Clean Energy Fuels Corp.: directors' dealings · United States · SEC (Form 4)

About Clean Energy Fuels Corp.

Clean Energy Fuels Corp. (NASDAQ: CLNE) is a United States-listed company traded on the NASDAQ market, with headquarters in Newport Beach, California, United States. For French-speaking investors in Europe, it is best understood as a specialized alternative-fuels infrastructure and supply company focused on low-carbon transportation, particularly for heavy-duty trucking, transit fleets, municipal vehicles, airport shuttles, and waste-hauling operations. The company traces its roots back to 1996, when it was launched as Pickens Fuel Corp., later becoming Clean Energy Fuels Corp. in 2001. It went public in 2007. Its long-term strategy has evolved from conventional natural gas fueling toward renewable natural gas (RNG), which is now the central pillar of the business model. Clean Energy’s business is built around two closely linked activities. First, it sells RNG and, more broadly, natural gas-based transportation fuel to commercial customers. Second, it operates and develops a large network of fueling stations across North America, while also providing related engineering, station operations, and maintenance services. The company states that it runs a broad station network in the United States and Canada and also develops RNG production assets, including dairy digesters and other organic-waste projects. RNG, which is produced by capturing methane from organic waste streams, is the company’s key strategic product because it offers fleets a lower-carbon fuel solution that can be deployed without requiring an immediate wholesale replacement of existing vehicle platforms. From a competitive standpoint, Clean Energy positions itself as the largest provider of the cleanest fuel for the transportation market in the United States. That scale matters: the company is not merely a fuel retailer, but a network operator with a meaningful role in infrastructure, long-term fuel contracting, and customer retention. Its strongest commercial exposure is typically in fleet categories that value fuel-cost stability, operational reliability, and emissions reduction, such as public transit, refuse collection, and regional trucking. Recent developments reinforce this positioning. In the first quarter of 2026, Clean Energy reported revenue of $117.6 million and 67.4 million RNG gallons sold. The company also announced Clay Corbus as its new President and CEO in April 2026, signaling a leadership transition after Andrew Littlefair’s long tenure. In addition, management highlighted new station placement along key freight corridors, underlining the importance of geographic expansion and network density. During late 2025, Clean Energy disclosed new RNG projects, including dairy-based supply initiatives, and expanded relationships with transit customers such as Gold Coast Transit. Overall, CLNE remains a North American transition-energy play with direct exposure to RNG adoption, environmental credit monetization, and the execution of its fueling and production footprint on the NASDAQ market in the United States.