Clean Energy Fuels Corp. (Nasdaq: CLNE) said the Los Angeles County Metropolitan Transportation Authority (Metro) has signed a new agreement for an estimated 47.5 million gallons of its renewable natural gas (RNG) to fuel the nation’s largest transit bus fleet.

Financial terms were not disclosed.

Get the latest OC business and Coronavirus updates



Metro awarded Clean Energy three fueling depots for a five-year term, with an option to extend up to three additional years. Clean Energy already delivers RNG to five additional Metro fueling depots under a previously awarded RNG agreement.


Shares in Clean Energy rose 34% to $17.43 per share for a market cap of $3.5 billion following the announcement today.