Capstone Green Energy Corporation recently secured a contract to work on two Capstone Signature Series C600S natural gas-fueled systems installed in Eastern Europe.
Being a global leader in carbon reduction, this new contract marks a huge step for Capstone as it offers rental solutions by using its microturbine energy and battery storage systems, according to a Jan. 27 press release.
"Capstone continues to focus on expanding our EaaS business, including our innovative FPP service program, as extended service agreements generate higher margin rates than traditional product sales," said Darren Jamison, president and CEO of Capstone Green Energy in the release. "Our FPP service business in conjunction with our long-term rental fleet are the cornerstones of our EaaS business, which we believe to be key to achieving our profitability goals."
The two units are projected to generate 1.2 megawatts (MWs) of power, the release stated. Both units are owned by Cemacon, Romania's largest ceramic block producer. Cemacon was founded in 1969 and has become a market leader in Transylvania.
"For this industry, the installation signals a progressive approach with the significantly reduced emissions, improved environmental footprint, and high net efficiency," said Tracy Chidbachian, Capstone's director of customer service.
The plan is designed to provide 10 years of comprehensive maintenance, according to the release.
"We are meeting the customer's operational needs for a secure and stable drying process and doing so in an environmentally responsible manner while providing the customer significant financial savings," Chidbachian said.