Capstone Green Energy Secures Follow-on Order From Leading Oil and Gas Customer in the Marcellus Shale Region in Appalachia
Capstone Green Energy (NASDAQ: CGRN) announced a follow-on order for two C200S Microturbines from E-Finity Distributed Generation, its distributor in the Mid-Atlantic and Caribbean. Scheduled for commissioning in summer 2023, these microturbines will be deployed at remote gas compression sites in the Marcellus Shale Play, ensuring reliable electricity and supporting emissions reduction targets. The order underscores the customer’s satisfaction with Capstone’s low-emission solutions and excellent power performance. Capstone has shipped over 10,000 units globally, helping customers save $213 million in annual energy costs and 388,000 tons of carbon in FY22 alone.
- Repeat order from a leading oil and gas producer indicates strong customer confidence.
- Microturbines will enhance on-site power production and operational efficiency.
- Capstone has saved customers over $213 million in energy costs and reduced carbon emissions significantly.
- None.
New Order Adds to the Customer’s Extensive Fleet of Microturbines
“Remote locations lacking grid connectivity are a perfect use-case for Capstone’s microturbines, as our oil and gas industry customers continue to demonstrate. In addition to providing the reliable electricity they are looking for to operate their equipment, Capstone’s low-emissions microturbines also help customers meet their emissions reduction targets. We appreciate the confidence that repeat customers continue to place in our team and technology,” said
The C200S microturbines, fueled by wellhead natural gas extracted directly from the pipeline, will provide primary electrical power at two separate Appalachia gas compression sites where no electricity is currently available. The microturbines will act as the primary power source for these remote sites while keeping site emissions ultra-low.
Compressor stations assist in transporting natural gas from supply points to end users. As natural gas safely moves through pipelines over long distances, friction and elevation differences slow the movement of the gas and reduce pressure. Compressor stations keep the pipeline pressurized and the natural gas flowing. These sites are often unmanned, and in remote locations, any failure usually results in the station going offline. A prolonged interruption can be the difference between profit and loss. With this much at stake, having reliable power in place is essential to operational efficiency.
The customer continues to select Capstones microturbines based on their proven field reliability, remote monitoring and diagnostic capabilities, and high availability with partial load redundancy. The microturbines will allow the customer to increase on-site power production, lower operational costs and increase reliability.
“All our Marcellus and
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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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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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