Maybe there's something to this natural gas thing after all. Companies like Chesapeake Energy
Clean Energy Fuels
Revenue for Clean Energy Fuels jumped 58% to $72.1 million as gasoline gallon equivalents delivered rose to 40.9 million. This has yet to translate into a profit, with non-GAAP loss growing to $8 million, or $0.11 per share. But when growth is the focus, a loss isn't the end of the world.
The growth should continue at a rapid rate with a record number of station and vehicle projects under way. Being developed are 92 truck stop stations to build a natural gas highway for trucking companies looking to make the switch to liquefied natural gas. It's this build-out that will take Clean Energy Fuels from a company that operates bus contracts into one that helps drive a natural gas fueling revolution.
All about dollars and cents
With natural gas production becoming less expensive from shale sources and oil prices rising, the future for natural gas fuel remains strong. Clean Energy Fuels has a long ways to go before its expansion is complete, but when it is, truck operators will have a viable fuel alternative to traditional diesel.
It will take more than fueling stations to make the transition, but major industry players like Westport Innovations