Capstone Green Energy to Provide Systems to Japanese Industrial Manufacturer
Capstone Green Energy Corporation (NASDAQ: CGRN) has secured a contract through its Japanese distributor, Kanamoto, to provide seven C65 microturbine systems for a chemical company in Japan. These systems will replace units that have operated for 80,000 hours and will enhance energy efficiency by utilizing Combined Heat and Power (CHP) technology. The new systems are expected to be commissioned in July 2022. The company emphasizes the financial benefits and environmental advantages of these microturbines in optimizing operational costs.
- Secured contract for seven C65 microturbine systems in Japan.
- Replacement units enhance efficiency with Combined Heat and Power (CHP) technology.
- Expected commissioning in July 2022 indicates prompt execution.
- None.
Seven C65 Units will Replace Systems that Reached 80,000 Hours of Operation
44 Capstone C65 CHP Systems Installed at Chemical Plant in
Out of 44 Capstone units currently in operation at the Japanese site, the new systems will replace seven units that have reached 80,000 hours of continuous service. The units were previously covered by a 10-year Factory Protection Plan (FPP) that ended in
Fueled by high-pressure natural gas (HPNG), the new systems will be designed to provide Combined Heat and Power (CHP), providing maximum efficiency in the production process for which the power will be used. At the same time, the waste heat produced by the microturbines will be captured and used for drying processes required by the chemical plant, a site that has been in operation for 20 years.
The new systems are expected to be commissioned in
"The
"The implementation of a CHP system is an efficient, cost-effective investment an industrial site can make to improve its financial bottom line," 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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