounds:
Stock Offering
$108.8M
Share Placement
$83.4M
Debt
$150M
Stock Issuance/Offering (2007): $108.8M, investors not publicly disclosed
Share Placement (2018): $83.4M led by Total SA
Debt (2022): $150M supported by Riverstone Credit Partners
Key Investors in Clean Energy
Total SA
Total SA, a global energy giant, has previously participated in Clean Energy's funding rounds, indicating a strategic interest in the alternative fuels market and supporting companies that align with their broader energy transition goals.
What's next for Clean Energy?
The recent major strategic investment signifies a pivotal moment for Clean Energy, likely enabling accelerated expansion of its fueling station network and further development of its RNG processing capabilities. This capital infusion is expected to bolster its market position in providing sustainable fuel solutions for commercial fleets. The company's focus on comprehensive service offerings, from infrastructure to vehicle support, positions it to capitalize on the growing demand for decarbonization in the transportation industry. Future growth may involve strategic partnerships and technological advancements to enhance efficiency and broaden the adoption of natural gas and renewable natural gas as primary vehicle fuels.
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