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Capstone Energy+ Inc. reports developments in behind-the-meter microturbine energy systems for industrial and commercial customers. The company, formerly Capstone Green Energy Holdings, provides clean distributed-power solutions, including Signature Series microturbines used in combined heat and power, waste heat recovery, on-site generation, microgrid and renewable gas applications.
Recurring updates cover customer orders, distributor-led deployments, project commissioning, quarterly results, financing transactions and capital-structure changes. News items include C800S and C1000S microturbine installations for hospitality, natural gas infrastructure, food manufacturing and renewable energy facilities, as well as strategic investment activity, ownership of the operating subsidiary and initiatives tied to data center power demand.
Capstone Green Energy (PINK:CGEH) reported its Q4 and full fiscal year 2025 results, achieving its first-ever positive full-year Adjusted EBITDA of $7.9 million. Q4 revenue increased to $27.1 million, up from $24.3 million year-over-year, while full-year revenue was $85.6 million.
Q4 highlights include a gross profit of $7.5 million with a 28% margin, and a minimal net loss of $0.1 million, significantly improved from a $5.3 million loss in Q4 2024. The company's cash position strengthened to $8.7 million, up $6.6 million from the previous year.
The company aims to elevate its stock to the OTC:QX market and eventually relist on Nasdaq. Notably, the previously disclosed SEC investigation has concluded with no action taken.
Capstone Green Energy (PINK: CGEH) has secured a contract through its Australian distributor, Optimal Group, to deliver a 2MW microturbine system for a remote power station in Oceania. The project will utilize two C1000S Signature Series microturbines and is scalable up to 5MW to accommodate future growth. The system, scheduled for commissioning in November 2025, will be powered by natural gas from a nearby fuel conditioning plant.
The power station will replace existing diesel generation, significantly reducing emissions including NOx, CO2, and VOCs, while completely eliminating particulate matter. Capstone's technology was chosen for its minimal maintenance requirements, high reliability, and quieter operation due to its single-shaft design with air bearings.
The City of Janesville, Wisconsin has expanded its commitment to sustainable energy by ordering additional Capstone Green Energy (PINK: CGEH) microturbines for its wastewater treatment facility. The follow-on order includes two C65 microturbines and one C200S microturbine, increasing the facility's total on-site generation capacity to 460 kW.
The project, which is 90% funded through DOE and ITC incentives, builds upon Janesville's successful 13-year history with Capstone's technology. The microturbines operate in a combined heat and power (CHP) application, using digester gas as fuel to generate electricity for facility operations while capturing waste heat for anaerobic digesters.
The expansion includes a C200 microturbine commissioned in November 2024 and two C65 microturbines commissioned in April 2025, joining two original C65 units from 2010 that remain operational.
The City of Winona is expanding its renewable energy capacity at its wastewater treatment plant with two Capstone C65 ICHP microturbines and a Vergent controller from Capstone Green Energy (PINK: CGEH). The project, scheduled for commissioning by April 30, 2025, will double the facility's renewable energy output.
The expansion replaces an existing C65 microturbine that has exceeded 100,000 hours of runtime and adds a second unit. The Combined Heat & Power (CHP) system utilizes the facility's digester gas to generate electricity, while the exhaust energy is converted to hot water for digester process heating, reducing natural gas dependency.
Notably, over 90% of the project costs are covered through a federal Tax Credit (ITC) and a Department of Energy Industrial Training and Assessment Center Implementation Grant, making the expansion financially viable for the community.
Capstone Green Energy (PINK: CGEH) secured a follow-on order for two C1000S microturbines from a repeat customer through Horizon Power Systems. The units will provide primary power for midstream compressor stations in the Permian Basin.
The customer, who previously rented eight C1000S microturbines, decided to purchase 2MW of microturbine power based on their positive experience with the technology's reliability and low emissions. The microturbines will operate on pipeline-quality natural gas, offering a flexible and cost-effective energy solution for facilities without access to power.
The project received expedited permitting through the New Mexico Air Quality Bureau due to the microturbines' low emissions profile, helping maintain operational timelines and project milestones.
Capstone Green Energy Holdings (PINK: CGEH) reported its Q3 FY2025 financial results, showing revenue of $20.1 million for the quarter, up from $14.6 million in Q3 FY2024. Year-to-date revenue was $58.5 million, down from $66.9 million in the previous year due to restructuring effects.
Q3 FY2025 highlights include a gross profit of $5.0 million (25% margin), up $2.0 million year-over-year. The company reported a net loss of $2.7 million, compared to net income of $24.2 million in Q3 FY2024, which included a $32.6 million reorganization gain. Adjusted EBITDA improved to $0.5 million from negative $0.2 million last year.
Total cash as of December 31, 2024, was $3.3 million, increasing $1.2 million from March 31, 2024. The company began trading on the OTC Pink market on January 6, 2025.
Capstone Green Energy Holdings (OTC Pink: CGEH) has appointed John Toor as Vice President of Operations, effective January 27. With over 16 years of manufacturing and supply chain leadership experience, Toor will oversee operations, developing manufacturing, planning, and supply chain strategies including cost-out, 5S, and Lean programs.
Toor joins from All Clear Aerospace and Defense, with previous experience at Meggitt Control Systems and Parker Hannifin. He holds a BA in Economics from UC San Diego and an MBA from Pepperdine University. His role will focus on advancing Capstone's three pillars: Financial Health, Sustainable Excellence, and Culture and Talent Development.
This announcement follows Capstone's recent reorganization in December 2023, where it became the public successor to Capstone Green Energy (CGRN) for SEC reporting purposes, now trading in the Pink Open Market.
Capstone Green Energy Holdings (OTC:CGEH) has received FINRA notification for the assignment of its new trading symbol 'CGEH', effective January 2, 2025. The company's common stock can now be traded on the OTC Pink Open Market, though with certain limitations. This symbol assignment was initiated by a broker-dealer without Capstone's prior knowledge.
The company has been actively working toward listing on a more prominent platform like OTCQX and has submitted an application for regulatory review. Having recently achieved SEC filing compliance, Capstone is collaborating with OTC Markets and an independent market maker to ensure accurate corporate information representation.
Following reorganization transactions in December 2023, Capstone Green Energy Holdings is the public successor to Capstone Green Energy (CGRN). The company's common stock trades with CUSIP number 14067D607 and ISIN number US14067D6076.