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Benzinga
Benzinga
Business
Akanksha Bakshi

Capstone Distributor Secures Six Orders For C65 Microturbines

CGRN California Capstone Green Energy Corp Nasdaq Oil Hawaii Hydrogen Natural Gas Nevada Oregon
  • Cal Microturbine, Capstone Green Energy Corp's (NASDAQ:CGRN) exclusive distributor for California, Hawaii, Nevada, Oregon, and Washington, has secured six orders for C65 microturbines throughout the state of California. Financial terms were not disclosed.
  • The 16 C65 units will be installed for customers in the agriculture, oil and gas, and hospitality industries.
  • The systems are expected to be commissioned in early 2023. The microturbines will be fueled by natural gas but can run on a 30% hydrogen blend when customers have access to such fuel blends in the future.
  • Price Action: CGRN shares traded higher by 5.58% at $2.84 on Monday's last check.
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