- Capstone Green Energy Corp's CGRN distributor for the Midwest, New England, and Eastern Canada, Vergent Power Solutions, secured an order for a 1.2 megawatt (MW) energy system for a northern Illinois gas utility company at their natural gas facility. Financial terms were not disclosed.
- The new solution, which features two Capstone C600 Signature Series microturbines fueled by the facility's available high-pressure natural gas, will be the site's only source of electricity, providing standalone power around the clock.
- "More and more, utilities are finding that Capstone microturbines are an ideal, cost-effective power solution, particularly where there is an existing on-site fuel source," said Darren Jamison, CEO of Capstone Green Energy.
- Price Action: CGRN shares are trading lower by 1.59% at $3.04 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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