Capstone Green Expands Rental Fleet With New Contract In Louisiana

Capstone Green Energy Corp's (NASDAQ:CGRN) southern U.S. distributor, Lone Star Power Solutions, has contracted with a remote data center in Louisiana to provide a long-term rental of a Capstone C1000S microturbine system. The financial terms of the contract were not disclosed.
Capstone microturbine rental fleet now stands at 13.1 MW with this contract, aiming to expand to 21.1 MW by March 31, 2022.
The customer, located on an oil and gas well and handles large volume blockchain and cryptocurrency mining, had approached Lone Star looking for a way to take advantage of their existing on-site production gas. This byproduct would otherwise go to waste.
The system is expected to be commissioned in October 2021.
Price Action: CGRN shares are trading higher by 0.72% at $4.18 on the last check Monday.