Clean Energy Fuels Corp. (NASDAQ: CLNE) is a U.S.-based energy company that specializes in supplying alternative fuels—primarily compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG)—to the transportation sector in North America. The company traces its roots back to its public listing in 2007. Over time it has evolved from a more typical “natural gas fuel for fleets” business into a vertically integrated player that also invests in RNG production from organic waste sources, especially dairy farms and other agricultural/organic waste operations.
Clean Energy’s operational footprint comprises a network of fueling stations across the U.S. and Canada—numbering over 600 in their latest disclosures—that serve heavy-duty trucks, buses, refuse collection and other commercial fleet vehicles. On the upstream side, the company invests in projects that convert methane from organic waste (such as from dairies) into RNG, which can then be distributed through its station network, creating a “farm-to-fleet” supply chain. Additionally, Clean Energy offers equipment, station-design, station-construction and fueling infrastructure services (compressors, dispensers, storage) which support fleet-scale deployment of natural‐gas-based alternatives.
The company positions itself as a leading provider of the cleanest possible fuel solutions for transportation—particularly targeting heavy-duty applications where alternatives to diesel are increasingly in demand. Its vertical integration (from RNG production to distribution to fueling) offers a competitive angle, especially as the regulatory and market environment increasingly rewards low-carbon fuels and emission reductions. The “from farm to fleet” narrative is a key part of its differentiation.