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Benzinga
Benzinga
Business
Akanksha Bakshi

Capstone Distributor Bags Contract To Provide Microturbine System To Gas-to-Energy Project In New England

New England Capstone (Organization) Capstone Green Energy CGRN Capstone Green Energy Corp
  • Capstone Green Energy Corp (NASDAQ:CGRN) distributor Vergent Power has secured a contract to provide a one-megawatt microturbine system to be installed in a landfill gas-to-energy project for a solid waste facility in New England. Financial terms were not disclosed.
  • The waste-to-energy project is expected to be commissioned in early 2023. The project will reduce greenhouse gas emissions in New England by 3,500 tons per year.
  • The landfill generates and flares ~350 standard cubic feet per minute of landfill gas. The new project will convert the gas into electricity using the Capstone C1000S microturbine system.
  • Darren Jamison, President and CEO of Capstone Green Energy, said, "We look forward to many more innovative, carbon-reducing projects from Vergent Power in New England in the future."
  • Price Action: CGRN shares are trading lower by 0.95% at $4.16 on the last check Friday.
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