The Renewable Energy Projects Will Reduce
Carbon Emissions While Simultaneously Providing Clean and Reliable
Heat and Power
Capstone Green Energy Corporation
(www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), ("Capstone,"
the "Company," “we” or “us”), a global leader in carbon reduction
and on-site resilient green energy solutions, today announced that
IBT Connecting Energies GmbH (www.ibtgroup.at), exclusive
distributor for Italy, has secured orders for two waste-to-energy
projects in the Sardinia region of Italy. Three C65 microturbines
will be deployed at two wastewater treatment facilities operated by
Acciona Agua SA in Alghero and Cagliari, Italy. The microturbine
systems are expected to be commissioned in December 2022.
“We are pleased to see continued order flow out of the European
region given the unprecedented macroeconomic conditions in their
energy markets,” said Darren Jamison, Chief Executive Officer of
Capstone Green Energy. “This is a perfect example of how customers
are reducing their dependence on fossil fuel sources for power
generation through sustainable biogas to energy projects.”
Once commissioned, the microturbines will cleanly and
effectively operate on the biogas, or "green waste", produced
on-site from municipal solid waste. In addition, the new
cogeneration plants will incorporate a customized heat recovery
module (HRM), advanced gas treatment, compressors, and SCADA
control panels. Together, the configuration will allow plant
operators to harness the waste fuel for on-site power
production.
The microturbines will be utilized in a combined heat and power
(CHP) application and produce electricity and hot water for the
customer’s wastewater treatment facilities. The projects are the
first of their kind in the Sardinia region of Italy.
Wastewater treatment plants are excellent candidates for
microturbine-based CHP. The most common renewables projects make
use of digester methane to generate electric power or combined heat
and power. These installations can bring fast payback from utility
power and natural gas savings by utilizing waste methane, a
greenhouse gas many times more potent than carbon dioxide. In
addition, excess renewable electricity could be offered for sale to
the electric utility.
“These two important projects are proof that the market is
heading in the right direction of renewable energy. This confirms
once again that Capstone technology is the number one for this type
of application, which uses the biogas produced by wastewater
treatment plants,” said Ilario Vigani, President and CEO of IBT
Connecting Energies GmbH.
About Capstone Green Energy
Capstone Green Energy (www.CapstoneGreenEnergy.com) (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 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.
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Capstone Green Energy Investor and investment media inquiries:
818-407-3628 ir@CGRNenergy.com
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