Capstone Green Energy (NASDAQ:CGRN) Systems To Provide 3.4 MW of Power for Renewable Energy Operation in California

Research, News, and Market Data on Capstone Green Energy

 

3.4 MW Low Emission Energy System will Run on 100% Renewable Fuel.

VAN NUYS, CA / ACCESSWIRE / January 21, 2022 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), (“Capstone,” the “Company,” “we” or “us”), a global leader in carbon reduction and on-site resilient green energy solutions, today announced that its West Coast distributor, Cal Microturbine, has secured a contract to provide a 3.4 MW microturbine based system for a renewable energy customer in southern California.

The system, which will be configured with three Capstone Green Energy C1000S Signature Series microturbines and one C400S Signature Series microturbine, will provide onsite power at the customer’s facility using 100% renewable fuel.

“This order is indicative of the shift we are seeing to more renewable fueled energy projects in recent years,” stated Jen Derstine, Vice President of Marketing and Distribution at Capstone Green Energy. “In fiscal 2019, renewables made up 7% of our overall business and in fiscal 2021 they made up 13% of our business. That should continue to grow based on incentives, access to renewable fuels and improvements in renewable energy technologies,” concluded Ms. Derstine.

The customer initially considered leveraging reciprocating engines for the project but ultimately selected Capstone Green Energy’s microturbines due to their best-in-class rating for low emissions and low life cycle costs.

“Capstone’s autonomous microturbine technology is an ideal fit for renewable fueled projects,” said Ryan Brown, Chief Executive Officer of Cal Microturbine. “The ultra-low emissions technology and low maintenance design allow our clients to execute on their green energy initiatives without the need for a costly onsite operator.”

“On an environmental scale, Capstone microturbines provide can be an important tool in the fight against climate change,” said Darren Jamison, Chief Executive Officer of Capstone Green Energy. “On a business strategy level, particularly for those businesses in California, our technology makes meeting air quality regulations significantly less complicated and less costly than many alternatives currently on the market,” Mr. Jamison concluded.

About Capstone Green Energy
Capstone Green Energy (www.CapstoneGreenEnergy.com) (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.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three fiscal years are estimated to be approximately $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.

Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural 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 threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

CONTACT:
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com

SOURCE: Capstone Green Energy Corporation

Gevo to Report Fourth Quarter 2021 Financial Results on February 24, 2022

Research, News, and Market Data on Gevo

 

ENGLEWOOD, Colo., Jan. 19, 2022 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) announced today that it will host a conference call on February 24, 2022 at 4:30 p.m. EST (2:30 p.m. MST) to report its financial results for the fourth quarter ended December 31, 2021 and provide an update on recent corporate highlights.

To participate in the conference call, please dial (833) 729-4776 (inside the U.S.) or (830) 213-7701 and reference the access code 3465026#.

A replay of the call will be available two hours after the conference call ends on February 24, 2022. To access the replay, please visit https://edge.media-server.com/mmc/p/38zwqbqa

The archived webcast will be available in the Investor Relations section of Gevo’s website at www.gevo.com .

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel, and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full lifecycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their lifecycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented, technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low carbon products such as gasoline components, jet fuel, and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that Argonne National Laboratory GREET model is the best available standard of scientific based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

Investor and Media Contact

Heather Manuel, VP of Investor Relations and Corporate Communications

IR@gevo.com

+1 720-418-0085

Gevo to Report Fourth Quarter 2021 Financial Results on February 24, 2022

Research, News, and Market Data on Gevo

 

ENGLEWOOD, Colo., Jan. 19, 2022 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) announced today that it will host a conference call on February 24, 2022 at 4:30 p.m. EST (2:30 p.m. MST) to report its financial results for the fourth quarter ended December 31, 2021 and provide an update on recent corporate highlights.

To participate in the conference call, please dial (833) 729-4776 (inside the U.S.) or (830) 213-7701 and reference the access code 3465026#.

A replay of the call will be available two hours after the conference call ends on February 24, 2022. To access the replay, please visit https://edge.media-server.com/mmc/p/38zwqbqa

The archived webcast will be available in the Investor Relations section of Gevo’s website at www.gevo.com .

