Capstone Green Energy to Provide Highly Efficient 1.2 MW Power Generation Solution to Illinois Natural Gas Storage Facility
Capstone Green Energy Corporation (NASDAQ: CGRN) announced a 1.2 MW energy system order from a northern Illinois gas utility through distributor Vergent Power Solutions. This system, powered by high-pressure natural gas, includes two Capstone C600 Signature Series microturbines, chosen for their ultra-low emissions and low maintenance. Once operational in fall 2022, the system will provide standalone electricity. This project emphasizes Capstone's commitment to reducing environmental impact and offering low-carbon energy solutions.
- Secured order for a 1.2 MW energy system, enhancing market presence.
- Selection of Capstone microturbines for their ultra-low emissions and low maintenance.
- Project expected to significantly improve client's environmental footprint.
- None.
Ultra-Low Emissions and Low Maintenance Were Key Factors in Microturbine Selection
Facing the challenges of powering the site with aging traditional reciprocating engines, the client looked for a more reliable, lower maintenance, and greener energy solution. The new solution, which features two Capstone C600 Signature Series microturbines fueled by the facility's available high-pressure natural gas, will be the site's only source of electricity, providing standalone power around the clock once it is commissioned in the fall of 2022. A significant factor in the client’s decision to select Capstone microturbines is the system’s ultra-low emission and quiet operation, enabling them to improve their environmental footprint.
"Gas utilities can be at the forefront of lowering emissions of the country's energy supply, in the same fashion as electric utilities that are adding low-carbon power generation to the power grid," said
"More and more, utilities are finding that Capstone microturbines are an ideal, cost-effective power solution, particularly where there is an existing on-site fuel source," 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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