EuroDry Ltd. Announces Agreement to Acquire M/V Ruby Asia II, a 2014- Built Ultramax Bulker EuroDry Ltd announced that it has agreed to acquire M/V Asia Ruby II, a 62,996 dwt drybulk vessel built in 2014, for $24.5 million Research, News & Market Data on EuroDry Watch recent presentation from EuroDry

Voyager Digital Announces Conditional Approval to List on the Toronto Stock Exchange Voyager Digital announced that its stock will trade on the TSX under the new ticker symbol VOYG and de-list from the CSE Research, News & Market Data on Voyager Digital Watch recent presentation from Voyager Digital

TAAL Announces 2021 Second-Quarter Revenue of $6.7 Million, and Adjusted EBITDA of $629,000 TAAL Distributed Information Technologies announced its financial results for the three and six months ended June 30, 2021 Research, News & Market Data on TAAL Watch recent presentation from TAAL

Capstone Green Energy Expands Rental Fleet to 13.1 MW Capstone Green Energy announced that its southern U.S. distributor, Lone Star Power Solutions, has contracted with a remote data center in Louisiana to provide a long-term rental of a Capstone C1000S microturbine system Research, News & Market Data on Capstone Green Energy Watch recent presentation from Capstone Green Energy

Ceapro Inc. Enters into Research Collaboration with the Angiogenesis Foundation for Beta Glucan and Avenanthramides Ceapro Inc. announced that it has established a formal research collaboration with the Boston-based Angiogenesis Foundation Research, News & Market Data on Ceapro Watch recent presentation from Ceapro

 

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California’s Electric Grid to Add Five New Gas-Powered Plants

 

Five new natural gas-powered generators will be installed in California as energy supply concerns in the state keep mounting. According to the California Department of Water Resources (CDWR) announcement, the state will be temporarily expanding natural gas-generated power by adding new power plants to meet growing concerns.

The CDWR announcement, made last Thursday (August 19), states California has decided to, on a temporary basis, install the new generating capability in existing power plants. Each generator is expected to be able to produce up to 30 megawatts of power for a combined total of 150 megawatts at full capacity. According to the announcement, this is enough additional generating ability to power roughly 25,000 homes. All five new generators are expected to be online around mid-September.

 

Power Need

Expectations for the addition of new gas-powered plants had been increasing over the last several months, according to an article in The
California Globe. Last year the state experienced rolling blackouts during the summer months when energy use is typically highest. These were the first production-related blackouts in 20 years.  

California has been reducing its reliance on fossil fuel power generation in favor of fulfilling its needs through hydroelectric dam generation. The problem has been the very low water levels in the reservoirs have caused many of these generating facilities to go offline.  As part of the solution, the state also has “green” energy plans to help fulfill the needs of the populous state. The natural gas generators coming online are meant as a stop-gap measure, according to the announcement.

 

Removing Hurdles

In July, Governor Newsom issued a state of emergency over the power grid. He ordered solar, wind, and other non-carbon emitting power plants to be expedited. The Governor also temporarily removed air quality rules; this opened the door for increasing the amount of generation that relies on fossil fuels like natural gas.

According to an article originally published by Bloomberg, earlier in 2020, regulators in California were opposed to ordering utilities to add new gas-fired generation. The concern was environmental groups said it would run counter to the state’s decarbonization goals. Officials have been challenged to shore up power output ever since the 2020 blackouts. 

Despite opposition from environmental groups, studies found that that the state may be short by as much as 3,500 megawatts during peak energy times for the rest of the year. While conservation measures would help, it was decided more production would be needed. The idea of the generators came from the CDWR and was backed by the California Energy Commission (CEC). The CEC approved the licenses last Tuesday for up to five plants.

 

Take-Away

The planned demise of reliable fossil fuels may take longer than planned in California and elsewhere. California has demonstrated this with its announcement last week. How possible it will be for other states and the nation to keep on proposed timelines remains to be seen. If California is a representative example, companies whose primary business is production or distribution of the more traditional carbon-emitting fuels may have more time to reinvent and shift some of their business lines to better match the plans, goals, and dictates of governments throughout the world.

 

Paul Hoffman

Managing Editor, Channelchek

 

Noble Capital Markets Uranium Power Players Investor Forum – August 31, 2021 Starting at 9am EDT The Noble Uranium Power Players Investor Forum is a virtual conference bringing together leading companies involved in the exploration and production of uranium. Registration is fast and free.

