Capstone Green Energy announced that its southern U.S. distributor, Lone Star Power Solutions, has contracted with a large West Texas energy company to provide a new 3.6 MW EaaS rental contract pushing its total EaaS contracts to 45 MW. The Company is confident in its ability to achieve sustained positive adjusted EBITDA results when it reaches its target of 50 MW – of deployed rental units, combined with its recent across-the-board price increase that went into effect on January 30, 2022. This new contract represents the continued expansion of the EaaS strategy and is indicative of ongoing customer demand. The large West Texas energy producer will use the microturbine energy systems to power production loads using the on-site gas produced from its day-to-day operations.
Published first on TheFly
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