Capstone Green Energy Secures Follow-On Order for Two C200S Microturbine Systems from Canadian Firm Supplying Mobile Power to Oil and Gas Sites
Capstone Green Energy Corporation (NASDAQ: CGRN) has received a follow-on order for two C200S microturbines from a Canadian firm, just two months after the initial order. The new order adds 400 kW of power capacity to support mobile energy for upstream oil and gas sites. These microturbines will operate using associated natural gas, enhancing efficiency and sustainability. The successful performance of the initial unit led to this repeat order, highlighting customer confidence in Capstone's technology.
- Follow-on order for two C200S microturbines within two months of initial order.
- Increased total generation capacity by 400 kW for the customer.
- Successful performance of initial turbines led to repeat customer order.
- Microturbines will utilize associated natural gas, lowering operational costs.
- None.
Additional Order for Two C200S Microturbines Comes Just Two Months After Initial Order
"Capstone's ability to get our turbines in service quickly and reliably is important to our customers. We appreciate the mark of confidence and credibility that repeat orders provide as our customers look to manage their energy costs and environmental impact, particularly at remote sites," said
After only two months of successful operation with their initial microturbine order, the customer ordered two additional C200S microturbines, adding 400 kW of generation capacity to their existing fleet. The microturbines will provide clean and reliable electricity to power auxiliary equipment and several buildings at a remote natural gas well site.
"The customer contacted us for a second order after seeing the flawless performance of the C200S purchased in May," said
Capstone microturbines are able to use the associated natural gas, a by-product of oil production at the remote site, as an input fuel source with minimal gas pre-treatment. This allows the customer to keep operational costs low by avoiding extra fuel-cleaning equipment and significantly reducing the negative impact on the local environment.
The project demonstrates the confidence that oil and gas customers continue to have in Capstone products' reliability and high availability. Capstone microturbines align with the needs of oil and gas producers since they can be used in all phases of production operations, including upstream, midstream, and downstream, in both onshore and offshore applications.
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For over 20 years,
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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
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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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