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel, and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full lifecycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their lifecycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented, technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low carbon products such as gasoline components, jet fuel, and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that Argonne National Laboratory GREET model is the best available standard of scientific based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

Investor and Media Contact

Heather Manuel, VP of Investor Relations and Corporate Communications

IR@gevo.com

+1 720-418-0085

Energy: Fourth Quarter 2021 Review and Outlook

Noble Capital Markets Energy Sector Newsletter

Source: Capital IQ as of 12/31/2021

Energy Fundamental Data

Source: Energy Information Administration as of 12/31/2021

ENERGY INDUSTRY OUTLOOK

Exploration and Production: 2021-4Q Review and Outlook

Energy Stocks Performance

Energy stocks, as measured by the XLE Energy Index, began the quarter on a high note outperforming the overall market. As we entered the second half of the quarter, however, energy stocks leveled off while the overall market continued to rise. For the quarter ended December 31, 2021, the XLE rose almost 6% while the S&P 500 Index rose some 10%.

Oil Prices

As is usually the case, the XLE tracked the movement in oil prices. WTI oil prices have been on a tear this year including a sharp increase in October reaching a peak price of $84.65/bbl on October 21. Prices cooled off a bit since then, but remain above $75/bbl., which is near a five-year high (excluding the October run up). Brent oil prices continue to track a few dollars above WTI prices and ended the quarter at $78/bbl. Futures prices are flat holding in the mid seventies for several months implying that the market believes supply and demand have reached a point of equilibrium. More surprisingly, domestic production has also been slow to respond to higher prices. Active rigs have doubled since bottoming out in the spring of 2020 but remain at levels only half that of 2018, the last time oil prices were at this level.

Natural Gas Prices

Natural gas prices have also been exceptionally strong early in the quarter climbing above $6/mcf. entering the heating season. Mild weather in November and December have tempered the sharp rise but prices remain above $3.50/mcf, a very profitable level for natural gas producers. Storage levels, which were running high most of 2020, have returned to historical levels. Drilling activity remains steady. As is the case with oil, we believe the lack of a supply response could mean that natural gas prices remain at elevated levels for several quarters.

Outlook

Energy industry fundamentals remain strong. Energy prices are high and show no sign of decreasing. Past concerns of industry-wide reductions in lifting costs or a fundamental shift away from carbon-based fuels have gone to the wayside due to a lack of supply response to higher prices. Managements seem cautious due to concerns that demand could collapse with another COVID outburst or perhaps that OPEC would punish any expansion by flooding the market. The drilling that is being done is very profitable and that should lead to higher company profits and improved company financials. We believe small energy companies that can expand without drawing attention may be at an advantage.

Source: Michael Heim 01/04/2022; Energy Information Agency (EIA)

Source: Capital IQ as of 12/31/2021

Oil & Gas – Comparable Tables 

Source: Capital IQ as of 12/31/2021

Oil & Gas – LTM Equity Performance 

Source: Capital IQ as of 12/31/2021

Oil & Gas – 2021-4Q Global M&A Activity 

Source: Capital IQ as of 12/31/2021

Power Generation – Comparable Tables 

Source: Capital IQ as of 12/31/2021

Power Generation – LTM Equity Performance 

Source: Capital IQ as of 12/31/2021

Power Generation – 2021-4Q Global M&A Activity 

Source: Capital IQ as of 12/31/2021

Energy Services – Comparable Tables 

Source: Capital IQ as of 12/31/2021

Energy Services – LTM Equity Performance 

Source: Capital IQ as of 12/31/2021

Energy Services – 2021-4Q M&A Activity 

Source: Capital IQ as of 12/31/2021

Mineral Energy – Comparable Tables 

Source: Capital IQ as of 12/31/2021

Mineral Energy – LTM Equity Performance 

Source: Capital IQ as of 12/31/2021

Mineral Energy – 2021 Global M&A Activity 

Source: Capital IQ as of 12/31/2021

LTM Energy – Energy Industry M&A Summary 

Source: Capital IQ as of 12/31/2021

NOBLE QUARTERLY HIGHLIGHTS

Standard Uranium Ltd. (TSXV:STND)

Industry: Energy – Mineral Energy

Standard Uranium is a mineral resource exploration company based in Vancouver, British Columbia. Since its establishment, Standard Uranium has focused on the identification and development of prospective exploration stage uranium projects in the Athabasca Basin in Saskatchewan, Canada. Standard Uranium’s Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, is comprised of 21 mineral claims over 25,886 hectares. The Davidson River Project is highly prospective for basement hosted uranium deposits yet remains relatively untested by drilling despite its location along trend from recent high-grade uranium discoveries.

