Thursday, November 7, 2013

Newport, California, firm building 'natural gas highway'

News from Orange County on one of our key stake holders of the Coachella Valley Clean City Region Holders - Clean Energy. Clean Energy Fuels has spent $300 million over the past two years on infrastructure, building natural gas fueling stations from Seal Beach to Staten Island.
The firm has yet to turn a profit. But [CEO Andrew J.] Littlefair and [T. Boone] Pickens, who holds a fifth of the company's stock, are betting that a significant share of the nation's buses and trucks will switch from diesel to natural gas in the next five years.

"We are at the tipping point of a huge market," Littlefair says. "We're not dinking around competing in some little niche."

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