Clean Energy Fuels Corp (NASDAQ:CLNE), the world’s largest manufacturer of non-lubricated Compressed Natural Gas (CNG) compressors, introduced the most advanced heavy-duty non-lubricated compressor for the natural gas fueling market. The CleanCNG™, developed by engineers at Clean Energy’s subsidiary Clean Energy Compression in Chilliwack British Columbia, incorporates revolutionary improvements in compressor design and intelligent engineering, resulting in ultra-low vibration and noise in a compressor that is unparalleled in scalability, parts commonality and overall performance.
The New CleanCNG Compressor (Photo: Business Wire)
The CleanCNG™ is the culmination of 35 years in leadership in the compressor industry and the result of a complete ground-up re-engineering of the CleanCNG Standard.
The new compressor features:
- Standardized & Modular Construction. Streamlined modular engineering improves initial specification and cost-effectiveness, quicker delivery time and more reliable operation with extended service intervals. Specifically designed for expansion, the CleanCNG™ is available in 150 HP – 300 HP configurations.
- Ultra-Low Vibration & Noise. At 75 dBA @ 3m, low operating noise is a standard feature of the CleanCNG™, making it suitable for even residential neighborhood installations. Vibration measurements exceed API 618 and recommended industry guidelines.
- Scalable by Design. CleanCNG™ is the only natural gas compressor whose control systems, assembly and enclosure are designed and built to be mated together in an expandable manner. Proprietary heat management ensures that heated air is not recirculated between compressors, and performance remains consistent regardless of the number of compressors.
“The CleanCNG™ is a revolutionary product in the compression industry. We went back to the drawing board and reengineered the product with our customers in mind,” said Andrew Littlefair. “We were able to deliver a product that can be built more efficiently, and maintain the highest levels of compression performance available anywhere in the industry today.”
TransLink, the regional transit authority to Metro Vancouver, B.C., and the first Canadian transportation provider to achieve Platinum sustainability status from the American Transportation Association, recently purchased six of the new CleanCNG™ units.
“We were impressed with the CleanCNG™ because it offers us the low oil carry-over we count on but also a significant opportunity to decrease capital and operating costs because of simpler deployment and improved serviceability,” saidJoe Buck, Senior VP of Acquisition at TransLink. “Longer-term, the CleanCNG™ offers the most scalable platform available, which will allow us to expand as needed to meet our growing fleet fueling requirements.”
Clean Energy Compression facilities meets all ISO 9001:2008 Quality Management System requirements. CleanCNG compressors are available using a variety of cylinder configurations and inlet pressures. Multiple compressor systems, using two or three modular compressor packages that can be integrated together on-site, offer higher overall flow rates and system redundancy.
Clean Energy Compression is the only exclusive manufacturer of non-lubricated natural gas compressors in the world and this exclusive results in some of the lowest oil carry-over in the industry. Clean Energy compressors avoid the contamination resulting from injected oil in competitive lubricated designs and the CleanCNG™ delivers exceptionally clean oil carry over of less than 5 parts per million. (Original Source)
Shares of Clean Energy Fuels closed yesterday at $3.29, down $-0.19 or -5.46%. CLNE has a 1-year high of $7.93 and a 1-year low of $2.15. The stock’s 50-day moving average is $3.17 and its 200-day moving average is $3.12.
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the U. S. and Canada, based on the number of stations operated and the amount of gasoline gallon equivalents of compressed natural gas, or CNG, and liquefied natural gas, or LNG, delivered. It also design, build, operate, service, repair and maintain fueling stations, manufacture, sell and service non-lubricated natural gas fueling compressors and other equipment used in CNG stations and LNG stations, offer assessment, design and modification solutions to provide operators with code-compliant service and maintenance facilities for natural gas vehicle fleets, transport and sell CNG to large industrial and institutional energy users who do not have direct access to natural gas pipelines, process and sell RNG, sell tradable credits. The company was founded by T. Boone Pickens and Andrew J. Littlefair in 1996 and is headquartered in Newport Beach, CA.