4th Quarter News Highlights:

November 9, 2021: The Company announced the completion of the Phase II summer 2021 diamond drilling program at the Company’s flagship 25,886-hectare Davidson River Project, located in the Southwest Athabasca Uranium District of Saskatchewan, approximately 25 km to 30 km, respectively, to the west of Fission Uranium’s Triple R and NexGen’s Arrow deposits.

Laramide Resources Ltd. (TSX:LAM)

Industry:Mineral Energy; Exploration and production

Laramide is a Canadian-based company with diversified uranium assets strategically positioned in the United States and Australia that have been chosen for their low-cost production potential. Laramide’s Churchrock and Crownpoint properties form a leading In-Situ Recovery (ISR) division that benefits from significant mineral resources and near-term development potential. Additional U.S. assets include La Jara Mesa in Grants, New Mexico, and La Sal in the Lisbon Valley district of Utah. The Company’s Australian advanced stage Westmoreland is one of the largest uranium projects currently held by a junior mining company.

4th Quarter News Highlights:

November 15, 2021: Laramide Resources announced the commencement of an exploration program at Murphy Uranium Project in Northern Territory, Australia. The Company launched a helicopter supported reconnaissance stream and soil sampling program designed to test for uranium, gold and a suite of other precious and base metals, hosted within favorable geological units on ELs 9319 and 9414 in the Northern Territory.

Journey Energy Inc. (TSX:JOY)

Industry: Energy – Oil & Gas; Exploration and production

Journey is a Canadian exploration and production company focused on conventional, oil-weighted operations in western Canada. Journey’s strategy is to grow its production base by drilling on its existing core lands, implementing water flood projects, executing on accretive acquisitions. Journey seeks to optimize its legacy oil pools on existing lands through the application of best practices in horizontal drilling and, where feasible, with water floods.

4th Quarter News Highlights:

November 9, 2021: The company announced that the Duvernay drilling program has advanced to the point where Journey has significant production history for the three wells drilled by its joint venture partner, Kiwetinohk Resources Corp. (“KRC”). These wells rank in the top tier of all wells drilled to date in the East Shale Duvernay basin. The success to date in this play highlights the significant development potential of the Duvernay land block. The joint venture currently controls approximately 116 gross sections where Journey has an average working interest of 37.5% (43.5 net sections).

Source: Company Press Releases

DOWNLOAD THE FULL REPORT (PDF)

Noble Capital Markets Energy Newsletter Q4 2021

This newsletter was prepared and provided by Noble Capital Markets, Inc. For any questions and/or requests regarding this newsletter, please contact >Francisco Penafiel

DISCLAIMER

All statements or opinions contained herein that include the words “ we”,“ or “ are solely the responsibility of NOBLE Capital Markets, Inc and do not necessarily reflect statements or opinions expressed by any person or party affiliated with companies mentioned in this report Any opinions expressed herein are subject to change without notice All information provided herein is based on public and non public information believed to be accurate and reliable, but is not necessarily complete and cannot be guaranteed No judgment is hereby expressed or should be implied as to the suitability of any security described herein for any specific investor or any specific investment portfolio The decision to undertake any investment regarding the security mentioned herein should be made by each reader of this publication based on their own appraisal of the implications and risks of such decision This publication is intended for information purposes only and shall not constitute an offer to buy/ sell or the solicitation of an offer to buy/sell any security mentioned in this report, nor shall there be any sale of the security herein in any state or domicile in which said offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or domicile This publication and all information, comments, statements or opinions contained or expressed herein are applicable only as of the date of this publication and subject to change without prior notice Past performance is not indicative of future results.

