Capstone Green Energy secures order for two waste-to-energy cogeneration projects in Italy - Business Wire

Capstone Green Energy secures order for two waste-to-energy cogeneration projects in Italy – Business Wire

Van Nuys, California – (work wire) – Capstone Green Energy Company (www.CapstoneGreenEnergy.com(NASDAQ: CGRN), (“Capstone”, “the Company”, “we” or “us”), the global leader in carbon reduction and resilient green energy solutions on site, announced today that IBT Connecting Energies GmbH (www.ibtgroup.at), the exclusive distributor for Italy, has secured orders for two waste-to-energy projects in Sardinia, Italy. Three small C65 turbines will be deployed at two wastewater treatment facilities operated by Acciona Agua SA in Alghero and Cagliari, Italy. The micro-turbine systems are expected to be commissioned in December 2022.

“We are pleased to see the continued flow of orders from the European region given the unprecedented macroeconomic conditions in their energy markets,” said Darren Jamieson, CEO of Capstone Green Energy. “This is an excellent example of how customers can reduce their dependence on fossil fuel sources for power generation through sustainable biogas for power projects.”

Once commissioned, the small turbines will cleanly and efficiently run on biogas, or “green waste,” generated on-site from municipal solid waste. In addition, the new cogeneration plants will include a dedicated heat recovery unit (HRM), advanced gas processing, compressors, and SCADA control panels. Together, the configuration will allow plant operators to harness waste fuels for on-site energy production.

The small turbines will be used in a combined heat and power (CHP) application and produce electricity and hot water for the customer’s wastewater treatment facilities. These projects are the first of their kind in Sardinia, Italy.

Wastewater treatment plants are an excellent candidate for using CHP based on microturbine. The most common renewable energy projects make use of methane to generate electric power or heat and combined energy. These installations could quickly achieve utility energy savings and save natural gas through the use of waste methane, a greenhouse gas many times more potent than carbon dioxide. In addition, surplus renewable electricity can be offered for sale to the electricity facility.

These two important projects are proof that the market is heading in the right direction for renewable energy. This once again confirms that Capstone’s technology is the first for this type of application, which uses biogas produced by wastewater treatment plants,” said Ilario Vigani, President and CEO of IBT Connecting Energies GmbH.

About Capstone Green Energy

green energy capstonewww.CapstoneGreenEnergy.com(NASDAQ: CGRN) is a leading provider of customized micro-grid solutions and on-site energy technology systems focused on helping customers around the world achieve their environmental, energy-saving, and resiliency goals. Capstone Green Energy focuses on four main lines of business. Through its Energy as a Service (EaaS) business, it offers rental solutions using micro-turbine power and battery storage systems, comprehensive plant protection plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Power Generation Technologies (EGT) is driven by industry-leading, high-efficiency, low-emission, flexible micro-turbine power systems that provide scalable solutions as well as a wide range of tailored solutions for customers, including hybrid power systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) line of business designs and installs small grid storage systems, creating customized solutions using a combination of battery technologies and monitoring software. Through hydrogen and sustainable (H2S) products, Capstone Green Energy offers customers a variety of hydrogen products, including the company’s micro-turbine power systems.

For clients with limited capital or short-term needs, Capstone offers rental systems; For more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped more than 10,000 units to 83 countries and estimates that in fiscal year 21, it has saved customers more than $217 million in annual energy costs and nearly 397,000 tons of carbon. The total savings over the past three years is estimated at about $698 million in energy savings and about 1,115,100 tons of carbon savings.

For more information about the company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on TwitterAnd the LinkedInAnd the InstagramAnd the FacebookAnd the 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 of green initiatives and implementation on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions and strategies. The Company has attempted to define these forward-looking statements using words such as “expect,” “expect,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “plan,” “objective,” terms and phrases. similar, but these words, terms and phrases are not the exclusive means of identifying such phrases. Actual results, performance and achievements may differ materially from those expressed 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 COVID-19 pandemic; availability of credit and compliance with the agreements governing the indebtedness of the company; The company’s ability to develop new products and improve existing products; product quality issues, including adequacy of their own reserves and exposure to warranty cost; severely competitive financial performance of the oil and natural gas industry, other public works, industry and economic conditions; The company’s ability to adequately protect intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of the 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 federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changing circumstances, future events, or any other reason.


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