Wall Street Transcript Interview with Andrew J. Littlefair, Co-Founder, President and CEO of Clean Energy Fuels Corp. (CLNE)

Wall Street Transcript

67 WALL STREET, New York - February 15, 2013 - The Wall Street Transcript has just published its Alternative Energy Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Grid Parity Timelines for Alternative Energy - Asia Pacific Demand for Solar Energy - Alternative Energy Generation - Solar Energy Pricing - Government Subsidies and Regulation - The Rise of the Energy Efficiency Market - LED Adoption in Large-Scale Projects - Long-Term Opportunities in Emerging Markets - Solar Growth Drivers and Headwinds

Companies include: Clean Energy Fuels Corp. (CLNE) and many more.

In the following excerpt from the Alternative Energy Report, the Co-Founder, President and CEO of Clean Energy Fuels Corp. (CLNE) discusses the outlook for his company for investors:

TWST: Please give us a history and an overview of Clean Energy Fuels.

Mr. Littlefair: Clean Energy started as an effort to turn natural gas into a transportation fuel in a significant way. It came out of something Boone Pickens and I got involved in back during the Mesa days. Mesa was a large producer of oil and natural gas, and much like the situation we have today, all of a sudden we saw the price of natural gas started dropping dramatically.

People had used natural gas in transportation in a spotty manner for years. We knew it worked, we knew it was clean, but as prices started going down, Boone said, "If I could put this natural gas into the gas tank, it could save something close to a dollar a gallon." So we started to look at that, and it certainly made sense, although it was harder to do than we thought.

In any case, while we were at Mesa we got into the business in a small way. We didn't quite know what we were doing, but we knew enough about it to get it started. We started doing a few stations and we completed a couple of projects, and then when Boone retired from Mesa in 1996, I moved back to California. And Southern California was the hotbed for using alternative fuels because of air quality problems.

Natural gas is much cleaner than gasoline and dramatically cleaner than diesel. So we started the predecessor company to Clean Energy, which was Pickens Fuel Corp.

We opened our doors in 1997 with just one employee and Boone's financial support. We acquired some stations at the time from Southern California Gas Company. Utilities were about the only people in the business in those days, so we went to work on figuring out what was really the right business model...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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