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Capstone Green Energy (NASDAQ: – GuruFocus.com


The microturbine enclosure will be sized to accommodate future expansion

VAN NUYS, CA / ACCESSWIRE / October 20, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) (“Capstone” or the “Company”), a global leader in onsite resilient carbon reduction and green energy solutions, today announced that Supernova Energy Services (www.supernova-es.com), Capstone’s exclusive distributor for Colombia and Venezuela, has secured an order for a C400 Signature Series three-bay microturbine to be installed in a cogeneration application and to provide power and cooling for Llanogas, a leading company in the natural gas sector in Colombia.

The success and demonstrated benefits of a pilot project at Llanogas headquarters in Villacencio, Meta, Colombia, led officials to install a set of three-bay C400S natural gas-powered microturbines in a nearby office complex near ‘El Barzal. The system is the first district cooling application in the country. In this application, cold water is produced in a centralized location for distribution to buildings such as offices and factories via a network of insulated underground pipes. District cooling provides a modern and efficient way of cooling a network of buildings in cities or complexes and helps improve reliable energy infrastructure.

“Carbon reduction practices are evolving in exciting new ways, and energy efficiency strategies are evolving with them,” said Darren Jamison, President and CEO of Capstone Green Energy. “Capstone solutions provide essential energy reliability and energy efficiency that energy-dense customers need, which in turn improves their return on investment. At the same time, our systems reduce their carbon footprint, ”added Jamison.

Committed to the care and preservation of the environment, Llanogas managers have actively sought a cogeneration solution that would offset their carbon footprint and maximize overall energy efficiency. Capstone’s innovative technology was selected for its scalability, resilience and ability to reduce energy costs while simultaneously reducing pollutant and greenhouse gas emissions.

“This will be an iconic project in the town of Villavicencio, as it will be the first dedicated office complex capable of providing cooling to several adjacent buildings and a technological trend with the energy storage of the city. ‘cooling water,’ said Nestor Moseres, president of Supernova Energy. Services.

About Green Energy Capstone

Green energy capstone (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of custom microgrid solutions and on-premise energy technology systems to help customers around the world meet their environmental, energy-saving goals. energy 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 conversion products are driven by the company’s 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 Products business line designs and installs micro-grid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, 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: [email 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 at 1,115,100 tonnes of carbon and $ 698 million in annual energy 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 “expect”, “anticipate”, “believe”, “could”, “should”, “estimate”, “intend”, “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 various risks, uncertainties and other factors, including, but not limited to the following: the continued effects of the Covid19 pandemic; the availability of credit and compliance with covenants governing the Company’s indebtedness; the Company’s ability to develop new products and improve existing products; product quality issues, including the adequacy of reserves for this purpose and the exposure one to warranty costs; intense competition; the financial performance of the petroleum and natural 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 “Risk Factors” 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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