 

 

Sources:

https://www.rigzone.com/news/wire/california_building_temporary_gas_plants-20-aug-2021-166229-article/

https://californiaglobe.com/section-2/california-adding-5-temporary-natural-gas-power-plants-to-help-alleviate-energy-shortage/

https://www.energy.ca.gov/data-reports/california-power-generation-and-power-sources

https://www.latimes.com/environment/story/2020-10-06/california-rolling-blackouts-climate-change-poor-planning

 

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Capstone Green Energy Expands Rental Fleet to 13.1 MW With C1000S Microturbine Rental System Contracted for a Remote Data Center Handling Blockchain and Cryptocurrency Mining in Louisiana

 

The 1 MW Rental System Will Provide Reliable Power Using the Site’s Waste Gas as Fuel

VAN NUYS, CA / ACCESSWIRE / August 23, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) formerly Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST) (“Capstone” or the “Company”), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that its southern U.S. distributor, Lone Star Power Solutions, has contracted with a remote data center in Louisiana to provide a long-term rental of a Capstone C1000S microturbine system.

Capstone Green Energy continues to expand its Energy as a Service (EaaS) business, including its long-term rental program, which is an important element in achieving its profitability goals as rentals generate higher contribution margin rates than traditional product sales. With this latest contract, the Capstone microturbine rental fleet now stands at 13.1 MW with a goal of expanding to 21.1 MW by March 31, 2022. By offering customers Energy as a Service, Capstone Green Energy is strengthening its commitment to creating smarter energy for a cleaner future, as carbon reduction continues to have ever-increasing value to global customers.

This customer, which is located on an oil and gas well, handles large volume blockchain and cryptocurrency mining, approached Lone Star looking for an innovative way to take advantage of their existing on-site production gas, a byproduct that would otherwise go to waste. Because Capstone microturbines are designed to offer fuel flexibility, the system will use the waste gas, essentially as free fuel, a benefit that not only reduces emissions but also offers operational savings. Further, the added reliability and low maintenance requirements of microturbine-based systems make them an ideal solution for remote locations, which can be hard to reach and often deal with challenging climate conditions.

Cryptocurrency mining is the process by which new crypto “coins” are entered into circulation. Their production requires highly sophisticated computers, often in a data center, to solve complex computational math problems. By their very nature, data centers, like the one in Louisiana, require tremendous amounts of electricity. At a time when the utility grid is strained due to extreme weather, aging infrastructure, and inadequate transmission, on-site power provides a resilient alternative for energy-intensive facilities.

The system is expected to be commissioned in October 2021.

“The ability of Capstone Green Energy microturbines to operate on a wide variety of fuel sources was an integral part of our customer’s operational requirements,” said Doug Demaret, President of Lone Star Power Solutions. “Capstone’s innovative products allow Lone Star Power Solutions to provide its customers with 100% uptime, extremely low emissions, and infrequent visits under the harshest conditions, allowing our customers to focus on their core business.”

“It’s exciting to see this relatively new industry taking progressive steps to address their energy use, especially in using an existing waste stream as a fuel source,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “Doing so not only dramatically reduces emissions, it provides the customer with essential operational benefits like added power security and reduced maintenance costs,” 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 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: Pixabay (Pexels)

Overview of Uranium Stocks Within Three Industry Segments

 

The fundamentals surrounding uranium prices seem to add up to be a perfect storm in
favor of the once-out-of-favor commodity. On the supply side, production is off because of mine closures, meanwhile, demand is rising as the move toward zero CO2 emissions power generation is getting stronger – and government
support is stronger than ever.

Portfolio Exposure 

But, uranium is not your typical commodity. Prices are generally a direct negotiation between utilities and producers, and direct investment presents storage
expenses. Traditionally, investors look toward companies involved in mining uranium to diversify the energy component of their portfolio. As with other natural resources that are pulled from the Earth, there are companies involved in the various stages of mining. These include companies solely involved in Exploration,
Development, or Producing.

Exploration companies are active in exploring properties that they either own or have obtained rights to explore. Producers
are involved in actual mining; they take the mineral from the ground. Developers
take the raw product and make it ready for consumption, in the case of uranium they create something called yellowcake. There is overlap within the industry as some companies are vertically integrated.

All three of these types usually benefit when the price of U3O8 rises. The greater risk/reward for investors is often found on the exploration side and the lowest risk/return is more often found among production companies. Of course, as with any comparison, many factors are involved to determine risk factors. There are also companies that are involved in two or more of these activities.