Please refer to the above PDF for a complete list of disclaimers pertaining to this newsletter

Thursday, January 13, 2022

InPlay Oil (IPOOF)(IPO:CA)
What to do when everything’s going well? Do more!

As of April 24, 2020, Noble Capital Markets research on InPlay Oil is published under ticker symbols (IPOOF and IPO:CA). The price target is in USD and based on ticker symbol IPOOF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. InPlay Oil is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities. The common shares of InPlay trade on the Toronto Stock Exchange under the symbol IPO and the OTCQZ Exchange under the symbol IPOOF.

Michael Heim, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

InPlay set initial 2022 capital budget and operational guidance above our aggressive targets. Management plans to spend C$58 million (vs our C$52) to drill 17 wells (16). With wells paying for themselves in months, expanding drilling is an easy decision. Notably, six of the wells will be drilled in the first quarter which will add to production early in the year. Management forecasts 2022 production of 8,900-9,200 BOE/day in line with our estimate of 9,200 BOE/day. InPlay has a track record of upping guidance if drilling is successful and we would not be surprised to see management do so again in 2022.


Increased drilling means improved financial results.  Management projects AFF (Adjusted Fund Flow) of C$111-$117 million in 2022 above our model’s C$110 million. The higher amount largely reflects a higher oil price assumption ($72.50/bbl vs $70/bbl) but also speaks well about management’s expectations regarding well operating costs. Management projects net debt at the end of 2022 of C$22-$28 …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Thursday, January 13, 2022

InPlay Oil (IPOOF)(IPO:CA)
What to do when everything’s going well? Do more!

As of April 24, 2020, Noble Capital Markets research on InPlay Oil is published under ticker symbols (IPOOF and IPO:CA). The price target is in USD and based on ticker symbol IPOOF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. InPlay Oil is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities. The common shares of InPlay trade on the Toronto Stock Exchange under the symbol IPO and the OTCQZ Exchange under the symbol IPOOF.

Michael Heim, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

InPlay set initial 2022 capital budget and operational guidance above our aggressive targets. Management plans to spend C$58 million (vs our C$52) to drill 17 wells (16). With wells paying for themselves in months, expanding drilling is an easy decision. Notably, six of the wells will be drilled in the first quarter which will add to production early in the year. Management forecasts 2022 production of 8,900-9,200 BOE/day in line with our estimate of 9,200 BOE/day. InPlay has a track record of upping guidance if drilling is successful and we would not be surprised to see management do so again in 2022.


Increased drilling means improved financial results.  Management projects AFF (Adjusted Fund Flow) of C$111-$117 million in 2022 above our model’s C$110 million. The higher amount largely reflects a higher oil price assumption ($72.50/bbl vs $70/bbl) but also speaks well about management’s expectations regarding well operating costs. Management projects net debt at the end of 2022 of C$22-$28 …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

 

Capstone Green Energy (NASDAQ: CGRN) Signs 20-Year Parts & Labor Service Contract on an 800KW Energy System Installed at a Premier Hotel in Jamaica

Research, News, and Market Data on Capstone Green Energy

 

Capstone Green Energy Continues to Expand its Energy as a Service Business

VAN NUYS, CA / ACCESSWIRE / January 11, 2022 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), (“Capstone”, the “Company”, “we” or “us”), a global leader in carbon reduction and on-site resilient green energy as a service (EaaS) solutions, announced today that Innovative Energy Company Limited (IEC), the exclusive Capstone distributor for Jamaica (www.ieclja.com), signed a 20-year Parts & Labor Factory Protection Plan (FPP) service contract for a C800S, 800 kilowatt (kW), Signature Series Capstone energy system installed at a premier hotel in Jamaica.

Capstone Green Energy continues to expand its Energy as a Service (EaaS) business, including its industry-leading FPP long-term comprehensive service product and its long-term rental program, both of which are important elements to Capstone achieving its near-term profitability goals as service contracts and rentals agreements generate higher contribution margin rates than traditional product sales.

