Capstone Green Energy Secures Order for 600kW State-of-the-Art Biogas to Combined Heat and Power Project
04 Abril 2023 - 9:15AM
Business Wire
Project Will Utilize a Micro Heat Exchanger
from Capstone Network Partner Alfa Laval
Capstone Green Energy Corporation (NASDAQ: CGRN), a global
leader in carbon reduction and on-site resilient green energy
solutions, announced that E-Finity Distributed Generation,
Capstone’s exclusive distributor for the Mid-Atlantic, Southeastern
United States, and the Caribbean, has secured an order for a
biogas-fueled Capstone C600 Signature Series microturbine. The
microturbine system will be coupled with an Alfa Laval Micro heat
exchanger to heat thermal oil from 200 degrees to 280 degrees,
resulting in a 40% temperature increase in the biogas production
process. The order is scheduled to be commissioned in late
2023.
“We continue to see demand for biogas installations globally and
Capstone is extremely pleased with our new network partner Alfa
Laval, a leading supplier of products and solutions for heat
transfer, separation, and fluid heating with a unique product
lineup,” said Darren Jamison, President and Chief Executive Officer
of Capstone Green Energy. “Customers are seeking out these
innovative energy solutions because they help manage costs, reduce
emissions and support predictable operations.”
The waste heat from the C600S microturbine will be channeled
into an Alfa Laval heat exchanger and will heat thermal oil in an
innovative way to produce the biogas, all while providing the
highest system efficiency possible.
The system will be controlled and operated using the E-Finity
m-TIM PLC Controller. The m-TIM will systemically operate the C600S
microturbine, a 250-scfm gas conditioning skid, and the heat
exchanger, allowing for peak performance of the CHP output and
lowering energy costs.
“This state-of-the-art biogas CHP system is part of a new
approach to transforming manure into energy, eliminating site odor,
pollution, and emissions while reducing energy demand needed for
the process,” said Jeff Beiter, President and Chief Executive
Officer of E-Finity Distributed Generation.
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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Capstone Green Energy Investor and investment media inquiries:
818-407-3628 ir@CGRNenergy.com
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