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Mainspring Energy Expands Operations to Texas with Agreement to Deploy Linear Generators at Five Lineage Facilities

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Mainspring Energy Inc. has announced an agreement with Lineage (NASDAQ: LINE) to deploy 33 Mainspring Linear Generators at five Lineage facilities in Texas. This marks Mainspring's first entry into the Texas energy market, scheduled for installation and operation in 2025. Lineage, the world's largest temperature-controlled warehouse REIT, has previously utilized Mainspring's technology in California and Northeast U.S. states.

The Mainspring Linear Generator offers fuel flexibility, capable of running on 100% hydrogen, biogas, natural gas, and propane without hardware changes. This technology provides local, modular power generation that is dispatchable, low-cost, and scalable to grid-level operations. The partnership aims to enhance Lineage's energy independence, sustainability, and cost control efforts.

Mainspring Energy Inc. ha annunciato un accordo con Lineage (NASDAQ: LINE) per installare 33 Mainspring Linear Generators in cinque strutture Lineage in Texas. Questo segna il primo ingresso di Mainspring nel mercato energetico del Texas, previsto per l'installazione e l'operatività nel 2025. Lineage, il più grande REIT al mondo per magazzini a temperatura controllata, ha già utilizzato la tecnologia di Mainspring in California e negli stati del Nord Est degli Stati Uniti.

Il Generatore Lineare Mainspring offre flessibilità nei combustibili, in grado di funzionare con il 100% di idrogeno, biogas, gas naturale e propano senza modifiche hardware. Questa tecnologia fornisce generazione di energia locale e modulare che è gestibile, a basso costo e scalabile per operazioni a livello di rete. La partnership mira a migliorare l'indipendenza energetica, la sostenibilità e il controllo dei costi di Lineage.

Mainspring Energy Inc. ha anunciado un acuerdo con Lineage (NASDAQ: LINE) para desplegar 33 Generadores Lineales Mainspring en cinco instalaciones de Lineage en Texas. Esto marca la primera entrada de Mainspring en el mercado energético de Texas, programada para instalación y operación en 2025. Lineage, el mayor REIT del mundo de almacenes con control de temperatura, ha utilizado anteriormente la tecnología de Mainspring en California y en los estados del noreste de EE. UU.

El Generador Lineal de Mainspring ofrece flexibilidad de combustible, capaz de funcionar con un 100% de hidrógeno, biogás, gas natural y propano sin cambios en el hardware. Esta tecnología proporciona generación de energía local y modular, que es despachable, de bajo costo y escalable a operaciones a nivel de red. La asociación tiene como objetivo mejorar la independencia energética, la sostenibilidad y el control de costos de Lineage.

Mainspring Energy Inc.는 Lineage(NASDAQ: LINE)와 협약을 체결하고 텍사스의 다섯 개 Lineage 시설에 33개의 Mainspring 선형 발전기를 설치한다고 발표했습니다. 이것은 Mainspring의 텍사스 에너지 시장 첫 진출을 의미하며, 2025년 설치 및 운영 예정입니다. 세계 최대의 온도 조절 창고 REIT인 Lineage는 이전에 캘리포니아와 미국 북동부 주에서 Mainspring의 기술을 활용했습니다.

Mainspring 선형 발전기는 연료 유연성을 제공하며, 100% 수소, 바이오가스, 천연가스 및 프로판으로 하드웨어 변경 없이 작동할 수 있습니다. 이 기술은 로컬 모듈형 전력 생성을 제공하며, 이는 발주 가능하고, 저비용이며, 그리드 수준의 운영에 확장 가능합니다. 이 파트너십은 Lineage의 에너지 독립성, 지속 가능성 및 비용 관리를 향상시키는 것을 목표로 하고 있습니다.

