Covanta Energy and Clean Energy Partner to Build Natural Gas Stations at Covanta Facilities

  Covanta Energy and Clean Energy Partner to Build Natural Gas Stations at
  Covanta Facilities

Business Wire

MORRISTOWN, N.J. & SEAL BEACH, Calif. -- January 3, 2013

Covanta Energy Corporation (NYSE: CVA), a world leader in sustainable waste
management and renewable energy, and Clean Energy Fuels Corp. (Nasdaq: CLNE),
North America’s largest provider of natural gas for transportation, today
announced an agreement to co-develop compressed natural gas (CNG) stations at
select Covanta facilities throughout the U.S.

Covanta Energy operates over 40 state-of-the-art facilities that convert
everyday trash into clean, renewable energy. The company also operates an
additional 13 solid waste transfer stations. The two companies will work
together to identify Covanta sites on which to construct CNG stations. Each
station will provide compressed natural gas for a minimum of 30 refuse trucks
a day and depending on the location, will be accessible to the public for CNG
fueling.

“Covanta Energy is pleased to partner with Clean Energy and help in the
conversion of refuse trucks to cleaner, more efficient technologies like
natural gas powered vehicles,” said Joey Neuhoff, Covanta Energy vice
president of business development. “The new CNG stations will complement our
operations, as we are committed to limiting impacts to the environment and our
communities and providing the cleanest, most reliable source of energy from
waste in the world.”

The first Clean Energy CNG station at a Covanta facility will open at the
Essex County Resource Recovery Facility in Newark, N.J. later this month. The
station will provide cleaner, cost-efficient, domestic CNG fuel for the
growing numbers of CNG refuse trucks that serve communities and businesses
throughout the Northern New Jersey and New York City area. The Covanta
Energy-from-Waste facility in Newark processes approximately 2,800 tons of
municipal and commercial solid waste per day into approximately 65 megawatts
of clean, renewable electricity — enough to power approximately 45,000 homes.

“For years, Covanta has been an innovative leader in providing clean,
renewable energy to the communities they serve,” said Raymond P. Burke, Clean
Energy’s Vice President for Solid Waste. “Clean Energy is honored to carry on
that tradition with Covanta by supplying cleaner-burning, domestic natural gas
to the fleets that use their facilities.”

The two companies are currently evaluating Covanta sites throughout the
country to build additional CNG stations.

Clean Energy reliably fuels thousands of natural gas solid waste trucks every
day across the U.S. and Canada, and the numbers are growing rapidly. The new
Clean Energy CNG stations at Covanta’s facilities will accelerate the
transition of fleets from diesel to cleaner, more economical and more
efficient natural gas fuel.

Priced up to $1.50 per gallon less than diesel fuel (based on current market
conditions), the use of natural gas fuel reduces costs significantly for
vehicle and fleet owners, and lowers greenhouse gas emissions up to 23% in
medium to heavy-duty vehicles. Additionally, natural gas is a secure North
American energy source, with 98% of the natural gas consumed produced in the
U.S. and Canada.

Recovering energy from residual waste left over after efforts to reduce,
reuse, and recycle is a critical component of sustainably managing waste. For
every ton of municipal solid waste processed at Covanta’s Energy-from-Waste
facilities, greenhouse gas emissions are reduced by the equivalent of
approximately one ton less of carbon dioxide emissions. This is possible due
to the avoidance of methane from landfills, the offset of greenhouse gases
from fossil fuel electrical production and the recovery of metals for
recycling.

Covanta Energy Corporation (NYSE: CVA) is an internationally recognized owner
and operator of large-scale Energy-from-Waste and renewable energy projects
and a recipient of the Energy Innovator Award from the U.S. Department of
Energy's Office of Energy Efficiency and Renewable Energy. Covanta’s 44
Energy-from-Waste facilities provide communities with an environmentally sound
solution to their solid waste disposal needs by using that municipal solid
waste to generate clean, renewable energy. Annually, Covanta’s modern
Energy-from-Waste facilities safely and securely convert approximately 20
million tons of waste into 9 million megawatt hours of clean renewable
electricity and approximately 9 billion pounds of steam that are sold to a
variety of industries. For more information, visit www.covantaenergy.com.

Clean Energy(Nasdaq: CLNE) is the largest provider of natural gas fuel for
transportation in North America and a global leader in the expanding natural
gas vehicle fueling market. We have operations in compressed natural gas (CNG)
and liquefied natural gas (LNG) vehicle fueling and construction and operation
of natural gas fueling stations. Wholly-owned subsidiaries include BAF
Technologies, which provides natural gas vehicle systems and conversions for
taxis, vans, pick-up trucks and shuttle buses; IMW Industries, Ltd., which
supplies CNG equipment for vehicle fueling and industrial applications
worldwide; NorthStar, which supplies LNG and liquefied to compressed natural
gas fueling system technologies and equipment, station construction and
operations; and Clean Energy Renewable Fuels (CERF), which develops renewable
natural gas (RNG), or biomethane, production facilities in the U.S. For more
information, visit www.cleanenergyfuels.com.

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Contact:

News Media Contacts
Clean Energy
Bruce Russell, 310-559-4955 x101
brussell@cleanenergyfuels.com
or
Covanta Energy
James Regan, 862-345-5216
jregan@covantaenergy.com
or
Investor Contacts
Clean Energy
Tony Kritzer, 562-936-7120
tkritzer@cleanenergyfuels.com
or
Covanta Energy
Alan Katz, 862-345-5456
IR@covantaenergy.com