Capstone Distributor Bags Contract To Provide Microturbine System To Gas-to-Energy Project In New England

Capstone Green Energy Corp (NASDAQ:CGRN) distributor Vergent Power has secured a contract to provide a one-megawatt microturbine system to be installed in a landfill gas-to-energy project for a solid waste facility in New England. Financial terms were not disclosed.
The waste-to-energy project is expected to be commissioned in early 2023. The project will reduce greenhouse gas emissions in New England by 3,500 tons per year.
The landfill generates and flares ~350 standard cubic feet per minute of landfill gas. The new project will convert the gas into electricity using the Capstone C1000S microturbine system.
Darren Jamison, President and CEO of Capstone Green Energy, said, "We look forward to many more innovative, carbon-reducing projects from Vergent Power in New England in the future."
Price Action: CGRN shares are trading lower by 0.95% at $4.16 on the last check Friday.

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