Capstone Green Energy to Provide 1.2 MW of Microturbine Energy Systems for Leading Manufacturer in California
Capstone Green Energy Corporation (NASDAQ: CGRN) has secured an order for two C600 Signature Series microturbines totaling 1.2 MW for a Southern California industrial manufacturer. This deployment will enhance energy efficiency and reduce carbon emissions through a combined cooling heat and power (CCHP) system. Expected commissioning is by Summer 2023. The company emphasizes its ability to deliver low-emission solutions that lower energy costs, thereby boosting customer reliability and predictability.
- Secured order for two C600 microturbines, totaling 1.2 MW, enhancing energy efficiency.
- The project reduces reliance on the electrical grid and lowers utility costs.
- Expected commissioning by Summer 2023 strengthens project timelines.
- None.
Two
The order, totaling 1.2 megawatts (MWs), will be deployed to an on-site power plant for an industrial manufacturer in
“We continue to draw on our long history of advanced engineering to be a cutting-edge provider of low carbon solutions and technology through our multiple product lines, each helping different types of customers in
Two ultra-low emission Capstone ICHP C600S microturbine-based systems will provide 1.2 MWs of clean and resilient power, resulting in increased efficiency, enabling the manufacturer to reduce its carbon footprint while increasing operational efficiencies. The microturbines will be installed in a highly-efficient trigeneration application and supply energy in three forms: electricity, heat and chilled water. The application provides the best economic value to the customer and is designed to lower energy costs, increase resiliency and reduce greenhouse gas emissions.
“Cal Microturbine is extremely excited about the piqued interest and recent influx of Capstone microturbine's we've secured this year for
“This order launches Cal Microturbine to a combined 8,240 kW of sold Capstone units to date in calendar 2022. And we are thrilled with the opportunity to continue our pilgrimage of converting as many businesses to
After a thorough analysis comparing various distributed generation technologies, operators ultimately chose low-emission Capstone microturbines as the ideal solution for their scalability, resiliency, and ability to reduce energy costs. In addition, Capstone's microturbine technology can be deployed in a number of weeks as opposed to months or years and at a cost typically lower than the local grid.
About
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
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 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20220809005545/en/
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com
Source:
FAQ
What is the significance of Capstone Green Energy's latest order for CGRN?
When will the Capstone microturbines be commissioned?
How does the CCHP application benefit Capstone's customers?