CAPSTONE GREEN ENERGY RECEIVES FOLLOW-ON ORDER FOR MULTIPLE MICROTURBINE SYSTEMS FOR MARCELLUS WELLHEAD SITES
RECEIVES FOLLOW-ON ORDER FOR MULTIPLE MICROTURBINE SYSTEMS FOR MARCELLUS WELLHEAD SITES
VAN NUYS, Calif. –(BUSINESS WIRE) — 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 E-Finity Distributed Generation, Capstone’s exclusive distributor for the Mid-Atlantic, Southeastern United States and the Caribbean, has secured an order for ten C65 microturbine systems, to be deployed at various oil and gas wellhead sites in the Marcellus Shale region. The systems will be added to an extensive fleet and commissioned as needed through 2023.
The natural gas-fueled microturbine systems will provide prime power 24/7 for various sites across the Marcellus reserve. The microturbines will allow the customer to increase on-site power production, lower operational costs and increase reliability. In addition, the dual-mode 65 kilowatt (kW) systems will provide the electrical power required to operate various buildings, including lighting, meters, and other equipment.
“Facing growing pressure to address climate change, global energy companies are pledging like never before to adapt to a lower-carbon future. For many, that involves investing in new technologies and infrastructures like microturbine systems to support new, greener ways of generating on-site electricity,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “These are the key areas in which Capstone Green Energy has built its business and where it continues to innovate and grow its Energy-as-a-Service (EaaS) business. We saved customers an estimated 1,115,100 tons of carbon and $698 million in annual energy savings over the last three years, and we are just getting started.”
Capstone’s low-emission, oil-free microturbine systems play a crucial role in ensuring the continued development of these rich shale plays. Because microturbine emissions are considerably lower than traditional internal combustion engines, it is easier for operators to meet increasingly stringent emission requirements.
“Having our customers place repeat orders with us is a true testament to the reliability of the Capstone microturbine systems and their ability to operate in very harsh, unforgiving Appalachian conditions,” said Jeff Beiter, President, E-Finity Distributed Generation. “E-Finity now boasts an oil and gas fleet that exceeds 500+ operating units providing our customers with power when and where they need it.”