CPST - CPST STOCK NEWS

Capstone Turbine Corporation (NASDAQ:CPST) has secured a 5-year Factory Protection Plan (FPP) contract for 2 MW microturbines at a remote mineral water bottling plant in the South Pacific. The C1000 Signature Series microturbines will serve as the primary baseload power source, reducing reliance on diesel generators. Despite initial COVID-19 related delays, the project is progressing. Optimal Group Australia now manages a 14 MW fleet under FPP, enhancing its position among global distributors. Capstone’s FPP offers fixed maintenance costs, protecting customers from future price fluctuations.

Capstone Turbine Corporation (NASDAQ:CPST) announced an order for two C600S microturbines, totaling 1.2 MW, for CEMACON SA, a leader in Romania's construction materials sector. This order highlights a rebound in the European energy efficiency market post-COVID-19. The cogeneration plant will lower CEMACON's greenhouse gas emissions by at least 2,772 tons annually. The project is eligible for funding from the European Regional Development Fund, promoting energy efficiency and sustainable growth. Capstone's microturbines are designed for reducing energy consumption and environmental impact.

Capstone Turbine Corporation (NASDAQ:CPST) will present at the Wall Street Investor Conference on September 10, 2020, at 7:40 AM PT/10:40 AM ET. CEO Darren Jamison will discuss the company’s goal to improve adjusted EBITDA by $10M year-over-year, the European energy market rebound, and advancements in hydrogen product development in partnership with the U.S. Department of Energy. Interested institutional investors can schedule one-on-one meetings with management. The presentation materials will be available on Capstone's website in the Investor Relations section.

Capstone Turbine Corporation (NASDAQ:CPST) announced a long-term service contract for a 600 kW microturbine at a biogas purification plant in Tuscany, Italy, signed by exclusive distributor IBT Connecting Energies GmbH. This contract is part of a rebound in European energy markets post-COVID-19, as Capstone has secured various contracts across several countries. The company reported positive adjusted EBITDA with an almost $4 million improvement year-over-year. The Factory Protection Plan offers customers fixed-rate maintenance to protect against future cost increases, emphasizing Capstone's commitment to sustainable profitability.

Capstone Turbine Corporation (NASDAQ:CPST) announced a new order for two C200 Signature Series microturbines from KO-SI d.o.o., a manufacturer of natural textiles, secured by its distributor Laibach in Slovenia. The 400 kW order, expected to be commissioned by December 2020, underscores Capstone's market resilience in Europe post-COVID-19. The microturbines will enable KO-SI to achieve energy efficiency, reduce costs, and lower carbon emissions through combined heat and power (CHP) deployment, catering to the growing demand for sustainable solutions in the textile industry.

Capstone Turbine Corporation (NASDAQ:CPST) has signed a long-term service agreement for its C600 Signature Series microturbine in a food production facility in Italy. The contract is expected to save the facility over €300,000 annually in energy costs and reduce CO₂ emissions by 938 tons per year. During fiscal 2020, Capstone's technology generated estimated savings of $219 million in energy costs for customers and reduced carbon emissions by 368,000 tons. The new agreement signifies a recovery in the European market post-COVID-19, underscoring Capstone's commitment to energy efficiency and sustainability.

Capstone Turbine Corporation (NASDAQ:CPST) announced its participation in the LD 500 investor conference on September 2, 2020. CEO Darren Jamison will present Capstone's plan to achieve a $10M year-over-year adjusted EBITDA improvement despite the challenges posed by COVID-19. He will also update on the company's hydrogen product development in collaboration with the U.S. Department of Energy. Interested investors can schedule one-on-one meetings during the conference, taking place from September 1-4.

Capstone Turbine Corporation (NASDAQ:CPST) announced significant advancements in hydrogen-powered microturbine technology through collaboration with the U.S. Department of Energy's Argonne National Laboratory. Testing demonstrated the ability to operate with up to 70% hydrogen blended with natural gas using existing microturbine systems. Future tests aim for 100% hydrogen capability. This positions Capstone favorably in the push for decarbonization and green energy, allowing for immediate deployment without extensive infrastructure changes.

Capstone Turbine Corporation (NASDAQ:CPST) announced a significant 600 kW order for its Signature Series microturbine from a major medical equipment manufacturer in Mexico, coordinated by local distributor DTC Ecoenergía. This project aligns with Mexico's commitment to generate 35% of its energy from clean sources by 2024, as established in the General Climate Change Law. The microturbine will enhance energy efficiency by providing up to 95% of the facility’s electric consumption, facilitating reduced emissions and operational costs through its combined heat and power application.