Capstone Green Energy to Provide Combined Heating and Power Microturbine System to an Alaskan Municipality
Capstone Green Energy Corporation (NASDAQ: CGRN) announced an order for five 65 kW integrated heating and power microturbines from its Alaska distributor, Arctic Energy, Inc. This system will supply heat and power to a waste management facility in Anchorage, ensuring operational resilience even in extreme winter weather. The microturbines will provide a total of 325 kW and can switch to backup power if the local grid fails. The project is expected to be commissioned in September 2022, contributing to cost savings and energy efficiency for the municipality.
- Secured an order for five 65 kW microturbines, enhancing operational resilience.
- Total output of 325 kW will stabilize power supply for critical infrastructure.
- Expected commissioning in September 2022 aligns with municipality's expansion plans.
- Promotes energy efficiency, cost reduction, and hedge against rising utility rates.
- None.
Low Emission Energy System Will Provide Year-Round Heat and Power in Parallel with Utility
Fueled by natural gas, the microturbine-based energy array will run in "multi-pack," providing 325 kW of power as it operates primarily in parallel with the local utility. Using Capstone's automatic dual-mode capabilities, the system will be able to automatically switch to standalone backup power in the event of a local grid failure. The system is expected to be commissioned in
The customer pursued the new power system as part of its plan to expand one of its main facilities. This presented an opportunity to establish new energy efficiencies that had not previously been part of the site. After considering solar and battery storage options, it was determined that a combined heat and power or CHP system would be the most reliable and economical solution. Though solar and battery integration will be possible in the future, they will not be part of the current configuration.
Once the customer decided on what kind of power system they would implement, they ultimately chose Capstone's technology for its simplicity of design and installation, high efficiency, low noise impact, and minimal maintenance needs. Even as other system features were removed from the design for cost needs, the Capstone units remained.
Overall, the system will help the municipality reduce costs by providing a hedge against rising utility rates. Cost reduction will also be achieved through the inherent efficiency of the CHP system and the high reliability/low maintenance qualities of the microturbines. Arctic Energy provided essential support to the customer in calculating the economics and handling the project design.
"Arctic Energy is proud to be part of the municipality’s energy savings and management progress," said
"Municipalities have tremendous opportunity to leverage the cost efficiencies and reliability of CHP, especially in light of growing constraints on the utilities," said
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
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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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