Capstone Green Energy Secures 1.6 MW Follow-on Order From a Leading Bottling and Packaging Solutions Provider in Mexico
Capstone Green Energy Corporation (NASDAQ: CGRN) has announced a follow-on order for two microturbines totaling 1.6 megawatts (MWs) from DTC Solutions, its exclusive distributor in Mexico. These microturbines will be used in a combined heat and power application at a Guadalajara facility, providing reliable power and thermal energy. The investment promises energy savings of approximately 62% and a return on investment within three years. Additionally, the sale includes a 10-year Factory Protection Plan for maintenance, underlining Capstone's commitment to its EaaS business model.
- Follow-on order for two microturbines indicating strong customer retention.
- Estimated energy savings of approximately 62%.
- Expected return on investment within three years.
- Sale includes a 10-year Factory Protection Plan, enhancing customer assurance.
- None.
The Sale Includes a 10-Year Factory Protection Plan (FPP), a Long-term Service Contract, Which Is Part of Capstone’s Focus On Growing Its EaaS Business
“It’s always an honor to me when our customers place follow-on orders with us as it’s the truest testament to our value proposition and the performance of our valued distributors like DTC Solutions,” said
The natural gas-fueled microturbines will be installed at the industrial manufacturer’s
The order will lead to energy consumption savings of approximately
“These efficiency improvements directly translate to significantly lower energy costs and higher profit margins for our customers in Mexico,” said
Utilizing the heat by-product from a microturbine allows operators to reduce emissions and save added costs that would otherwise be required to produce heat or steam in a separate unit. While traditional electricity from the grid with coal and gas-fired plants produces power at
The order includes a 10-year Factory Protection Plan (FPP), a long-term service contract. Capstone's innovative FPP is a comprehensive maintenance program designed to give financial peace of mind to microturbine customers by providing product life cycle costs at a fixed rate for both scheduled and unscheduled maintenance for the life of the microturbine system.
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
Cautionary Note Regarding Forward-Looking Statements
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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FAQ
What is the recent follow-on order by Capstone Green Energy (CGRN)?
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Does the sale include any service agreements?