Clean Energy Fuels (CLNE) Announces Up to $400M in Financing with Stonepeak streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Clean Energy Fuels Corp. announced that it has entered into a six-year $300 million senior secured term loan with Stonepeak, a leading alternative investment firm specializing in infrastructure and.
The financing will be used for new renewable natural gas production facilities, as well as the expansion of Clean Energy's fueling infrastructure targeting the heavy-duty truck market.
The station opening comes at a time when RNG is gaining momentum in the heavy-duty vehicle space with the introduction of the Cummins X15N natural gas engine.