Capstone Green Energy Secures Two-Megawatt Follow-on Order for a Remote Gas Compression Facility in Wyoming’s Green River Basin
21 Março 2023 - 9:30AM
Business Wire
The Repeat Order Represents the 16th and
17th Units that Have Been Ordered by the Same Gas Pipeline
Customer
Capstone Green Energy Corporation (NASDAQ: CGRN), a global
leader in carbon reduction and on-site resilient green energy
solutions, announced that Horizon Power Systems, Capstone’s
exclusive distributor for the Rocky Mountain States, Western
Canada, Oklahoma, and Arizona, secured a follow-on order for two
Capstone C1000 Signature Series microturbines. The order is
scheduled to be commissioned during the third quarter of 2023.
“Capstone microturbines create loyal customers, and this order
is a great example. This customer has been using Capstone Green
Energy microturbine technology since 2010, and continues to return
for additional systems,” said Darren Jamison, President and Chief
Executive Officer of Capstone Green Energy. “They have implemented
our low emission systems at multiple, remote, unstaffed facilities
across their operations in Wyoming. Capstone microturbines continue
to deliver reliable, low-emission power where the customer needs it
most.”
The microturbine will power a remote natural gas compression
facility and run on high-pressure natural gas (HPNG). The customer
indicated that it selected Capstone based on its ongoing, positive
experiences with Capstone products. Their current equipment has
operated continuously for several years, despite being subjected to
harsh conditions and extreme weather events.
“The customer’s current fleet of 15 microturbines have an
average 99% uptime,” said Sam Henry, President of Horizon Power
Systems. “The company knows the reliability and low maintenance of
microturbine-based energy systems. Even with the catastrophic
storms that have rolled through the Basin this year, the
microturbine fleet has maintained its near-perfect uptime. Capstone
microturbines meet Wyoming’s stringent air quality rules and make
permitting very easy,” added Henry.
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of
customized microgrid solutions and on-site energy technology
systems focused on helping customers around the globe meet their
environmental, energy savings, and resiliency goals. Capstone Green
Energy focuses on four key business lines. Through its Energy as a
Service (EaaS) business, it offers rental solutions utilizing its
microturbine energy systems and battery storage systems,
comprehensive Factory Protection Plan (FPP) service contracts that
guarantee life-cycle costs, as well as aftermarket parts. Energy
Generation Technologies (EGT) are driven by the Company's
industry-leading, highly efficient, low-emission, resilient
microturbine energy systems offering scalable solutions in addition
to a broad range of customer-tailored solutions, including hybrid
energy systems and larger frame industrial turbines. The Energy
Storage Solutions (ESS) business line designs and installs
microgrid storage systems creating customized solutions using a
combination of battery technologies and monitoring software.
Through Hydrogen & Sustainable Products (H2S), Capstone Green
Energy offers customers a variety of hydrogen 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, it saved customers over $213 million in
annual energy costs and approximately 388,000 tons of carbon. Total
savings over the last four years are estimated to be approximately
$911 million in energy savings and approximately 1,503,100 tons of
carbon savings.
For customers with limited capital or short-term needs, Capstone
offers rental systems; for more information, contact:
rentals@CGRNenergy.com.
For more information about the Company, please visit
www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on
Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in
the Private Securities Litigation Reform Act of 1995, including
statements regarding growth expectations and other statements
regarding the Company's expectations, beliefs, plans, intentions,
and strategies. The Company has tried 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 phrases, but
such words, terms and phrases are not the exclusive means of
identifying such statements. Actual results, performance and
achievements could differ materially from those expressed in, or
implied by, these forward-looking statements due to a variety of
risks, uncertainties and other factors, including, but not limited
to, the following: the ongoing effects of the COVID-19 pandemic;
the availability of credit and compliance with the agreements
governing the Company's indebtedness; the Company's ability to
develop new products and enhance existing products; product quality
issues, including the adequacy of reserves therefor and warranty
cost exposure; 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 in management and other key employees. For a detailed
discussion of factors that could affect the Company's future
operating results, please see the Company's filings with the
Securities and Exchange Commission, including the disclosures under
"Risk Factors" in those filings. Except as expressly required by
the federal securities laws, the Company undertakes no obligation
to update or revise any forward-looking statements, whether as a
result of new information, changed circumstances or future events,
or for any other reason.
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version on businesswire.com: https://www.businesswire.com/news/home/20230321005452/en/
Capstone Green Energy Investor and investment media inquiries:
818-407-3628 ir@CGRNenergy.com
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