The 225-room hotel commissioned the Capstone 800 kW energy system in June 2020 as they sought to reduce their energy costs by employing a Capstone Energy System tri-generation solution. The CCHP application has a project design efficiency of 83%. The Capstone C800S provides more than 95% of the hotel’s annual electrical energy, 100% of the hotel’s domestic hot water, and 80% of the hotel’s peak cooling demand by utilizing the exhaust gas. With Casptone’s energy system the hotel is reducing its annual energy costs while also reducing its greenhouse gas emissions. The C800S is also configured as Dual-Mode with integrated battery packs, which will allow the hotel to continue to operate in the event of a local grid outage.

Capstone’s industry-leading FPP long-term comprehensive service product is designed to provide complete service coverage, parts and labor for both scheduled and unscheduled maintenance for the next 20-years and protect the end-use customer from future cost increases associated with labor, replacement spare parts pricing, commodities, import tariffs, and interest rates.

“Now is the time to prepare for more intense weather events ahead as climate change is affecting everyone on a global scale. Meeting the customer’s operational needs for a stable power supply in a region impacted by severe weather while providing significant financial savings through a long-term full-coverage service contract is key to what Capstone Green Energy brings to the energy market,” said Tracy Chidbachian, Director of Customer Service.

“The 2021 Atlantic hurricane season was the third most active hurricane season on record with storms getting stronger and lasting longer, resulting in short and long-term physical and economical damages. In most cases, the unpredictable and severe weather results in extended grid outages,” said Darren Jamison, Chief Executive Officer of Capstone Green Energy. “A Capstone on-site energy system reduces the operational risks of grid outages and is designed to provide resiliency and reliability by providing continuous operation, making the Capstone high efficiency and low emission energy system the ideal solution in the Caribbean,” concluded Mr. Jamison.

About Capstone Green Energy

Capstone Green Energy (www.CapstoneGreenEnergy.com) (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 Conversion Products 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 Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, Capstone Green Energy offers customers a variety of hydrogen products, including the Company’s microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three fiscal years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.

For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural 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 threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

CONTACT:

Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com

SOURCE: Capstone Green Energy Corporation

 

Capstone Green Energy (NASDAQ: CGRN) Signs 20-Year Parts & Labor Service Contract on an 800KW Energy System Installed at a Premier Hotel in Jamaica

Research, News, and Market Data on Capstone Green Energy

 

Capstone Green Energy Continues to Expand its Energy as a Service Business

VAN NUYS, CA / ACCESSWIRE / January 11, 2022 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), (“Capstone”, the “Company”, “we” or “us”), a global leader in carbon reduction and on-site resilient green energy as a service (EaaS) solutions, announced today that Innovative Energy Company Limited (IEC), the exclusive Capstone distributor for Jamaica (www.ieclja.com), signed a 20-year Parts & Labor Factory Protection Plan (FPP) service contract for a C800S, 800 kilowatt (kW), Signature Series Capstone energy system installed at a premier hotel in Jamaica.

Capstone Green Energy continues to expand its Energy as a Service (EaaS) business, including its industry-leading FPP long-term comprehensive service product and its long-term rental program, both of which are important elements to Capstone achieving its near-term profitability goals as service contracts and rentals agreements generate higher contribution margin rates than traditional product sales.

The 225-room hotel commissioned the Capstone 800 kW energy system in June 2020 as they sought to reduce their energy costs by employing a Capstone Energy System tri-generation solution. The CCHP application has a project design efficiency of 83%. The Capstone C800S provides more than 95% of the hotel’s annual electrical energy, 100% of the hotel’s domestic hot water, and 80% of the hotel’s peak cooling demand by utilizing the exhaust gas. With Casptone’s energy system the hotel is reducing its annual energy costs while also reducing its greenhouse gas emissions. The C800S is also configured as Dual-Mode with integrated battery packs, which will allow the hotel to continue to operate in the event of a local grid outage.

Capstone’s industry-leading FPP long-term comprehensive service product is designed to provide complete service coverage, parts and labor for both scheduled and unscheduled maintenance for the next 20-years and protect the end-use customer from future cost increases associated with labor, replacement spare parts pricing, commodities, import tariffs, and interest rates.

