Capstone Green Energy, a leader in carbon reduction and green energy solutions, has won new orders totaling approximately 2.2 MW from four U.S.-based oil and gas customers.
The new orders in the Energy-as-a-Service (EaaS) market include:
# A 1.4 MW long-term rental contract that is to be deployed in early 2023 in Louisiana
# An additional six C65 microturbines totaling 390kW of rental power in the U.S. shale fields
# Another 400kW of power generation to an oil and gas operator on the North Slopes of Alaska at an existing rental location
“Capstone is seeing strong customer demand across industries for its EaaS rental services, which had 7 MW under contract in March 2021, 26 MW under contract in March 2022, and 34 MW under contract at the end of July,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy.
“The closing of $8 million underwritten public offering combined with sourcing additional re-rent units allows us to continue to focus on achieving our previously announced next target of a 50 MW rental fleet, including re-rentals.”