Capstone Green Energy (NASDAQ: – GuruFocus.com
The system represents a new energy concept in its configuration to produce steam
VAN NUYS, CA / ACCESSWIRE / December 3, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN), (âCapstoneâ, the âCompanyâ, âweâ or âweâ), a global leader in carbon reduction and energy solutions resilient green on premise, today announced that its distributor in Austria and Germany, Wels Strom GmbH (www.eww.at/ueber-uns/wels-strom-gmbh) has been hired by IFG Asota (part of the International Fibers Group) to provide a Combined Heating and Power (CHP) system as well as a 10-year factory protection plan for their fiber manufacturing plant in Linz, Austria.
The new system will be built around a Capstone C600S, which will provide on-site power for plant operations and the manufacturing process. It will also be configured to channel exhaust heat to a boiler to produce steam for the plant’s production machinery. This is a new energy concept for this type of application, as the exhaust gases are routed to the waste heat exhaust duct of the steam boiler via an exhaust pipe. In order to use the waste heat after the waste heat has been removed, IFG Asota will install a new low temperature system for production.
IFG Asota selected Capstone’s energy system for the different ways the technology supports the company’s commitment to sustainability. The combination of the energy system and the steam boiler provides a highly efficient and low emission solution. In addition, part of the fuel used by the Capstone system will be hydrogen, which is considered a renewable resource that produces no CO2 emissions.
The contract includes Capstone’s 10-Year Factory Protection Plan, or FPP, a comprehensive maintenance program designed to provide financial peace of mind to Capstone customers by providing product lifecycle costs at an affordable rate. fixed for scheduled and unscheduled maintenance over the life of the energy. system. FPP also protects customers against potentially dramatic future increases in life cycle costs associated with changes in the price of spare parts, increases in commodity prices, import tariffs and rate changes. ‘interest.
âWe look forward to building a highly efficient and sustainable energy supply with IFG Asota,â said Christian Steininger, Sales Manager for Energy Solutions at Wels Strom GmbH.
âManufacturing plants like IFG Asota’s have enormous potential to realize cost, efficiency and sustainability benefits,â said Darren Jamison, CEO of Capstone Green Energy. âWhile different industries and sites have their own processes and needs, our energy systems are highly adaptable and can be configured to maximize existing resources or take advantage of new ones. “
About Green Energy Capstone
Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of custom microgrid solutions and on-premise energy technology systems to help customers worldwide achieve their goals by in terms of the environment, energy savings and resilience. Capstone Green Energy focuses on four key business areas. Through its Energy as a Service (EaaS) activity, it offers rental solutions using its microturbine energy systems and battery storage systems, full factory protection plan (FPP) service contracts that guarantee the life cycle costs, as well as spare parts. Power Generation Technologies (EGTs) are driven by state-of-the-art, highly efficient, low-emission and resilient microturbine energy systems, offering scalable solutions in addition to a wide range of custom solutions, including hybrid energy systems and larger frame industrial turbines. . The Energy Storage Solutions (ESS) business line designs and installs micro-grid storage systems creating custom solutions using a combination of battery technologies and monitoring software. Using Hydrogen and Sustainable Products (H2S), Capstone Green Energy offers its customers a variety of hydrogen-based products, including the company’s microturbine energy systems.
For clients with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: [emailÂ protected]. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY21 it saved its customers over $ 217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the past three years are estimated to be approximately $ 698 million in energy savings and approximately 1,115,100 tonnes 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.
Caution regarding forward-looking statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and the execution of the company’s growth strategy and other statements regarding the expectations, beliefs, plans, intentions and strategies of the company. The Company has attempted to identify these forward-looking statements by using words such as âexpectâ, âanticipateâ, âbelieveâ, âcouldâ, âshouldâ, âestimateâ, âintendâ, “May”, “may,” “plan”, “objective” and similar terms and expressions, but such words, terms and expressions are not the exclusive means of identifying such statements. Actual results, performance and achievements could 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 continuing effects of the Pandemic covid19; the availability of credit and compliance with the Company’s debt covenants; the Company’s ability to develop new products and improve existing products; product quality issues, including the adequacy of reservations for this purpose and exposure to warranty costs; intense competition; the financial performance of the oil and gas industry and other general business, industrial and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of ongoing or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the documents filed by the Company with the Securities and Exchange Commission, including the information under âRisk Factorsâ in those documents. Unless expressly required by federal securities laws, the Company assumes no obligation to update or revise forward-looking statements, whether as a result of new information, changes in circumstances or future events. or for any other reason.
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