- Capstone Green Energy Corp's 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.
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