- Capstone Green Energy Corp CGRN has secured an order for a Caribbean resort redevelopment project that includes 2.4 megawatts (MWs) of C800 Signature Series (C800S) microturbine energy systems. The financial terms of the contract were not disclosed.
- The order was secured by E-Finity Distributed Generation, Capstone's exclusive distributor for the Mid-Atlantic and Southeastern U.S. and parts of the Caribbean, and is expected to be commissioned in the Spring of 2022.
- The new power plant is expected to provide all of the resort's power while potentially generating electric cost savings and reducing the resort's carbon footprint.
- Price Action: CGRN shares are trading lower by 0.79% at $5.00 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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