Capstone Inks 10-Year Parts, Labor FPP Service Contract In New Mexico

Capstone Green Energy Corp CGRN distributor Horizon Power Systems has signed a 10-year Parts and Labor Factory Protection Plan (FPP) service contract for a C800S (800 kilowatts) Signature Series energy system installed at a remote gas compression station in Southeast New Mexico. Financial terms were not disclosed.
The remote gas compression station replaced their out-of-date natural gas reciprocating engines with the Capstone Green Energy C800S energy system to handle the additional loads.
Commissioned in October 2020, the C800S provides 24x7 prime power to the station's A/C loads with N+1 redundancy and also meets New Mexico's emissions requirements without additional after treatment.
Price Action: CGRN shares traded higher by 5.02% at $4.66 on the last check Friday.