Capstone Green Energy to Provide 16 Microturbine Units for California Customers as California Continues Its Shift to Green
Capstone Green Energy Corporation (NASDAQ:CGRN) announced the securing of six orders for C65 microturbines in California, focusing on the agriculture, oil and gas, and hospitality sectors. The installations comprise 16 units expected to be operational in early 2023, providing low-emission power and energy cost reductions. Capstone's microturbines can also utilize a blend of hydrogen fuel. The company emphasizes its role in delivering clean energy solutions that lower costs and carbon emissions for various industries.
- Secured six orders for C65 microturbines in California.
- Expectations of reduced energy costs and low emissions power for customers.
- Microturbines capable of running on a 30% hydrogen blend in the future.
- None.
Eco-friendly systems will reduce costs for businesses in agriculture and hospitality
In all cases, Capstone’s microturbine technology was selected for its ability to reduce energy costs while providing reliable, low emissions power. The microturbines will be fueled by natural gas but are capable of running on a
“Providing clean, reliable, and low-cost power to our clients is the foundation behind Cal Microturbine’s model. We believe that Capstone microturbines have the perfect anatomical structure to protect companies from the increased cost of power, from grid unreliability, and to help propel businesses forward in their pursuit to operate greener. This basket of projects in various industries underscores that California’s energy market agrees,” said Cal Microturbine Chief Executive Officer,
“We continue to draw on our long history of advanced engineering to be a cutting-edge provider of clean energy solutions and technology through our multiple product lines, each helping different types of customers in
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
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FAQ
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