“Now is the time to prepare for more intense weather events ahead as climate change is affecting everyone on a global scale. Meeting the customer’s operational needs for a stable power supply in a region impacted by severe weather while providing significant financial savings through a long-term full-coverage service contract is key to what Capstone Green Energy brings to the energy market,” said Tracy Chidbachian, Director of Customer Service.

“The 2021 Atlantic hurricane season was the third most active hurricane season on record with storms getting stronger and lasting longer, resulting in short and long-term physical and economical damages. In most cases, the unpredictable and severe weather results in extended grid outages,” said Darren Jamison, Chief Executive Officer of Capstone Green Energy. “A Capstone on-site energy system reduces the operational risks of grid outages and is designed to provide resiliency and reliability by providing continuous operation, making the Capstone high efficiency and low emission energy system the ideal solution in the Caribbean,” concluded Mr. Jamison.

About Capstone Green Energy

Capstone Green Energy (www.CapstoneGreenEnergy.com) (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 Conversion Products 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 Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, Capstone Green Energy offers customers a variety of hydrogen products, including the Company’s microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three fiscal years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.

For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural 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 threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

CONTACT:

Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com

SOURCE: Capstone Green Energy Corporation

	Image Credit: EnergyTomorrow – Drill Bit (Flickr) 

Why Some Forecasters are Bullish on Oil in 2022

 

Crude oil and oil companies finished 2021 strong despite the increased Covid19 infection rate during December. Forecasters are expecting supply and demand factors to continue to put upward price pressure on crude oil, and related companies.

Background

A dip in oil prices just after Thanksgiving appeared to be in response to fears of a new Covid19 variant potentially impacting holiday travel and other economic activity.  The move reversed as we moved through December as we experienced crude prices regaining lost ground. As the first trading week of 2022 comes to a close, energy prices have continued up in response to problems in Kazakhstan, but forecasts are bullish on the commodity and the sector beyond problems in that producer country.

 

 

From a demand standpoint, consumption remained strong for oil in December. This demand could increase further as manufacturing activity has been shown to be increasing as supply chain bottlenecks are beginning to lessen.

Although large economies are showing expansion the coronavirus recovery has been full of stops and starts, there is much uncertainty as to what lies ahead. With further recovery and reduced restrictions in travel, demand should increase further.

The Energy Information Administration (EIA) is expecting the trend of inventory drawdowns to slowly reverse this year. Any inventory growth could create downward pressure on crude oil prices. The EIA is forecasting Brent Crude prices averaging $71/barrel in Q2 2022, $70/barrel in Q3 2022, and $67/barrel in Q4 2022. But with part of the increased supply expected to come from U.S. shale, there remain significant caveats to their forecast.

 

 

The supply side is less certain. At its December 2^nd meeting, OPEC+ agreed to extend an increase in February of 400,000 barrels per day. It’s important to note that while OPEC+ has been increasing its output target at these meetings, actual production has fallen short as some members are struggling with capacity problems. So the announcements are viewed with the backdrop of OPEC+ producers missing their targets by 730,000 bpd in October and by 650,000 bpd in November.

In a quarterly energy industry report released this week, titled,  Energy
Stocks Level out But Pricing is Still Attractive, Senior Research Analyst, Michael Heim, CFA, at Noble Capital Markets, Inc. wrote, “Energy industry fundamentals remain strong. Energy prices are high and show no sign of decreasing.” Heim is constructive on the price of oil and the related producers, “The drilling that is being done is very profitable and that should lead to higher company profits and improved company financials. We believe small energy companies that can expand without drawing attention may be at an advantage,” said Heim. 

 

Take-Away

Oil prices remain strong and have continued to rise into 2022. Threats to production from unrest in Kazakhstan have added to potential supply concerns and the strength we have seen so far in 2022.

OPEC+ producers have been regularly falling short of their targets, there is no reason to expect this to change. As supply bottlenecks ease, demand for oil should increase, however, inventory drawdowns are tapering and are expected to eventually reverse.

The first week of 2022 has seen oil prices shoot up over 5% and oil stocks finding themselves in the strongest sector.

