Capstone Green Energy Secures Two-Megawatt Follow-on Order for a Remote Gas Compression Facility in Wyoming's Green River Basin

LOS ANGELES--(BUSINESS WIRE)--Mar 21, 2023-- Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced that Horizon Power Systems, Capstone's exclusive distributor for the Rocky Mountain States, Western Canada, Oklahoma, and Arizona, secured a follow-on order for two Capstone C1000 Signature Series microturbines. The order is scheduled to be commissioned during the third quarter of 2023.

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'Capstone microturbines create loyal customers, and this order is a great example. This customer has been using Capstone Green Energy microturbine technology since 2010, and continues to return for additional systems,' said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. 'They have implemented our low emission systems at multiple, remote, unstaffed facilities across their operations in Wyoming. Capstone microturbines continue to deliver reliable, low-emission power where the customer needs it most.'

The microturbine will power a remote natural gas compression facility and run on high-pressure natural gas (HPNG). The customer indicated that it selected Capstone based on its ongoing, positive experiences with Capstone products. Their current equipment has operated continuously for several years, despite being subjected to harsh conditions and extreme weather events.

'The customer's current fleet of 15 microturbines have an average 99% uptime,' said Sam Henry, President of Horizon Power Systems. 'The company knows the reliability and low maintenance of microturbine-based energy systems. Even with the catastrophic storms that have rolled through the Basin this year, the microturbine fleet has maintained its near-perfect uptime. Capstone microturbines meet Wyoming's stringent air quality rules and make permitting very easy,' added Henry.

About Capstone Green Energy

Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.

To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: [email protected].

For more information about the Company, please visit www.CapstoneGreenEnergy.com.

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