Mainspring Energy Inc. a annoncé un accord avec Lineage (NASDAQ: LINE) pour déployer 33 Mainspring Linear Generators dans cinq installations Lineage au Texas. Cela marque la première entrée de Mainspring sur le marché énergétique texan, prévue pour installation et opération en 2025. Lineage, le plus grand REIT au monde spécialisé dans les entrepôts à température contrôlée, a déjà utilisé la technologie Mainspring en Californie et dans le nord-est des États-Unis.

Le Générateur Linéaire Mainspring offre flexibilité de carburant, capable de fonctionner à 100 % d'hydrogène, de biogaz, de gaz naturel et de propane sans modifications matérielles. Cette technologie permet une production d'énergie locale et modulaire, qui est dispatchable, à faible coût et évolutive pour des opérations à l'échelle du réseau. Le partenariat vise à améliorer l'indépendance énergétique, la durabilité et le contrôle des coûts de Lineage.

Mainspring Energy Inc. hat eine Vereinbarung mit Lineage (NASDAQ: LINE) bekannt gegeben, um 33 Mainspring Linear Generators in fünf Lineage-Einrichtungen in Texas einzusetzen. Dies markiert den ersten Eintritt von Mainspring in den texanischen Energiemarkt, der für die Installation und den Betrieb im Jahr 2025 vorgesehen ist. Lineage, der größte temperaturkontrollierte Lager-REIT der Welt, hat Mainsprings Technologie zuvor in Kalifornien und im Nordosten der USA eingesetzt.

Der Mainspring Linear Generator bietet Brennstoffflexibilität und kann mit 100 % Wasserstoff, Biogas, Erdgas und Propan betrieben werden, ohne dass Hardwareänderungen erforderlich sind. Diese Technologie ermöglicht lokale, modulare Stromerzeugung, die abrufbar, kostengünstig und skalierbar für netzebene Operationen ist. Die Partnerschaft zielt darauf ab, die Energieunabhängigkeit, die Nachhaltigkeit und die Kostenkontrolle von Lineage zu verbessern.

Positive
  • Expansion into Texas, the largest energy producer and consumer in the U.S.
  • Agreement to deploy 33 Linear Generators at five Lineage facilities
  • Scheduled installation and operation in 2025
  • Fuel flexibility of Linear Generators, including 100% hydrogen capability
  • Potential for cost savings, added resilience, and energy sustainability for customers
Negative
  • None.

Insights

Mainspring Energy's expansion into Texas marks a significant milestone for the company's growth strategy. The deployment of 33 Linear Generators across five Lineage facilities demonstrates strong market validation for their technology. This move into the largest energy market in the U.S. could potentially accelerate Mainspring's market penetration and revenue growth.

The Linear Generator's fuel flexibility is a key differentiator, allowing for seamless transitions between various fuel types including 100% hydrogen. This adaptability positions Mainspring well in the evolving energy landscape, particularly as industries shift towards cleaner energy sources. The technology's ultra-low emissions and rapid deployment capabilities address critical pain points in the power generation sector, potentially leading to faster adoption rates and expanded market opportunities.

While specific financial figures are not disclosed, this agreement signifies potential revenue growth for Mainspring Energy. The deployment of 33 units represents a substantial order, likely translating to significant revenue recognition in 2025 when installations are completed. For Lineage (NASDAQ: LINE), this investment in onsite power generation could lead to long-term cost savings and improved operational efficiency, potentially boosting their bottom line.

Investors should note that Mainspring's expansion into Texas, the largest energy market in the U.S., could open doors to new customer segments and accelerate growth. The company's ability to secure a large-scale deployment with a major customer like Lineage demonstrates strong product-market fit and could attract attention from other potential clients, possibly leading to increased order volume and market share gains.

Mainspring's expansion in Texas aligns with the growing trend towards decentralized, cleaner energy solutions. The Linear Generator's ability to use multiple fuel types, including 100% hydrogen and biogas, positions it as a versatile tool for energy transition. This flexibility could be particularly valuable in Texas, where the energy mix is diverse and evolving.

