11.06.2008 20:05:00
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General Motors and Clean Energy Working to Expand Hydrogen Fueling Infrastructure
General Motors Corp. (NYSE:GM) and Clean Energy Fuels Corp.
(Nasdaq:CLNE) announced today Clean Energy will open a hydrogen fueling
station in Los Angeles with support from GM. The two companies also
announced that they are exploring further opportunities to expand the
hydrogen infrastructure.
As the first step in this effort, a hydrogen fueling station will be
developed and located at Clean Energy's compressed natural gas (CNG)
facility near Los Angeles International Airport (LAX).
The hydrogen station is expected to open in late summer or early fall --
and will be used by drivers taking part in Chevrolet's Project Driveway,
the world's largest market test of fuel cell vehicles.
GM and Clean Energy are discussing potential opportunities to expand
this first station into a network of hydrogen fueling stations by
leveraging Clean Energy's natural gas fueling expertise and the
real-world customer experience gained by fueling more than 14,000
vehicles daily at over 170 CNG stations across North America.
"Developing and growing hydrogen
infrastructure is vital to GM's efforts to bring larger volumes of fuel
cell vehicles to the market,” said Mary Beth
Stanek, director of energy and environmental policy & commercialization
at General Motors. "We’re
supporting this hydrogen station near LAX because we recognize a
critical role for Clean Energy’s existing CNG
infrastructure in helping expand the hydrogen infrastructure. We expect
to learn important lessons from Clean Energy's expertise in developing
and operating a network of natural gas fueling stations.”
The LAX station will help both companies better understand the synergies
between hydrogen and natural gas fueling.
"Working with General Motors in this highly
significant project makes great sense,” said
Andrew J. Littlefair, Clean Energy's president and CEO. "Developing
a cost-effective hydrogen infrastructure is a challenge. By leveraging
the growing network of natural gas stations, a variety of hydrogen
station designs can be introduced to the public. Ultimately, reforming
pipeline natural gas to produce hydrogen at our stations may be done
inexpensively, thereby taking advantage of the ready infrastructure.
This approach can accelerate the larger-scale deployment of hydrogen
vehicles.”
Littlefair also noted that Clean Energy and GM can work to broaden the
awareness of the societal and customer benefits of cleaner gaseous fuels
as the world moves to diversify its sources of energy.
Chevrolet’s Project Driveway is putting more
than 100 Equinox fuel cell vehicles in the hands of real customers to
help Chevy and GM understand what it will take to bring larger numbers
of fuel cell vehicles to customers around the world. Currently, the
program has launched in Los Angeles, New York City and Washington D.C.
with further deployments later this year in Europe and Asia.
About General Motors
General Motors Corp. (NYSE:GM), the world’s
largest automaker, has been the annual global industry sales leader for
77 years. Founded in 1908, GM today employs about 266,000 people around
the world. With global headquarters in Detroit, GM manufactures its cars
and trucks in 35 countries. In 2007, nearly 9.37 million GM cars and
trucks were sold globally under the following brands: Buick, Cadillac,
Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn,
Vauxhall and Wuling. GM’s OnStar subsidiary
is the industry leader in vehicle safety, security and information
services. More information on GM can be found at www.gm.com About Clean Energy
Clean Energy (Nasdaq:CLNE) is the leading provider of natural gas (CNG
and LNG) for transportation in North America. It has a broad customer
base in the refuse, transit, ports, shuttle, taxi, regional trucking,
airport and municipal fleet markets, fueling more than 14,000 vehicles
daily at over 170 strategic locations across the United States and
Canada. Natural gas is cleaner, cheaper and a domestic resource, making
it a compelling alternative to gasoline and diesel for high-fuel-use
vehicles. Clean Energy del Peru, Clean Energy’s
Peruvian joint venture, operates the world’s
largest natural gas vehicle fueling station in Lima, Peru. Information
at: www.cleanenergyfuels.com Forward-Looking Statements
This news release from Clean Energy and General Motors contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934 that involve risks, uncertainties and assumptions. Actual results
and the timing of events could differ materially from those anticipated
in these forward-looking statements including the growth of the hydrogen
fueling industry, the commencement of hydrogen fueling operations at the
LAX station, the cost-effectiveness of utilizing natural gas
infrastructure to provide hydrogen fueling and the size and impact of
the Project Driveway program. The forward-looking statements made herein
speak only as of the date of this press release and the companies
undertake no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.
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