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) has announced a follow-on order for two microturbines totaling 1.6 megawatts (MWs) from DTC Solutions, its exclusive distributor in Mexico. These microturbines will be used in a combined heat and power application at a Guadalajara facility, providing reliable power and thermal energy. The investment promises energy savings of approximately 62% and a return on investment within three years. Additionally, the sale includes a 10-year Factory Protection Plan for maintenance, underlining Capstone's commitment to its EaaS business model.
Capstone Green Energy (NASDAQ: CGRN) announced an order for two C200S natural gas systems from Horizon Power Systems, its exclusive distributor in the Rocky Mountain States and Western Canada. This order marks a strategic shift as the systems will be rented to oil and gas customers to provide cleaner, reliable power at remote sites. Capstone's microturbine technology, recognized for its low emissions and high efficiency, is crucial for reducing operational costs and environmental impact in the oil sector. The systems are expected to be operational in Q3 2022.
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.
Capstone Green Energy Corporation (NASDAQ: CGRN) announced two 36-month Energy-as-a-Service (EaaS) contracts with a cryptocurrency mining company, focusing on reducing environmental impact. The agreement utilizes on-site waste gas for Capstone microturbines, enhancing emissions reduction and operational savings. This move aligns with Capstone's growth strategy, emphasizing higher margins and predictable revenue streams. The company has saved customers approximately
Capstone Green Energy Corporation (NASDAQ: CGRN) has secured orders for its microturbine systems from two new customers in the education and agriculture sectors in Southern California. The installations will include one C600S unit for education and two C1000S units for agriculture, expected to be operational by early 2023. Capstone's technology is chosen for its low emissions and lifecycle cost savings, enhancing energy reliability and cost predictability for clients. This move underscores Capstone's commitment to clean energy solutions and its expanding market presence.
Capstone Green Energy Corporation (NASDAQ:CGRN) has announced a significant order from Innovative Energy Company Limited for a hybrid PV solar and microturbine trigeneration system at a hotel complex in Jamaica. This system is projected to reduce energy costs by over 45%, providing 2.25 MW of peak electrical capacity, domestic hot water, and cooling for the hotel. The project is set to lower greenhouse gas emissions by 31%, equating to a reduction of 1,154 metric tons of CO2e annually. The hotel is also protected under a 20-year Factory Protection Plan.
Capstone Green Energy Corporation (NASDAQ:CGRN) announced two significant waste-to-energy projects in Sardinia, Italy, through its exclusive distributor, IBT Connecting Energies GmbH. These projects will utilize three C65 microturbines at wastewater treatment facilities operated by Acciona Agua SA, expected to be commissioned in December 2022. The installations aim to reduce reliance on fossil fuels by converting biogas from municipal solid waste into power, enhancing energy efficiency and sustainability in the region.
Capstone Green Energy Corporation (NASDAQ:CGRN) announced the securing of six orders for C65 microturbines in California, focusing on the agriculture, oil and gas, and hospitality sectors. The installations comprise 16 units expected to be operational in early 2023, providing low-emission power and energy cost reductions. Capstone's microturbines can also utilize a blend of hydrogen fuel. The company emphasizes its role in delivering clean energy solutions that lower costs and carbon emissions for various industries.
Capstone Green Energy Corporation (NASDAQ: CGRN) will present at the H.C. Wainwright Global Investment Conference on May 24, 2022, at 10:30 AM ET. The hybrid event runs from May 23-26, 2022, at the Fontainebleau Hotel, Miami Beach, featuring over 500 corporate presentations. CEO Darren Jamison will provide updates on corporate achievements including Energy as a Service. One-on-one meetings with management are available for qualified investors. The webcast will be available post-event for 90 days.
Capstone Green Energy Corporation (NASDAQ: CGRN) will present at the Sidoti May Micro Cap Virtual Investor Conference on
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