Paul Hoffman

Managing Editor, Channelchek

Suggested Reading:

Energy Stocks Level Out but Pricing is Still Attractive – Industry Report

Metals & Mining Fourth Quarter 2021 Review and Outlook – Industry Report

Natural Gas Protests in Kazakhstan May Impact Global Fuel Costs Across the Board

Is Thorium, Not Uranium the Future of Power Generation?

 

 

Sources:

https://www.energy.gov/fecm/articles/summary-50-million-barrel-release-strategic-petroleum-reserve

https://oilprice.com/

https://www.opec.org/opec_web/en/press_room/6766.htm

https://www.eia.gov/outlooks/steo/marketreview/crude.php

 

Stay up to date. Follow us:

	Image Credit: EnergyTomorrow – Drill Bit (Flickr) 

Why Some Forecasters are Bullish on Oil in 2022

 

Crude oil and oil companies finished 2021 strong despite the increased Covid19 infection rate during December. Forecasters are expecting supply and demand factors to continue to put upward price pressure on crude oil, and related companies.

Background

A dip in oil prices just after Thanksgiving appeared to be in response to fears of a new Covid19 variant potentially impacting holiday travel and other economic activity.  The move reversed as we moved through December as we experienced crude prices regaining lost ground. As the first trading week of 2022 comes to a close, energy prices have continued up in response to problems in Kazakhstan, but forecasts are bullish on the commodity and the sector beyond problems in that producer country.

 

 

From a demand standpoint, consumption remained strong for oil in December. This demand could increase further as manufacturing activity has been shown to be increasing as supply chain bottlenecks are beginning to lessen.

Although large economies are showing expansion the coronavirus recovery has been full of stops and starts, there is much uncertainty as to what lies ahead. With further recovery and reduced restrictions in travel, demand should increase further.

The Energy Information Administration (EIA) is expecting the trend of inventory drawdowns to slowly reverse this year. Any inventory growth could create downward pressure on crude oil prices. The EIA is forecasting Brent Crude prices averaging $71/barrel in Q2 2022, $70/barrel in Q3 2022, and $67/barrel in Q4 2022. But with part of the increased supply expected to come from U.S. shale, there remain significant caveats to their forecast.

 

 

The supply side is less certain. At its December 2^nd meeting, OPEC+ agreed to extend an increase in February of 400,000 barrels per day. It’s important to note that while OPEC+ has been increasing its output target at these meetings, actual production has fallen short as some members are struggling with capacity problems. So the announcements are viewed with the backdrop of OPEC+ producers missing their targets by 730,000 bpd in October and by 650,000 bpd in November.

In a quarterly energy industry report released this week, titled,  Energy
Stocks Level out But Pricing is Still Attractive, Senior Research Analyst, Michael Heim, CFA, at Noble Capital Markets, Inc. wrote, “Energy industry fundamentals remain strong. Energy prices are high and show no sign of decreasing.” Heim is constructive on the price of oil and the related producers, “The drilling that is being done is very profitable and that should lead to higher company profits and improved company financials. We believe small energy companies that can expand without drawing attention may be at an advantage,” said Heim. 

 

Take-Away

Oil prices remain strong and have continued to rise into 2022. Threats to production from unrest in Kazakhstan have added to potential supply concerns and the strength we have seen so far in 2022.

OPEC+ producers have been regularly falling short of their targets, there is no reason to expect this to change. As supply bottlenecks ease, demand for oil should increase, however, inventory drawdowns are tapering and are expected to eventually reverse.

The first week of 2022 has seen oil prices shoot up over 5% and oil stocks finding themselves in the strongest sector.

Paul Hoffman

Managing Editor, Channelchek

Suggested Reading:

Energy Stocks Level Out but Pricing is Still Attractive – Industry Report

Metals & Mining Fourth Quarter 2021 Review and Outlook – Industry Report

Natural Gas Protests in Kazakhstan May Impact Global Fuel Costs Across the Board

Is Thorium, Not Uranium the Future of Power Generation?

