Capstone Green Energy Secures a Follow-on 2 MW Order from a $5 Billion Dollar Privately Held Company Focused on Quality Brands and Social Responsibility
Capstone Green Energy Corporation (NASDAQ: CGRN) has announced a follow-on 2 MW order from a prominent private company. This new order underscores the growing partnership and reflects customer satisfaction with Capstone's energy solutions. The project is expected to be commissioned later this year, addressing the customer's expanding energy needs that local utilities cannot meet. Capstone's sales team emphasizes the importance of building relationships with large enterprises to enhance future orders. The company continues to demonstrate its commitment to reducing carbon footprints and energy costs.
- Secured a follow-on 2 MW order, indicating strong customer satisfaction.
- The project will be commissioned later this year, reflecting timely execution.
- Opportunity for future orders from a multibillion-dollar customer.
- None.
The 2 MW Project Is a Follow-on Order to an Initial Successful 2
The new Capstone Direct Sales team secured the follow-on order, which is anticipated to be commissioned later this year. The customer facility is expanding rapidly, and the local electric utility cannot meet the customer's increasing energy growth requirements in the desired timeframe.
"It's always an honor when our customers place follow-on orders with us as it's the truest testament to our value proposition and the performance of our products and services," said
"As this customer grows and expands their operations, we hope to continue to provide additional power generation needs and assistance in their goals of reducing their carbon footprint and energy costs. Expanding our business with multibillion-dollar global companies such as this is a key charter of the Capstone Direct Sales team, as that customer category presents an excellent opportunity to expand our relationship and generate more frequent and larger orders. To accomplish this, our direct sales team works together with our highly valued global distribution channel to create sales synergies and better engage and service this type of customer," said
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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
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com.
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 growth and liquidity expectations 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 departures and other changes in management and other key employees. 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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