Companies and Involvement

It’s helpful when evaluating any mining-related company, which activities they are involved in. With this in mind, the list below may be helpful in sorting them out. We also suggest you attend the free online uranium
investor forum available here on Channelchek on August 31. A number of the companies listed below will be discussing their activities and prospects with the Senior Energy Analyst from Noble Capital Markets.

An asterisk (*) in the description indicates that the
company is a hybrid that is active in more than one related activity.

Exploration

Azincourt Energy Corp. (AZZURF) is a Canadian-based exploration stage company. It is engaged in the acquisition, exploration, and development of mineral properties. The company’s two uranium projects include Escalera-Lituania-Condorlit Projects and East Preston Uranium Project. The current market cap is $12.35 million.

Blue Sky Uranium Corp. (BKUCF) is a junior mineral exploration company based in Canada. The company focuses on uranium exploration projects in southern Argentina. It owns an interest in various exploration properties. The current market cap is $21.54 million.

Peninsula Energy Ltd. (PENMF) is a uranium mining and development company. The company’s project includes Lance ISR Uranium Projects located on the northeast flank of the Powder River Basin in Wyoming and Karoo Uranium Projects in South Africa. *It has three reportable operating segments, Lance uranium projects, Wyoming USA; Karoo uranium projects, South Africa; and Corporate/Other. The current market cap is $90.14 million.

Standard Uranium Ltd. (STTDF)  is a Canadian uranium exploration company focused on its Davidson River flagship project in the Southwest Athabasca Uranium District.

 

Development

GoviEx Uranium Inc. (GVXXF) is a Canada-based company involved in industrial metals and mining business sector. The company is focused on evaluation and development of uranium properties located in the Republic of Niger. *It operates through Exploration of Mineral Properties in segment. The current market cap is $85.13 million.

enCore Energy Corp. (ENCUF) is a developer-focused on becoming a domestic United States uranium producer. With significant existing resources in the southwest United States and licensed uranium production facilities in Texas, enCore holds the largest uranium position in the Grants Mineral Belt and licensed processing capacity to respond quickly to market opportunities. The current market cap is $174.04 million.

 

Production  

Energy Fuels (UUUU) is the largest uranium producer in the U.S. and holds more production capacity and uranium resources than any other U.S. producer. The current market cap is $658.65 million.

 

 

Take-Away

As with investing in any sector, knowing the various segments in the space allows for better filtering for “watch” lists, and eventual positions. The attention now being paid to uranium is coming from many different areas. Much of the globe has as its goal to reduce fossil fuel use. It is not expected that wind and solar alone will allow for an uninterrupted supply of power at current usage rates. Power usage is expected to trend upwards.

Registering for the no-cost Noble Capital Markets Uranium Power Players Investor Forum will allow insights into specific companies within the segments exploration, development, and mining companies. This is the online event allows attendees to ask questions of management if they choose.

 

Suggested Reading

Why Uranium Prices Have Been Rising

The Increasing Popularity of Uranium Investments

Can Mining Be Green and Sustainable?

How Does Uranium Fit Into the ESG Landscape?

 

Sources:

Channelchek.com

 

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Energy Services of America Corporation Appoints Brian Pratt to the Company’s Board

 

Energy Services Of America Corp (ESOA) filed Form 8-K with the following information:

On August 18, 2021, the Board of Directors of Energy Services of America Corporation (the “Company”) appointed Brian Pratt to the Company’s Board effective immediately. The Board of Directors of the Company will not appoint Mr. Pratt to any committees of the Company at this time.

Mr. Pratt has over 35 years of hands-on operations and management experience in the construction industry. From 1983 through 2015, he served as the President, Chief Executive Officer and Chairman of the Board of Primoris Services Corp. and its predecessor entity, ARB, Inc. Mr. Pratt served as Chairman of Primoris Services Corp. from 2008 until 2019 and as a Director until February 2020.

About 

Energy Services Of America

Energy Services of America Corporation is engaged in providing contracting services for energy-related companies. The company is primarily engaged in the construction, replacement, and repair of natural gas pipelines and storage facilities for utility companies and private natural gas companies. It services the gas, petroleum, power, chemical, and automotive industries and does incidental work such as water and sewer projects. Energy Service’s other services include liquid pipeline construction, pump station construction, production facility construction, water and sewer pipeline installations, various maintenance and repair services, and other services related to pipeline construction.

