Salma Jain's questions to Clean Energy Fuels Corp (CLNE) leadership • Q4 2024
Question
Salma Jain inquired about the company's expectations for the 45Z tax credit clarification, the impact of the California Air Resources Board (CARB) OAL pause on LCFS pricing, and the potential for RNG volumes to be diverted from transportation to power generation for data centers.
Answer
President and CEO Andrew Littlefair stated that the CARB OAL pause is a technical issue expected to be resolved soon, which should help LCFS prices recover into the $70s. He noted the initial 45Z guidance under-values dairy RNG at around $1-$2, whereas it should be closer to $3-$5. While acknowledging data centers as a potential market for RNG, he emphasized that transportation remains the best and highest-value use for the fuel.