Capstone Green Energy Receives Follow-on Order for Multiple Microturbine Systems for Marcellus Wellhead Sites
Capstone Green Energy Corporation (NASDAQ: CGRN) announced an order for ten C65 microturbine systems from E-Finity Distributed Generation, to be deployed at oil and gas wellhead sites in the Marcellus Shale region. These natural gas-fueled systems will provide continuous power and reduce operational costs. Over the past three years, Capstone has saved customers an estimated 1,115,100 tons of carbon and $698 million in energy costs. The microturbine systems are recognized for their low emissions, meeting stringent environmental regulations while enhancing reliability.
- Secured order for ten C65 microturbines, enhancing market position.
- Estimated $698 million in energy savings for customers over three years.
- Ability to meet stringent emission requirements with microturbine systems.
- None.
The natural gas-fueled microturbine systems will provide prime power 24/7 for various sites across the Marcellus reserve. The microturbines will allow the customer to increase on-site power production, lower operational costs and increase reliability. In addition, the dual-mode 65 kilowatt (kW) systems will provide the electrical power required to operate various buildings, including lighting, meters, and other equipment.
“Facing growing pressure to address climate change, global energy companies are pledging like never before to adapt to a lower-carbon future. For many, that involves investing in new technologies and infrastructures like microturbine systems to support new, greener ways of generating on-site electricity,” said
Capstone's low-emission, oil-free microturbine systems play a crucial role in ensuring the continued development of these rich shale plays. Because microturbine emissions are considerably lower than traditional internal combustion engines, it is easier for operators to meet increasingly stringent emission requirements.
“Having our customers place repeat orders with us is a true testament to the reliability of the Capstone microturbine systems and their ability to operate in very harsh, unforgiving Appalachian conditions,” said
About
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over
For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow
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This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company's growth strategy and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the
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