Capstone Green Energy Secures Order for a 600kW Energy System From a Leading Slovenian Dairy Producer, Pomurske Mlekarne
Capstone Green Energy (NASDAQ: CGRN) has announced a significant order for its C600 Signature Series microturbine from Pomurske Mlekarne, a leading dairy producer in Slovenia. The 600kW system, part of a modernization project at the Murska Sobota facility, is aimed at enhancing energy efficiency and reducing emissions. Expected to be operational by Spring 2023, the project highlights growing demand for Capstone’s low-emission energy solutions. Capstone’s long-term service contract guarantees operational reliability, reflecting confidence in the company’s technology.
- Secured a significant order for a 600kW microturbine system from Pomurske Mlekarne.
- Project aimed at enhancing energy efficiency and reducing emissions.
- Long-term service contract ensures operational reliability, indicating customer confidence.
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The Microturbine Will Provide Low Emission Electrical and Thermal Energy for the State-of-the-
"The past year, through the ongoing effects of the Covid-19 pandemic and the war in
The project marks the first microturbine order from Pomurske Mlekarne and demonstrates the confidence that the customer has in Capstone’s product reliability and high availability. The C600S microturbine is part of a major modernization project that includes a state-of-the-art steam system. "We are happy to increase economy and efficiency at Pomurske Mlekarne, a company offering highly awarded dairy products, not only locally, but also exporting to
Utilizing the heat by-product from a microturbine will allow operators to reduce emissions and offers cost savings by eliminating the need to produce heat or steam in a separate unit. While traditional electricity from the grid with coal and gas-fired plants produces power at
Another key factor in the equipment selection process was Capstone’s industry-leading comprehensive Factory Protection Plan (FPP) long-term service contract. The Capstone FPP provides customers’ needs to ensure the smooth operation of its system at a fixed cost over several years.
About
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 the Company's target for growth of its rental fleet 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 sufficiency of the Company's working capital to meet its rental fleet growth target; 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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FAQ
What is the significance of the order secured by Capstone Green Energy (CGRN)?
When is the microturbine system expected to be commissioned?
What are the expected benefits of the microturbine system for Pomurske Mlekarne?