Capstone Green Energy Secures Order for 800kW Biogas Fueled Microturbine Energy Solution in Spain
22 Mai 2023 - 2:30PM
Business Wire
Unit Will Operate on Landfill Gas as Part of
Greener Approach to Waste Management
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 Micropower
Europe S.L., its distributor in Spain and Portugal, has secured an
order for a C800 Signature Series with a Micropower biogas
treatment unit and four heat recovery modules. The unit will be
operated at a landfill to produce electricity for waste management
and recycling operations. It is expected to be commissioned in
October 2023.
“The versatility of Capstone microturbines is evident in every
new order we receive, but our customers are choosing Capstone for
many of the same reasons: fuel flexibility along with high
reliability on a range of fuels, low maintenance requirements, and
of course, lower carbon emissions. Our customers are looking for
cleaner, greener ways to approach their operations, and Capstone is
here to support them in reaching their goals,” said Capstone Green
Energy President and Chief Executive Officer Darren Jamison.
The modularity of Capstone’s C800S turbine design is one of the
primary reasons the customer chose this product. In addition,
Capstone units integrate well with other technologies, such as the
heat recovery units, which will eliminate leachate at the site and
protect the water table in a sensitive and remote area. Because the
microturbine will be installed in a remote area, the minimal
maintenance needs were another important factor in choosing
Capstone. Finally, the Capstone microturbine operates predictably
on different qualities of biogas. This is particularly important
when using gas from the landfill, which is composed of many
different gases in varied concentrations.
“This exciting and important project combines several green
technologies to produce a superior environmental outcome. The
customer had stringent requirements for reliability and fuel
flexibility that the Capstone microturbines meet. When combined
with the heat recovery modules, this is an ideal solution for the
challenges the customer was looking to overcome,” said Manel
Blasco, Chief Executive Officer of Micropower Europe S.L.
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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