Capstone Green Energy Secures Additional Energy-as-a-Service Contract from a Large West Texas Oil Producer
26 Abril 2023 - 9:15AM
Business Wire
Repeat Orders from Long-Term Customers
Continue to Build Capstone’s Higher Margin Energy-as-a-Service
Portfolio
Capstone Green Energy Corporation (NASDAQ: CGRN), a global
leader in carbon reduction and on-site resilient green
Energy-as-a-Service (EaaS) solutions, announced that its southern
U.S. distributor, Lone Star Power Solutions, has contracted with a
large West Texas energy company to provide an additional C800S
Signature Series microturbine following a 3.6 MW
Energy-as-a-Service (EaaS) contract earlier this year.
“Our new and existing customers continue to find value in our
EaaS rental offerings. We are seeing repeat orders from core
industry segments like oil and gas while also expanding interest
from new areas like Electric Vehicle (EV) charging providers. EaaS
is proving itself to be a win-win solution as it meets the Capstone
customer need to manage capital investment while delivering
reliable, lower emissions energy, and it meets Capstone’s need for
higher margins and predictable revenues and cash flow,” said Darren
Jamison, Capstone Green Energy President and Chief Executive
Officer.
The large West Texas energy producer is using the microturbine
energy systems to power production loads using the on-site gas
produced from its day-to-day operations. Capstone’s EaaS solution
was selected due to its proven track record of reliability in
remote oil and gas fields across the world and its extremely low
emissions profile as the energy company looks to decarbonize its
operations. Additionally, because all maintenance is included with
the rental contract, the customer will benefit from fixed operating
costs for the term of rental, offering cost savings and
convenience.
“Capstone’s market-leading emissions and reliability are
features our customers value,” said Doug Demaret, President of Lone
Star Power Solutions. “With emissions that are 90% lower than our
customer’s previous solution and a cutting edge on-site power
generation technology that requires only 6 hours of planned
maintenance per year, we have enabled our customers to focus on
their core business and not worry about power reliability.”
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230426005468/en/
CONTACT: Capstone Green Energy Investor and investment
media inquiries: 818-407-3628 ir@CGRNenergy.com
Capstone Green Energy (NASDAQ:CGRN)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Capstone Green Energy (NASDAQ:CGRN)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024