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The system represents a new energy concept in its configuration to generate steam
VAN NUYS, CA / ACCESSWIRE / December 3, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN), ("Capstone", "Company", "us" or "us"), one The global leader in carbon emission reduction and on-site flexible green energy solutions, today announced that its distributor Wels Strom GmbH (www.eww.at/ueber-uns/wels-strom-gmbh) in Austria and Germany has signed an agreement with IFG Asota (part of the International Fibers Group) provides a combined heat and power (CHP) system and a 10-year plant protection plan for its fiber manufacturing plant in Linz, Austria.
The new system will be built around Capstone C600S, which will provide on-site power for facility operations and manufacturing processes. It will also be configured to send waste heat to the boiler to produce steam for the factory's production machinery. This is a new energy concept for this type of application, because the exhaust gas is sent to the waste heat flue of the steam boiler through the exhaust pipe. In order to utilize the waste heat after the waste heat flue, IFG Asota will install a new low temperature system for production.
IFG Asota chose Capstone's energy system as a variety of ways for the technology to support the company's commitment to sustainable development. The combination of energy system and steam boiler provides an efficient and low-emission solution. In addition, part of the fuel used by the Capstone system will be hydrogen, which is considered a renewable resource and will not produce carbon dioxide emissions.
The contract includes Capstone’s 10-year plant protection plan or FPP, a comprehensive maintenance plan designed to provide Capstone customers with a fixed rate of product life cycle costs for planned and unplanned maintenance of the energy life cycle. Financial peace of mind system. FPP also protects customers from possible sharp increases in life cycle costs related to replacement spare parts pricing, commodity price increases, import tariffs and changes in interest rates in the future.
"We look forward to working with IFG Asota to establish an efficient and sustainable energy supply," said Christian Steininger, head of energy solutions sales at Wels Strom GmbH.
Darren Jamison, CEO of Capstone Green Energy, said: “Manufacturing plants like IFG Asota have great potential for achieving cost, efficiency and sustainability benefits. “Although different departments and different locations have their own unique processes and needs, we The energy system is highly adaptable and can be configured to maximize the use of existing resources or use new resources. "
Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading supplier of customized microgrid solutions and on-site energy technology systems, dedicated to helping customers around the world achieve their environmental, energy-saving and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its energy-as-a-service (EaaS) business, the company uses its micro-turbine energy system and battery storage system, a comprehensive factory protection plan (FPP) service contract, guarantees life cycle costs and after-sales parts, and provides rental solutions. Energy Power Generation Technology (EGT) is driven by the company’s industry-leading, high-efficiency, low-emission, and flexible micro-turbine energy system. In addition to a wide range of customized solutions, it also provides scalable solutions, including hybrid energy systems and larger frameworks. Industrial Turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems, using a combination of battery technology and monitoring software to create customized solutions. Through Hydrogen and Sustainable Products (H2S), Capstone Green Energy provides customers with a variety of hydrogen products, including the company's micro-turbine energy system.
For customers with limited funds or short-term needs, Capstone provides a rental system; for more information, please contact: rentals@CGRNenergy.com. To date, Capstone has shipped more than 10,000 devices to 83 countries, and it is estimated that in fiscal year 21, it has saved customers more than $217 million in annual energy costs and approximately 397,000 tons of carbon. The total savings over the past three years is estimated to be approximately US$698 million in energy savings and approximately 1,115,100 tons of carbon savings.
For more information about the company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook and YouTube.
Note on forward-looking statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations regarding the implementation of green initiatives and company growth strategies, and other statements regarding company expectations, beliefs, plans, intentions, and strategies . The company tries to use such things as "expects", "anticipates", "believes", "may", "should", "estimates", "intends", "may", "will," "plans", "targets" and similar Terms and phrases, but such words, terms and phrases are not the only way to identify such statements. Due to various risks, uncertainties and other factors, including but not limited to the following factors, actual results, performance and achievements may be related to these There are major differences in the content expressed or implied in the forward-looking statements: the COVID-19 pandemic; the availability of credit and compliance with agreements regarding company debt; the company’s ability to develop new products and upgrade existing products; product quality issues, including whether reserves Adequacy and exposure of warranty costs; fierce competition; the financial performance of the oil and gas industry and other general business, industry and economic conditions; the company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatening litigation. This may affect the company’s future For a detailed discussion of operating performance factors, please refer to the company’s filings with the US Securities and Exchange Commission, including the disclosures in these documents under “risk factors.” Unless expressly required by the federal securities laws, the company does not undertake to update or revise any forward-looking statements Obligations, whether due to new information, changing circumstances or future events or any other reason.
Contact: Capstone Green Energy Investors and investment media inquiries: 818-407-3628 ir@CGRNenergy.com
Source: Capstone Green Energy Corporation
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