 

 

Sources:

https://www.energy.gov/fecm/articles/summary-50-million-barrel-release-strategic-petroleum-reserve

https://oilprice.com/

https://www.opec.org/opec_web/en/press_room/6766.htm

https://www.eia.gov/outlooks/steo/marketreview/crude.php

 

Stay up to date. Follow us:

 

Capstone Green Energy (NASDAQ:CGRN) Signs with Global RAIS(R) as Its Solar PV Partner for the Growing Commercial & Industrial Microgrid Market

Research, News, and Market Data on Capstone Green Energy

 

Global RAIS^® Is a Provider of Modular, Low Voltage, Kit-Based Solar PV Solutions That Are Efficient, Reliable, Ultra-Safe, Resilient & Cost-Effective

VAN NUYS, CA / ACCESSWIRE / January 6, 2022 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) (“Capstone” or the “Company”), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that it has entered into a supply agreement with Global RAIS^® Energy & Storage Solutions (www.globalrais.com) (“Global RAIS”) for the supply of modular, low voltage, DC to DC solar photovoltaic (PV) kits for use in Capstone’s Commercial and Industrial-focused microgrid solutions.

Capstone Green Energy is partnering with Global RAIS^® because their solar energy systems offer a robust suite of advantages over conventional solar at a competitive price. The key advantages leading to Capstone’s selection are as follows:

Energy Density:
The Global RAIS^® APEX II DUO 450W and 515W modules offer very high power density per square foot of rooftop, which is critical for Capstone Green Energy’s commercial and industrial microgrid customers.

Grid Independence:
The Global RAIS^® systems are compatible with point-of-use system without a grid connection and offer the command and control of array and inverters for microgrid and grid-connected systems, which are key for Capstone’s remote hospitality, telecom, and oil and gas customers.

Redundant Solar Solution:
Unlike conventional solar PV, every element of the Global RAIS^® system has multiple connections so there are no single point failures; this makes the entire system highly robust and resilient. System reliability and resiliency are a cornerstone of Capstone’s value proposition with its commercial and industrial microgrid solutions.

Battery Storage-Ready Solution:
Global RAIS^® intelligent modules can charge batteries directly from the modules for true DC to DC storage, which is beneficial to Capstone’s microgrid solutions. Additionally, the systems naturally fit with Capstone’s 48V battery storage solutions.

Reliable and Robust Product:
The Global RAIS^® modules utilize a matrix topology and proprietary aluminum back sheet with integrated module-level controllers, offering a more robust real-world resiliency which is critical for some of Capstone’s end-use customers in remote and harsh environments.

Ease of Maintenance:
Global RAIS^® has a smart low voltage design (< 60V DC) which makes maintaining a device safe and easy, eliminating the need for costly installation specialists. The systems are low weight and require no roof penetrations.

“We did a significant amount of research to find the right private label solar PV partner with the right technology to help Capstone Green Energy’s customers meet their carbon reduction goals at a realistic cost,” said Capstone Green Energy Chief Executive Officer, Darren Jamison. “After considering several photovoltaic products on the market, Capstone selected Global RAIS^® because their product best meets the requirements of most of our commercial and industrial microgrid customers, at a competitive cost.”

“Global RAIS^® is proud to partner with Capstone Green Energy as a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their carbon reduction, energy savings and resiliency goals,” stated Bob Vanderhoff, Chief Executive Officer of Global RAIS^® Energy & Storage Solutions.

Global RAIS^® Energy and Storage Solutions purchased the intellectual property (IP) and related assets of tenKsolar^® in 2019. The Global RAIS^® solar technology has been deployed at almost 3,000 installations worldwide since 2008.

About Capstone Green Energy
Capstone Green Energy (www.CapstoneGreenEnergy.com) (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 (H&S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company’s microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three fiscal years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.

For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

About Global RAIS^® Energy and Storage Solutions
Global RAIS^® Energy and Storage Solutions (www.globalrais.com) provides modular, low voltage, kit-based solar PV solutions that are efficient, reliable, and cost-effective. Its lightweight, ballasted systems are easy and safe to install, requiring less man-hours and reducing the cost for installation. Global RAIS’s ultra-safe systems can be adapted for small to mid-size off-grid and grid-tied installations and feature a unique DC to DC storage capability. Our highly resilient systems are more reliable in harsh and extreme environments.

Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural 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 threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

CONTACT:
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com

SOURCE: Capstone Green Energy Corporation