Capstone Green Energy Corporation - CGRN STOCK NEWS

Capstone Green Energy Corporation (NASDAQ: CGRN) has secured a new contract with a West Texas energy company through its distributor, Lone Star Power Solutions. This agreement follows a previous 3.6 MW Energy-as-a-Service (EaaS) contract and involves providing an additional C800S microturbine.

The EaaS model is gaining traction as it allows customers to manage capital investments while ensuring reliable, low-emission energy. Capstone's offerings have reportedly reduced emissions by 90% compared to previous solutions, while also providing predictable revenues for the company. As of FY22, the company saved clients over $213 million in energy costs and 388,000 tons of carbon emissions.

Capstone Green Energy (NASDAQ: CGRN) announced a new order for a biogas-fueled C600 Signature Series microturbine from its distributor E-Finity Distributed Generation. The system will utilize an Alfa Laval micro heat exchanger to significantly enhance biogas production efficiency by increasing the thermal oil temperature by 40%. Scheduled for commissioning in late 2023, this installation reflects a growing global demand for biogas solutions. Capstone's President, Darren Jamison, emphasized the importance of innovative energy systems in managing costs and reducing emissions. Additionally, Capstone has saved customers approximately $213 million in energy costs and 388,000 tons of carbon emissions in FY22 alone.

Capstone Green Energy Corporation (NASDAQ: CGRN), a leader in carbon reduction and green energy solutions, will join Renmark Financial Communications' Virtual Non-Deal Roadshow on March 29 at 12:00 p.m. MT. The presentation will detail the company’s latest investor insights and features CEO Darren Jamison and CFO John Juric. Stakeholders are encouraged to register for live attendance, as participation may be limited. Recordings of the event will be available on the company’s Investor Relations page post-event. Capstone has delivered over 10,000 units globally, saving clients $213 million in energy costs and reducing carbon emissions significantly.

Capstone Green Energy (NASDAQ: CGRN) announced three orders for its C1000 Signature Series microturbines, highlighting the product's versatility in various sectors including oil and gas, breweries, and renewable natural gas processing. The first unit will reduce power costs and flaring at an oil production site. The second will replace an unreliable generator at a brewery, lowering emissions. The third unit will be installed at a landfill to convert gas into renewable fuels. These applications demonstrate significant financial benefits and contribute to greenhouse gas reductions, supporting Capstone's commitment to sustainable energy solutions.

Capstone Green Energy Corporation (NASDAQ: CGRN) announced a repeat order for two C1000 Signature Series microturbines, representing the 16th and 17th units ordered by the same gas pipeline customer. This order, facilitated by Horizon Power Systems, is set for commissioning in Q3 2023. The customer has relied on Capstone's technology since 2010 for low-emission power at remote facilities. The existing fleet boasts an average uptime of 99%, even during severe weather. Capstone has shipped over 10,000 units globally, saving customers approximately $911 million in energy costs and 1.5 million tons of carbon emissions in recent years.

Capstone Green Energy Corporation (NASDAQ: CGRN) has announced new orders from Arctic Energy for its microturbine technology in Alaska. The orders include a C600S microturbine for a major oil production site in the North Slope and two C65 offshore microturbines for platforms in Cook Inlet. The C600S is set for commissioning in summer 2023, while the C65 systems will be commissioned in the fall. These contracts highlight the demand for Capstone's low-emission and efficient energy solutions in the oil and gas sector.

Capstone Green Energy Corporation (NASDAQ: CGRN) announced the appointment of John J. Juric as the new Chief Financial Officer (CFO), effective March 6, 2023. Juric brings over 25 years of finance experience and has held senior finance roles in various industries. He will oversee financial operations including reporting, budgeting, and treasury management while collaborating with the executive team to align financial strategies with the company's goals. The leadership expressed confidence in Juric's ability to drive growth and profitability, enhancing long-term value for shareholders.

Capstone Green Energy Corporation (NASDAQ: CGRN) announced a new order for a C1000S microturbine rental package, contributing to more than 50 MW in total Energy-as-a-Service (EaaS) contracts. This package will be deployed in an Ecuadorean oil field by early April, aimed at replacing a diesel generator. The microturbine will generate clean electricity using associated gas from the pipeline, providing 100% of the site's electricity needs. This technology improves reliability, reduces operational costs, and minimizes flare emissions, making it a sustainable choice for oil and gas operators.