Capstone Green Energy Secures Order for Three C1000S Systems for Use in California
Capstone Green Energy (NASDAQ: CGRN) announced three orders for its C1000 Signature Series microturbines, highlighting the product's versatility in various sectors including oil and gas, breweries, and renewable natural gas processing. The first unit will reduce power costs and flaring at an oil production site. The second will replace an unreliable generator at a brewery, lowering emissions. The third unit will be installed at a landfill to convert gas into renewable fuels. These applications demonstrate significant financial benefits and contribute to greenhouse gas reductions, supporting Capstone's commitment to sustainable energy solutions.
- Three new orders for C1000 microturbines showcase product versatility.
- Each installation promises significant cost savings and emission reductions.
- Existing customer satisfaction leads to repeat orders, indicating market confidence.
- None.
Three
One C1000 will be installed at an onshore oil and gas production site using associated gas to reduce the site's power use from their electric utility. This will reduce the customer's operating cost and avoid flaring otherwise unusable production byproducts. This oil and gas customer already has three other Capstone microturbines, and has placed this fourth-order because they have found that the Capstone microturbines provide the most reliable and cost-effective power generation technology they have used.
A second C1000 will be installed at a brewery and operate on digester gas produced from waste byproducts. This microturbine will replace a reciprocating engine generator that was becoming too costly to maintain and unreliable for the customer. Operating a Capstone microturbine in place of the existing generator will also help in lowering the emissions at the brewery.
The third C1000 will be installed at a landfill as part of a renewable natural gas processing facility. Operating on the landfill gas, the microturbine will provide electricity for processing equipment to convert the remaining raw landfill gas into pipeline-quality natural gas and other renewable fuels for sale to customers who want to reduce their carbon footprint.
"All three of these applications have two things in common: the Capstone C1000 microturbines provide a significant financial benefit to the facilities that will use them, and they effectively reduce greenhouse gas emissions. This is a win-win-win solution that we all need more of," said
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
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This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding growth 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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FAQ
What applications are being targeted by Capstone Green Energy's new microturbine orders?
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