Capstone Green Energy Secures 2 MW Long-Term Rental Contract

July 9, 2021 12:14 PM | 1 min read | Make a Comment

Capstone Green Energy Corp CGRN signed a contract for a two megawatt (MW) long-term rental contract, expanding its microturbine rental business as part of its Energy as a Service (EaaS) business model.
The multi-year rental contract provides two C1000 Signature Series microturbines scheduled to be installed by the end of the current fiscal year.
The contract was secured by Capstone's local distribution partner, Cal Microturbine, Capstone's exclusive distributor for California, Hawaii, and Nevada and nonexclusive for Oregon and Washington.
Price Action: CGRN shares traded higher by 2.78% at $5.37 on the last check Friday.

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