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 secured an order for two C1000S microturbine systems from a Caribbean government water authority. This 2 MW system will enhance water security and provide emergency power to pumping stations. Scheduled for commissioning by the end of 2022, this initiative addresses high power costs and grid unreliability in the Caribbean. The microturbines offer superior performance with lower operational costs, no lubricants needed, and increased reliability, ensuring critical infrastructure remains powered during outages.
Capstone Green Energy Corporation (NASDAQ: CGRN) announced an order for five 65 kW integrated heating and power microturbines from its Alaska distributor, Arctic Energy, Inc. This system will supply heat and power to a waste management facility in Anchorage, ensuring operational resilience even in extreme winter weather. The microturbines will provide a total of 325 kW and can switch to backup power if the local grid fails. The project is expected to be commissioned in September 2022, contributing to cost savings and energy efficiency for the municipality.
Capstone Green Energy Corporation (NASDAQ: CGRN) has expanded its Energy-as-a-Service (EaaS) business with a new 600 kW microturbine-based rental contract for one of North America's largest energy infrastructure firms. This six-month agreement represents the company's sixth order from this customer, emphasizing its commitment to environmentally friendly and reliable energy solutions. The microturbine system will power remote operations along a Colorado pipeline and includes Capstone's Factory Protection Plan for maintenance support. Capstone aims to enhance its revenue diversification through EaaS.
Capstone Green Energy Corporation (NASDAQ: CGRN) will participate in the Disruptive Tech Leadership Call Series hosted by Chardan on April 20, 2022, at 3:30 pm ET. CEO Darren Jamison will discuss the company's growth and its Energy-as-a-Service solutions aimed at enhancing green energy practices globally. Key highlights include achieving a 30% Hydrogen blend compatibility goal and a target of 21 megawatts for long-term rental units. Interested investors can attend by emailing corpaccess@chardan.com.
Capstone Green Energy Corporation (NASDAQ: CGRN) announced an order for ten C65 microturbine systems from E-Finity Distributed Generation, to be deployed at oil and gas wellhead sites in the Marcellus Shale region. These natural gas-fueled systems will provide continuous power and reduce operational costs. Over the past three years, Capstone has saved customers an estimated 1,115,100 tons of carbon and $698 million in energy costs. The microturbine systems are recognized for their low emissions, meeting stringent environmental regulations while enhancing reliability.
Capstone Green Energy Corporation (NASDAQ: CGRN) announced that its microturbine systems can operate on a blend of 30% hydrogen and natural gas without modifications, according to findings from a partnership with the U.S. Department of Energy and Argonne National Laboratory. This achievement supports the shift towards a hydrogen economy and complements renewable energy production. The U.S. Government has allocated nearly
Capstone Green Energy Corporation (NASDAQ: CGRN) has secured a long-term Energy-as-a-Service (EaaS) contract with a cryptocurrency mining company aiming to reduce environmental impact. This contract exemplifies the company’s dedication to providing sustainable energy solutions, contributing an estimated savings of $698 million in annual energy costs and over 1,115,100 tons of CO2 reductions in the last three years. The use of waste gas in Capstone's microturbines enhances efficiency and lowers emissions, aligning with the company's vision for cleaner energy.
Capstone Green Energy Corporation (NASDAQ: CGRN) announced the certification of its C65 and C200 inverters for California's Rule 21, aligning with new power generation communication requirements. This achievement builds on previous certifications, enhancing Capstone's position in meeting evolving global grid standards. The certification enables remote monitoring and communication for utility connections, reinforcing Capstone's commitment to innovation. The company also emphasizes cross-departmental collaboration crucial for addressing diverse international grid interconnect needs.
Capstone Green Energy Corporation (NASDAQ: CGRN) has secured a one megawatt (MW) order for a C1000S system from TCR2 Therapeutics. This order highlights the growth of the low-emission microturbine market, with the project supporting TCR2's new cell therapy manufacturing facility in Rockville, Maryland. The system will provide reliable power, including emergency backup during outages, and has qualified for financial support, reducing costs and payback duration. The commissioning is scheduled for January 2023, showcasing Capstone's commitment to energy efficiency and sustainability.
Capstone Green Energy Corporation (NASDAQ: CGRN) has announced a significant contract with distributor Vergent Power Solutions to install a one-megawatt microturbine system at a landfill gas-to-energy project in New England. This initiative aims to convert landfill gas into electricity for municipal facilities, reducing greenhouse gas emissions by 3,500 tons annually. The project is slated for commissioning in early 2023, demonstrating Capstone's commitment to sustainable energy solutions and providing a continuous revenue source for the city.
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