Welcome to our dedicated page for Capstone Green Energy Corporation news (Ticker: CGRN), a resource for investors and traders seeking the latest updates and insights on Capstone Green Energy Corporation stock.
Capstone Green Energy Corporation (NASDAQ: CGRN) is a pioneering force in the development and manufacturing of clean and green microturbine power generation systems. Formerly known as Capstone Turbine Corporation, Capstone Green Energy has established itself as the world's leading provider of high-efficiency air bearing turbine technology.
Headquartered in Los Angeles, California, the company has successfully shipped thousands of microturbines to customers across the globe. These innovative and award-winning systems boast millions of documented runtime operating hours and adhere strictly to current and future emissions regulations. With an extensive network of over 86 distributors worldwide, Capstone provides low-emission microturbines that serve a variety of vertical markets with unmatched reliability and efficiency.
Capstone Green Energy's product lineup includes scalable solutions ranging from 30kW to 30MW, capable of operating on a diverse array of gaseous or liquid fuels. This versatility makes Capstone’s microturbines an ideal solution for today's distributed generation needs. The company is also a proud member of the U.S. Environmental Protection Agency’s Combined Heat and Power Partnership, demonstrating its commitment to improving energy efficiency and environmental performance.
However, recent developments have presented significant challenges for Capstone. On September 29, 2023, the company announced its filing for Chapter 11 bankruptcy protection. Additionally, the company received a delisting notice from the Nasdaq Stock Market due to non-compliance with Listing Rule 5550(b)(2), effective October 5, 2023. Capstone Green Energy's stock is currently trading at $0.50.
The Law Firm of KlaymanToskes has offered recovery options for investors who suffered losses due to their broker or investment advisor’s recommendations regarding Capstone Green Energy. Investors are encouraged to contact the firm for a free and confidential consultation to discuss recovery options.
Capstone Green Energy Corporation (NASDAQ:CGRN) announced the order of four C1000 Signature Series microturbines for the first tire recycling plant in Scotland. This groundbreaking facility, covering 10 acres, will utilize five microturbines to produce 5MW of clean power, enhancing carbon reduction efforts. The project aims to save more than one million tons of carbon emissions annually, facilitating Scotland's net carbon goals. The collaboration includes SSH Recycling and ICDP Architects, highlighting innovative energy solutions to repurpose used rubber efficiently.
Capstone Green Energy Corporation (NASDAQ:CGRN) will announce its financial results for the second quarter of fiscal year 2022, ending September 30, 2021, on November 10, 2021, after market close. A live webcast discussing these results will be held at 1:45 PM PT (4:45 PM ET) on the same day. Capstone specializes in green energy solutions, offering customized microgrid systems and energy technologies aimed at achieving environmental and energy efficiency goals. The company claims to have saved customers over $217 million in annual energy costs and prevented approximately 397,000 tons of carbon emissions in FY21.
Capstone Green Energy Corporation (NASDAQ:CGRN) announced an order for three C65 microturbines in Italy, partnering with IBT Connecting Energies and S4E System. This project will create a cutting-edge combined cooling, heat and power (CCHP) microgrid with electric vehicle (EV) charging stations, expected to reduce greenhouse gas emissions by over 1,000 tons annually. The project aims for commissioning in March 2022 and highlights Capstone's commitment to sustainable energy solutions.
Capstone Green Energy (NASDAQ:CGRN) has extended its strategic partnership with Baker Hughes to enhance its offerings of hydrogen-capable turbine systems. This agreement allows Capstone to provide customized energy solutions exceeding its microturbine capabilities across the U.S. and Canada. The partnership aligns with their shared focus on low emissions and cost-efficient energy solutions. Capstone is also conducting lab tests on a 30% hydrogen blend, aiming for commercial release by March 2022, which could significantly contribute to energy independence and environmental sustainability.
Creek Road Miners, Inc. (OTCQB:CRKR) has announced the successful completion and deployment of its first commercial-scale cryptocurrency mining facility. Mining at a rate of 16 Petahash per second, the company has generated its initial Bitcoin revenue. This unique mobile operation utilizes Antminer S19 Pros and is powered by a one-megawatt natural gas turbine from Capstone Green Energy Corporation (NASDAQ:CGRN). The facility's mobility allows it to capitalize on unutilized energy sources, enhancing operational flexibility.
Capstone Green Energy Corporation (NASDAQ:CGRN) announced a significant order secured by Supernova Energy Services for a three-bay C400 Signature Series microturbine in Colombia. This project aims to provide electricity and cooling for Llanogas, a natural gas utility company, showcasing the first district cooling application in the country. The initiative reflects Capstone's commitment to carbon reduction and energy efficiency, promising lower emissions and enhanced energy reliability. The successful outcome of a previous pilot project led to this expansion, anticipating positive impacts on the regional energy landscape.
Capstone Green Energy Corporation (NASDAQ:CGRN) announced the signing of four new long-term rental contracts totaling 3.2 MW in clean energy systems, aimed at expanding its rental fleet from 13.1 MW to 17.1 MW by December 31, 2021. These contracts cater to the hospitality and industrial grow house markets, reinforcing Capstone's Energy as a Service (EaaS) model. Management aims to further grow the fleet to 21.1 MW by March 31, 2022, indicating a strategic focus on increasing profitability through rental agreements.
Capstone Green Energy Corporation (NASDAQ:CGRN) is set to present at the 14th annual LD Micro Main Event on October 12, 2021, at 10:00 AM PT in Los Angeles. CEO Darren Jamison will discuss the company's transition and its Energy as a Service model, emphasizing its commitment to green energy solutions. The conference will showcase about 150 companies and run from October 12-14. Interested investors can register for virtual meetings and access presentation materials on the company's website.
Capstone Green Energy Corporation (NASDAQ:CGRN) has secured a contract for a 2 Megawatt CCHP system at a Maryland cultivation facility. This system will consist of two C1000S microturbines, generating 880 tons of cooling capacity and ensuring continuous operation even during power outages. The project, facilitated by E-Finity, is set for commissioning in summer 2022. It promises substantial savings, estimated in millions, and aims to reduce CO2 emissions by over 13 million pounds annually. The initiative reflects growing opportunities in on-site green energy for the industrial sector.
Capstone Green Energy Corporation (NASDAQ:CGRN) has secured a contract with Supernova Energy Services for three 200-kW microturbines in Cartagena, Colombia, providing a total of 600 kW of trigeneration power to a luxury hotel. This clean energy system will contribute to carbon emission reductions of around 4,000 tons annually. Plans for expanding the system to 1 MW are in place to meet future demand. The project underscores the hospitality sector's shift towards sustainable energy solutions, enhancing operational efficiency and competitive advantage.
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