Capstone Green Energy Corporation - CGRN STOCK NEWS

Capstone Green Energy Corporation (NASDAQ:CGRN) has secured an order for a 600 kW energy solution system to be installed at a food processing facility in Bamako, Mali, expected to be operational by May 2022. This system will utilize liquefied petroleum gas (LPG) as a cleaner and cost-effective alternative to diesel, addressing power reliability issues. Capstone aims to leverage its technology to reduce energy costs and environmental impact, emphasizing its focus on enhancing energy efficiency in various global markets.

Capstone Green Energy Corporation (NASDAQ:CGRN) announced a contract via its distributor, Lone Star Power Solutions, to install a 600kW Combined Heat and Power (CHP) system at a major hospital in Alabama, expected to launch in Spring 2022. The microturbine-based system will utilize low-pressure natural gas and produce both electricity and hot water, enhancing energy efficiency. This initiative aims to lower operational costs and reduce greenhouse gas emissions, comparable to removing 245 cars from the road annually.

Capstone Green Energy Corporation (NASDAQ:CGRN) announced a 10-year Parts and Labor Factory Protection Plan service contract with Horizon Power Systems for a C800S energy system at a remote gas compression station in New Mexico. This contract protects against future cost increases and ensures compliance with air quality standards.

The C800S, operational since October 2020, provides reliable power and meets emissions regulations. The service contract enhances the company’s Energy as a Service model, targeting long-term profitability and operational efficiency.

Capstone Green Energy Corporation (NASDAQ:CGRN) announced its participation in the Capital One Securities 16th Annual Energy Conference on December 8, 2021. Management will be available for virtual one-on-one meetings with registered investors. Capstone is a leader in carbon reduction and on-site energy solutions, providing customized microgrid systems, energy generation technologies, and hydrogen products. To date, Capstone has shipped over 10,000 units globally, saving customers approximately $698 million in energy costs and reducing carbon emissions by approximately 1,115,100 tons.

Capstone Green Energy Corporation (NASDAQ:CGRN) has secured a contract with IFG Asota to provide a Combined Heat and Power (CHP) system for its fiber manufacturing plant in Linz, Austria. The system, designed around a Capstone C600S, will generate on-site power and utilize exhaust heat to produce steam, enhancing sustainability. This contract includes a 10-year Factory Protection Plan, ensuring predictable maintenance costs. Capstone's technology supports reduced emissions and includes hydrogen as a renewable fuel, contributing to the company's commitment to green energy solutions.

Capstone Green Energy Corporation (NASDAQ:CGRN) has announced a strategic licensing and manufacturing agreement with PowerTap Hydrogen Capital Corp. (OTC PINK:MOTNF). This collaboration aims to enhance on-site hydrogen production and fueling solutions. Capstone will manufacture PowerTap's patented Steam Methane Reforming technology for natural gas-based hydrogen production. This partnership will support both companies' goals in the hydrogen economy, enabling cost-effective, low-emission energy solutions. Capstone's hydrogen initiatives are part of its broader strategy to meet carbon reduction targets.

Capstone Green Energy Corporation (NASDAQ:CGRN) announced a follow-on order for an 800kW energy system at the Noksan Sewage Treatment Plant in Busan, Korea, from its distributor CY Tech. This installation builds on a previous successful deployment of a 600kW system at another local site. The new system will help the plant, capable of processing 160,000 m3/day of sludge, become energy self-sufficient using biogas. Projected commissioning is in September 2022. The choice highlights the technology's low noise and environmental impact.

Capstone Green Energy Corporation (NASDAQ:CGRN) has partnered with Servelect to provide a Combined Heat and Power (CHP) system for Compania Aquaserv S.A. in Romania. This contract includes one C600S microturbine powered by biogas and a C200S microturbine fueled by high-pressure natural gas. The project aims to enhance energy efficiency at a wastewater treatment plant, reducing operational costs and carbon emissions. Funded by EEA and Norwegian grants, the system will be commissioned in March 2022, providing 800 kWe electric and 1500 kWth thermal power.

Capstone Green Energy reported financial results for Q2 FY2022, showcasing a 15% revenue growth quarter-over-quarter and 14% year-over-year, totaling $17.2 million. New gross product orders reached $10.8 million, reflecting a solid book-to-bill ratio of 1.3:1. Despite increases in revenue, the net loss widened to $6.0 million from $4.2 million a year earlier, driven by higher operating expenses including a one-time legal settlement. Cash reserves decreased to $38.3 million as of September 30, 2021. The company aims to grow its rental fleet significantly by fiscal year-end.