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    Clean Energy Secures $400M to Construct RNG Production Facilities at Dairy Farms to Support Transportation Sector

    Jan. 3, 2024
    The company will also expand its RNG fueling infrastructure, which currently consists of 600 stations across North America that serve more than 25,000 vehicles per day
    Clean Energy Fuels
    659576a87c1081001eb4464f Clean Energy Fuels

    Clean Energy Fuels Corp. (Clean Energy) has secured $400 million in financing from Stonepeak, an alternative investment firm specializing in infrastructure and real assets, to construct new renewable natural gas (RNG) production facilities and expand the company’s fueling infrastructure into the heavy-duty truck market.

    “We see RNG as a practical and affordable energy solution for the transportation sector, with tailwinds supporting increasing adoptability. This, combined with its ability to curb fugitive methane emissions, makes it a critical part of decarbonization infrastructure,” said Michael Bricker, Senior Managing Director at Stonepeak.

    RNG is a fuel made from organic waste at facilities, such as dairy farms. According to the U.S. Environmental Protection Agency, agriculture accounts for more than 10% of all United States greenhouse gas emissions, and the transportation sector accounts for another 28%.

    In preparation for receiving the $400 million, Clean Energy is currently developing a portfolio of RNG production facilities located at dairy farms across the United States, including a project in Texas that will supply RNG to the transportation market in Oregon.

    The company will also expand its RNG fueling infrastructure, which currently consists of 600 stations across North America that serve more than 25,000 vehicles per day.  

    About the Author

    EnergyTech Staff

    Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

    Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    He can be reached at [email protected]. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.