Capstone Green Energy lands largest industrial growhouse order in its history with leading vertically integrated operator

LOS ANGELES–(BUSINESS WIRE)–Capstone Green Energy Company (NASDAQ: CGRN) continues to expand into the growing industrial growhouse sector with a new secure order for five C1000 Signature Series microturbines in upstate New York. The units will be deployed in two phases, with the first two megawatts (MW) coming online in late 2022 and the remaining three MW coming online in early 2023. The project marks the largest Capstone microturbine order in the greenhouse. expanding industry. industry and upon completion will become the third largest Capstone microturbine facility in the world.

The project was secured by RER systemsexclusive distributor of Capstone in New York, Connecticut and Ohio, and E-Finity Distributed Generation, the exclusive distributor for the Mid-Atlantic, Southeastern United States and the Caribbean, will enable the facility to generate reliable and cost-effective power on site, independent of the power grid. Additionally, Capstone’s low-emission microturbine technology meets New York’s stringent greenhouse gas emissions requirements.

Industrial cultivation and processing are energy-intensive operations, and utilities struggle to provide adequate and resilient energy to support growth. This problem is compounded for facilities located in remote areas where the infrastructure is not in place to meet the energy demands for cultivation operations. The five-megawatt microturbine solution will operate in stand-alone mode, allowing operators to avoid the vulnerabilities of a traditional power grid by generating power onsite at the source.

About Capstone Green Energy

green energy capstone (NASDAQ: CGRN) is a leading provider of custom microgrid solutions and onsite energy technology systems dedicated to helping customers around the world achieve their environmental, energy conservation and sustainability goals. resilience. Capstone Green Energy focuses on four key business areas. Through its Energy as a Service (EaaS) business, it offers rental solutions using its microturbine energy systems and battery storage systems, full-service Plant Protection Plan (FPP) contracts that guarantee life cycle costs, as well as spare parts. Power Generation Technologies (EGT) are driven by the company’s resilient, highly efficient, low-emission and industry-leading microturbine power systems, offering scalable solutions in addition to a broad range of bespoke solutions including hybrid power systems and larger frame industrial turbines. . The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems by creating custom solutions using a combination of battery technologies and monitoring software. Through hydrogen and sustainable products (H2S), Capstone Green Energy offers its customers a variety of hydrogen-based products, including the company’s microturbine energy systems.

To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, customers saved over $213 million in annual energy costs and approximately 388,000 tonnes of carbon. Total savings over the past four years are estimated at approximately $911 million in energy savings and approximately 1,503,100 tonnes in carbon savings.

For clients with limited capital or short-term needs, Capstone offers rental systems; for more information, contact:

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Caution Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for growth and liquidity and other statements regarding expectations, beliefs, plans, intentions and corporate strategies. The Company has attempted to identify these forward-looking statements by using words such as “expect”, “anticipate”, “believe”, “could”, “should”, “estimate”, “intend”. , “may”, “will”, “plan”, “goal” and similar terms and expressions, but such words, terms and expressions are not the exclusive means of identifying such statements. Actual results, performance and achievements may differ materially from those expressed or implied by these forward-looking statements due to various risks, uncertainties and other factors, including, but not limited to, the following: the continued effects of the COVID-19 Pandemic; the availability of credit and compliance with covenants governing the Company’s indebtedness; the Company’s ability to develop new products and improve existing products; product quality issues, including the adequacy of reserves therefor and the cost exposure ts of guarantee; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and departures and other changes of management and other key employees. For a detailed discussion of factors that could affect the Company’s future results of operations, please see the Company’s filings with the Securities and Exchange Commission, including the information provided under “Risk Factors” in those documents. . Except as expressly required by federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changes in circumstances or future events. , or for any other reason.

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