The ultra-low emissions of Mainspring's technology address increasing regulatory pressures for cleaner energy solutions. Fast permitting due to low emissions is a significant advantage in a state known for its complex energy regulations. This expansion could serve as a case study for other states looking to balance energy needs with environmental concerns, potentially influencing future energy policies and accelerating the adoption of flexible, low-emission power generation technologies.

MENLO PARK, Calif., Sept. 18, 2024 /PRNewswire/ -- Onsite power generation provider Mainspring Energy Inc. today announced that its customer Lineage (NASDAQ: LINE), the world's largest temperature-controlled warehouse REIT, has signed an agreement to deploy 33 Mainspring Linear Generators in the state of Texas at five Lineage facilities. The products are scheduled to be installed and operating in 2025.

"We have deployed world leading innovations together and we are looking forward to expanding this success into Texas."

Lineage has pioneered the use of linear generators for onsite power independence, sustainability, and cost control, with multiple deployments at its facilities in California and several Northeast U.S. states to date. In late 2021 Lineage announced its first cold storage facility to produce 100% of its energy consumption on-site, using rooftop solar and Mainspring Linear Generators. This latest agreement marks the first deployment of Mainspring's innovative energy technology in Texas.

"Texas is the largest producer and largest consumer of energy in the U.S., and it's significant for Mainspring to move into this market with a customer as innovative as Lineage leading the way," said Adam Simpson, Mainspring Chief Commercial Officer. "Mainspring provides cost savings, added resilience, and energy sustainability for commercial and industrial companies as well as utilities and data centers. Our ultra low emissions enable fast permitting and rapid power deployment. We see a great opportunity to partner in Texas with customers  on a variety of innovative microgrid projects."

"The power flexibility, reliability, and control that Mainspring delivers is a valued part of our energy strategy," said Jesse Tootell, Director of Research & Development at Lineage. "We have deployed world leading innovations together and we are looking forward to expanding this success into Texas as Lineage creates a faster, smarter, and more reliable global cold chain." 

The Mainspring Linear Generator delivers unprecedented fuel-flexibility,  including the ability to directly run on and switch between 100% hydrogen as well as biogas and traditional fuels such as natural gas and propane without any impact to performance and without any hardware changes. It provides local, modular power generation that is dispatchable, low cost, and scalable to grid-level operations. The award-winning Mainspring products have delivered outstanding performance  in commercial operations since 2020.

About Mainspring

Mainspring Energy manufactures and delivers an innovative, fuel-flexible onsite power generator that rapidly adds new power capacity and accelerates the transition to the affordable, reliable, zero-carbon electric grid. The Mainspring Linear Generator is fully dispatchable and scalable from 250 kW to 100+MW, and it delivers on the potential of green hydrogen, ammonia, biogas and other fuels by generating low-cost, clean, resilient electricity. Customers include leading utilities and Fortune 500 companies. For more information, visit mainspringenergy.com.

Cision View original content:https://www.prnewswire.com/news-releases/mainspring-energy-expands-operations-to-texas-with-agreement-to-deploy-linear-generators-at-five-lineage-facilities-302248791.html

SOURCE Mainspring Energy, Inc.

FAQ

How many Mainspring Linear Generators will be deployed in Texas for Lineage (LINE)?

Mainspring Energy will deploy 33 Linear Generators at five Lineage facilities in Texas.

When are the Mainspring Linear Generators scheduled to be installed and operational for Lineage (LINE) in Texas?

The Linear Generators are scheduled to be installed and operating in 2025.

What types of fuel can Mainspring's Linear Generators use?

Mainspring's Linear Generators can run on and switch between 100% hydrogen, biogas, natural gas, and propane without hardware changes or performance impact.

Where has Lineage (LINE) previously deployed Mainspring's Linear Generators?

Lineage has previously deployed Mainspring's Linear Generators at its facilities in California and several Northeast U.S. states.

Lineage, Inc.

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