The Sale Includes a 10-Year Factory
Protection Plan (FPP), a Long-term Service Contract, Which Is Part
of Capstone’s Focus On Growing Its EaaS Business
Capstone Green Energy Corporation (NASDAQ: CGRN), a global
leader in carbon reduction and on-site resilient green Energy as a
Service (EaaS) solutions, announced today that it received a
follow-on order for two signature series microturbines totaling 1.6
megawatts (MWs) for a leading bottling and packaging solutions
provider in Mexico. The C1000S and C600S microturbines will be
installed in a combined heat and power (CHP) application. DTC
Solutions, Capstone's exclusive distributor for Mexico and Central
America, secured the order, which is expected to be commissioned
before the end of the year.
“It’s always an honor to me when our customers place follow-on
orders with us as it’s the truest testament to our value
proposition and the performance of our valued distributors like DTC
Solutions,” said Darren Jamison, President and Chief Operating
Officer of Capstone Green Energy. “Working with our distributors to
help customers meet the evolving clean energy market demands and
the shifting energy landscape, is our fundamental strength and what
we strive to do day-in and day-out,” concluded Mr. Jamison.
The natural gas-fueled microturbines will be installed at the
industrial manufacturer’s Guadalajara facility and are intended to
provide 24/7 reliable and continuous electrical power and thermal
energy for the plant. The clean exhaust will be used to feed a hot
water exchanger with preheated boilers. The innovative heating
process has helped the plant reduce energy costs, improve
efficiency, and reduce on-site emissions.
The order will lead to energy consumption savings of
approximately 62% and is estimated to have an impressive return on
investment (ROI) of approximately three years, according to DTC
Solutions internal calculations.
“These efficiency improvements directly translate to
significantly lower energy costs and higher profit margins for our
customers in Mexico,” said Alejandro Muñoz, President of DTC
Solutions. “As utility rates continue to rise, manufacturers are
opting to take matters into their own hands by adopting
energy-efficient solutions like Capstone microturbine systems to
increase resiliency and lower their carbon footprint,” concluded
Mr. Muñoz.
Utilizing the heat by-product from a microturbine allows
operators to reduce emissions and save added costs that would
otherwise be required to produce heat or steam in a separate unit.
While traditional electricity from the grid with coal and gas-fired
plants produces power at 33% efficiency, Capstone CHP systems can
reach efficiencies of more than 80%.
The order includes a 10-year Factory Protection Plan (FPP), a
long-term service contract. Capstone's innovative FPP is a
comprehensive maintenance program designed to give financial peace
of mind to microturbine customers by providing product life cycle
costs at a fixed rate for both scheduled and unscheduled
maintenance for the life of the microturbine system.
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.
For customers with limited capital or short-term needs, Capstone
offers rental systems; for more information, contact:
rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000
units to 83 countries and estimates that, in FY21, it saved
customers over $217 million in annual energy costs and
approximately 397,000 tons of carbon. Total savings over the last
three full fiscal years are estimated to be approximately $698
million in energy savings and approximately 1,115,100 tons of
carbon savings.
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 expectations for green initiatives and
execution on the Company's growth strategy 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 the impact of pending
or threatened litigation. 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.
SOURCE: Capstone Green Energy Corporation
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version on businesswire.com: https://www.businesswire.com/news/home/20220627005254/en/
Capstone Green Energy Investor and investment media inquiries:
818-407-3628 ir@CGRNenergy.com
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