Capstone Green Energy Receives New Orders from German Distributor E-Quad for a Textile Finishing Company and an Offshore Gas Platform
Capstone Green Energy Corporation (NASDAQ: CGRN) has announced two significant orders through its distributor E-quad Power Systems GmbH. One order is for a C200S microturbine-based Combined Heat and Power (CHP) system for Gerhard van Clewe GmbH, a textile finishing company in Germany, expected to be commissioned in May 2023. The second order consists of four C65 offshore systems for an existing customer in the North Sea. These developments underscore Capstone's commitment to energy efficiency and reduced CO2 emissions.
- Secured a significant order for a C200S microturbine-based CHP system valued for energy efficiency.
- Repeat order for four C65 offshore systems from an existing Capstone customer, demonstrating strong customer loyalty.
- Projected energy savings and CO2 reduction aligned with sustainability goals.
- None.
The Microturbine Powered Combined Heat & Power (CHP) System for the Textile Finishing Company Will Be the First of Its Kind in
The Offshore Systems Are a Repeat Order for an Existing Capstone Customer
The C200S microturbine-based CHP system is for leading textile finishing company Gerhard van Clewe GmbH & Co.KG, based in
The company first considered microturbine technology due to rising electricity costs compared to the low cost of natural gas. As a company with a sustainability mission, they also valued the high efficiency and emissions reduction that a CHP system delivers.
“Between the cost savings and environmental benefits, we are especially excited to be a development partner in this first-of-its-kind application,” said
The four C65 offshore systems will be deployed with an existing Capstone offshore gas exploration customer who is an advocate for sustainable energy sources. They strongly believe that until there are sufficient sustainable alternatives available, the use of natural gas is an effective method to reduce CO2 output immediately. Natural gas can therefore provide an optimal contribution towards providing climate neutral energy.
“The Capstone Green Energy microturbine-based CHP systems have proven time and again to be tremendously beneficial across the manufacturing space, providing reliable, highly efficient power, but also fulfilling facility heating, drying and cooling needs, which has the added benefit of lowering facility emissions,” said
“Capstone's green energy solutions align perfectly with the needs of the oil and gas industry and are currently used in all phases of production, including upstream, midstream, and downstream operations in both onshore and offshore applications. Capstone's technology provides the low operational cost, high availability, and high-reliability global energy producers need, particularly in a world where energy prices are not likely to be dropping any time soon,” concluded Jamison.
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To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over
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