Kenworth Truck Co.
Three investment firms have agreed to invest $150 million in Clean Energy Fuels Corp. to support its efforts to develop natural gas fueling infrastructure in North America, the company announced Thursday.
The proceeds are intended to support the development, construction and operation of liquefied natural gas and compressed natural gas fueling stations, Clean Energy said.
The investors are Springleaf Investments, a subsidiary of Temasek Holdings; Lionfish Investments, an investment vehicle managed by Seatown Holdings International; and Greenwich Asset Holding, a subsidiary of RRJ Capital Master Fund I.
“This investment by Temasek, Seatown and RRJ demonstrates their confidence in the opportunity for fueling natural gas vehicles as well as in Clean Energy’s position as the leader in growing this market,” Clean Energy CEO Andrew Littlefair said in a statement.