Capstone distributor gets rental order for 5 C1000 Signature Series microturbine

Capstone Green Energy announced that Lone Star Power Solutions, Capstone’s exclusive distributor in Texas, Arizona, and the Gulf States, secured an Energy-as-a-Service long-term rental order for five C1000 Signature Series microturbines. The microturbines will be installed at a remote oil and gas production site in West Texas and are expected to be commissioned in May. The new 5 MW EaaS rental contract pushes Capstone Green Energy’s total EaaS contracts to approximately 50 MW, which achieves the Company’s stated goal of 50 MW under contract by March 31, 2023, and is up from 26 MW under contract less than a year ago. "Capstone’s EaaS business model continues to drive customer demand for our products, as demonstrated by this order. The oil and gas industry have seen the benefits of Capstone microturbines for many years, and renting units through our EaaS approach makes adopting our technology even easier," said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. "Our focus remains on our EaaS rental business deployment and the attributes it brings us, including higher margin rates, predictable revenues, and positive cash flow while transitioning us away from being only a manufacturing company," added Jamison.