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Capstone Green Energy Corporation (NASDAQ:CGRN) has outlined its goals for hydrogen product development and is actively pursuing external funding through government programs. With patented technology, Capstone aims to provide innovative energy solutions, focusing on hydrogen conversion and hybrid systems. The company has launched its first hydrogen-based Combined Heat and Power product, targeting further advancements in hydrogen mixtures by March 2022. Capstone has saved customers an estimated $698 million in annual energy costs and reduced carbon emissions by approximately 1,115,100 tons over its 20-year history.
Capstone Turbine Corporation (NASDAQ:CPST) announced significant energy savings and carbon reduction achievements for Fiscal 2021. The Company estimates savings of over $217 million in energy costs and a reduction of approximately 397,000 tons of carbon emissions for its customers. Over the past three years, total savings reached $698 million and carbon reductions of about 1,115,100 tons. Capstone's microturbines offer 40% annual energy savings and enhanced energy resilience, reflecting their commitment to environmental sustainability and cost efficiency.
Capstone Turbine Corporation, a leader in clean technology microturbine energy systems, announced its virtual presentation at the Zooming with LD event on April 14, 2021. CEO Darren Jamison will discuss preliminary financial results for Q4, reporting revenues of $17.8 million, a 53% increase from the previous year. The company's gross product book-to-bill ratio improved to 1.5:1 from 0.9:1, reflecting economic recovery. Investors can participate by registering online. For further details, visit the Capstone website.
Capstone Turbine Corporation (NASDAQ:CPST) reported preliminary Q4 fiscal results for the period ended March 31, 2021, showing a strong 53% year-over-year revenue increase to $17.8 million. The product book-to-bill ratio rose to 1.5:1, highlighting a recovery in demand driven by economic conditions. Cash reserves improved to $49.5 million from $32.0 million due to a stock issuance and a $5.0 million legal settlement. Additionally, the company plans to set aside $5.0 million for replacing high-risk components in its products.
Capstone Turbine Corporation (NASDAQ: CPST) has secured an order for a C600 Signature Series microturbine for a Russian data center, expected to be operational by October 2021. This installation is part of the company's growth strategy in Eastern Europe and demonstrates its commitment to high-efficiency energy solutions. The trigeneration system will provide 24/7 electricity, hot water, and chilled water, ensuring reliable power even during outages. Capstone's innovative technology aims to reduce operational costs and greenhouse gas emissions in the data center sector.
Capstone Turbine Corporation (NASDAQ:CPST) announced its participation in the Noble Capital Markets Virtual Road Show on April 6, 2021. CEO Darren Jamison will present on the company's recent revenue growth and discuss their Revenue Growth Strategy.
Jamison anticipates that the Biden administration's green initiatives, including rejoining the Paris climate accord, will benefit companies like Capstone. Registration is free for all investors interested in the live broadcast scheduled for 1 PM EDT.
Capstone Turbine Corporation (NASDAQ:CPST) has secured its first industrial microturbine installation in Saudi Arabia, with an order from Radian Oil and Gas Services for a Capstone C400 Signature Series microturbine. This microturbine will be used at Ma'aden Aluminum's smelting operation, set for commissioning in June 2021. The installation supports Saudi Arabia's Vision 2030 initiative, emphasizing low emissions and corporate responsibility. This milestone enhances Capstone's presence in the Middle East, with potential for further projects with Ma'aden.
Capstone Turbine Corporation (NASDAQ: CPST) will present at the Sidoti Spring 2021 Virtual Conference on March 24, 2021, at 4:00 PM ET. CEO Darren Jamison will discuss Capstone's role in providing clean energy solutions, emphasizing the importance of energy cost savings and carbon footprint reductions. He highlighted recent power outages in Texas affecting millions as a reminder of the growing need for energy resiliency. Investors can register for the presentation and schedule one-on-one meetings with management at the conference.
Capstone Turbine Corporation (NASDAQ:CPST) announced an order for a five-bay C600 Signature Series microturbine for a combined heat and power application in Mexico. This order increases Capstone's fleet in Mexico to over 46 Megawatts (MW). The company aims to provide reliable power and thermal energy, addressing the growing energy demand due to Mexico's increasing population and economic growth. With over 100 projects completed, Capstone focuses on energy efficiency and sustainability in the manufacturing sector, which is expected to grow despite pandemic disruptions.
Capstone Turbine Corporation (NASDAQ: CPST) has received its first order under a new OEM agreement with B+K for its microturbine systems. This partnership aims to integrate Capstone's technology into B+K's ClinX product, which utilizes renewable materials instead of fossil fuels, thereby reducing CO2 emissions. The ClinX system is designed for decentralized energy applications and features Capstone's proven C65 and C200 microturbines. Capstone is committed to green energy solutions while ensuring compliance with air quality standards.
