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Capstone Green Energy Corporation (NASDAQ:CGRN) will participate in the Q2 Investor Summit Group Virtual Conference on May 17, 2021, at 2:45 PM ET. CEO Darren Jamison will present recent business updates and a corporate overview. The event is free for all investors, and a live webcast will be available. Capstone's energy solutions focus on carbon reduction and cost savings, having saved over $698 million in energy costs and reduced carbon emissions by approximately 1.12 million tons in the last three years. For details, visit CapstoneGreenEnergy.com.
Capstone Green Energy Corporation (NASDAQ:CGRN) announced an order for a hydrogen-powered microturbine as part of a microgrid project in Tasmania, Australia. This initiative, linked to the Blue Economy CRC, aims to bolster sustainable seafood production through emissions-free electricity generated from renewable sources like solar and wind.
The project will utilize a 700 kW electrolyzer to produce hydrogen, showcasing the potential of green hydrogen in energy storage and generation. Capstone's ongoing developments in hydrogen solutions include a new CHP product set for commercial release by March 2022.
Capstone Green Energy Corporation (NASDAQ:CGRN) has entered into a 10-year Factory Protection Plan (FPP) service contract with DTC Ecoenergia for a 1 MW Capstone C1000 Signature Series microturbine in Mexico. This system, operational since February 2020, supplies approximately 63% of the electricity demand for a major contract manufacturer. The contract will stabilize parts costs and enhance service reliability. The C1000S has achieved over 96% availability in its first year, with CO2 emissions reduced by about 46%. This agreement reinforces Capstone's recurring revenue model and expands its service fleet significantly.
Capstone Green Energy Corporation (NASDAQ:CGRN) announced an order for two C1000S microturbine systems to be deployed at a methane hydrate project in Alaska. The delivery, secured by Arctic Energy, Inc., is part of a research initiative to harness methane hydrate as a new energy source. The Combined Heat and Power (CHP) system will utilize natural gas and is designed for low emissions and high reliability, suitable for the harsh Alaskan environment. The commissioning is slated for May 2022, aligning with the company’s green energy solutions strategy.
Capstone Green Energy Corporation (NASDAQ:CGRN) will participate in the Water Tower Research Virtual Fireside Chat on April 29, 2021, at 9:30 AM PT. CEO Darren Jamison will discuss the company’s green energy transformation and business expansion, showcasing the benefits of its recent rebranding. Capstone focuses on four business lines: Energy as a Service, Energy Conversion Products, Energy Storage Products, and Hydrogen Solutions. The event is open to investors, with limited registration, but will be available for replay afterward.
Capstone Green Energy Corporation (NASDAQ:CGRN) has outlined its goals for hydrogen product development and is actively pursuing external funding through government programs. With patented technology, Capstone aims to provide innovative energy solutions, focusing on hydrogen conversion and hybrid systems. The company has launched its first hydrogen-based Combined Heat and Power product, targeting further advancements in hydrogen mixtures by March 2022. Capstone has saved customers an estimated $698 million in annual energy costs and reduced carbon emissions by approximately 1,115,100 tons over its 20-year history.