Capstone Green Energy Shows Strong Growth in Mexico's Commercial and Industrial Sector With 1.2 MW Order
Capstone Green Energy (NASDAQ: CGRN) announced an order for two C600 Signature Series microturbine systems totaling 1.2 MWs through its exclusive distributor, DTC Soluciones, for the Mexican market. This order illustrates the rising demand for reliable, efficient energy solutions in Mexico's industrial and commercial sectors, which account for 72% of the country's electricity demand. Capstone's technology offers potential cost reductions in electricity generation compared to local utilities. Over the last four years, the company has saved its customers approximately $911 million in energy costs and reduced carbon emissions significantly.
- Received an order for 1.2 MWs of microturbine systems, indicating strong market demand.
- Capstone's technology can reduce energy costs below local utility prices.
- Saved customers approximately $911 million in energy costs over four years.
- None.
"Supporting manufacturers as they seek to meet their reliability and resiliency needs while managing costs and lessening their environmental impact is a rewarding part of the Capstone business model," said
One of the core challenges faced by the manufacturing industry is the need for reliable and efficient energy solutions that reduce operational costs, increase reliability, and support sustainability goals. Capstone's scalable microturbine energy systems are engineered to meet commercial and industrial manufacturers' large electrical and thermal demand requirements. Capstone microturbines can reduce energy costs by producing electricity at a lower cost than the price of power supplied by local utilities.
According to the
"We continue to see high demand for energy-efficient solutions throughout
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20220915005310/en/
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com
Source:
FAQ
What recent order did Capstone Green Energy secure in Mexico?
How much electricity demand do Mexico's industrial and commercial sectors represent?
What financial impact has Capstone Green Energy had for its customers?