Source: SEC

Energy Services of America Corporation Appoints Brian Pratt to the Company’s Board

 

Energy Services Of America Corp (ESOA) filed Form 8-K with the following information:

On August 18, 2021, the Board of Directors of Energy Services of America Corporation (the “Company”) appointed Brian Pratt to the Company’s Board effective immediately. The Board of Directors of the Company will not appoint Mr. Pratt to any committees of the Company at this time.

Mr. Pratt has over 35 years of hands-on operations and management experience in the construction industry. From 1983 through 2015, he served as the President, Chief Executive Officer and Chairman of the Board of Primoris Services Corp. and its predecessor entity, ARB, Inc. Mr. Pratt served as Chairman of Primoris Services Corp. from 2008 until 2019 and as a Director until February 2020.

About 

Energy Services Of America

Energy Services of America Corporation is engaged in providing contracting services for energy-related companies. The company is primarily engaged in the construction, replacement, and repair of natural gas pipelines and storage facilities for utility companies and private natural gas companies. It services the gas, petroleum, power, chemical, and automotive industries and does incidental work such as water and sewer projects. Energy Service’s other services include liquid pipeline construction, pump station construction, production facility construction, water and sewer pipeline installations, various maintenance and repair services, and other services related to pipeline construction.

Source: SEC

Noble Capital Markets Uranium Power Players Investor Forum
August 31, 2021

View the Power Players Summit Presentations Here

View the Official Power Players Summit Book Here

The Noble Uranium Power Players Investor Forum is a virtual conference bringing together leading companies involved in the exploration and production of uranium. Demand for uranium is growing as idled nuclear plants are restarted and new plants are being built. At the same time, uranium supply is decreasing as mines run out of uranium and new potential mines are not being developed due to low uranium pricing. Many experts believe uranium prices will rise in upcoming years although the timing and magnitude of the increase are unknown. Our panel of management teams will discuss their respective company’s roles in the revitalization of uranium mining. Noble Capital Markets senior uranium analyst, Michael Heim, will guide the companies through a question and answer session following each presentation.

The Investor Forum is free and open to all registered users of Channelchek. Registration is fast and free. Not already a member? Use the link below to register now so you’re ready to view the Investor Forum presentations on August 31.

Register for Channechek to gain access to the Investor Forum

On Mobile? Register for Channelchek here!

Click the logos for more information on the presenting companies

Azincourt Energy (AZURF)	Blue Sky Uranium (BKUCF)
CanAlaska Uranium (CVVUF)	enCore Energy (ENCUF)
Energy Fuels (UUUU)	GoviEx Uranium (GVXXF)
Peninsula Energy (PENMF)	Standard Uranium (STTDF)

Tuesday, August 17, 2021

InPlay Oil (IPOOF)(IPO:CA)
Estimates and Price Objective Raised After Outstanding Quarter

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.

On August 11, InPlay reported impressive operating and financial results on the heels of favorable recent drilling. In our note dated August 12, we discussed the success of three recent wells in the Pembina Basin that have led management to raise production and cash flow projections. The company raised projections by approximately 10%, the second time they have raised guidance this year. In addition, they redirected drilling towards the Pembina basin and predicted that they will lower debt even as they increase capital expenditures.


More production and high energy prices means higher earnings and cash flow.  We are raising our 2021 production rate to 5,625 boe/d which puts us in the middle of the latest guidance range of 5,500-5,750 boe/d. Should future drilling in Pembina prove as successful as recent drilling, we would not be surprised to see management raise guidance again. We are also raising our WTI 2021 forecast to $65 …

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. 

Tuesday, August 17, 2021

Energy Services of America (ESOA)
PPP Loan Forgiveness Positive

Energy Services of America Corporation is engaged in providing contracting services for energy-related companies. The company is primarily engaged in the construction, replacement, and repair of natural gas pipelines and storage facilities for utility companies and private natural gas companies. It services the gas, petroleum, power, chemical and automotive industries, and does incidental work such as water and sewer projects. Energy Service’s other services include liquid pipeline construction, pump station construction, production facility construction, water and sewer pipeline installations, various maintenance and repair services and other services related to pipeline construction.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

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

Fiscal 3Q2021 (June) results fall short of expectations due to gas & oil transmission weakness. Compared to the June 2020 quarter and our expectations, the June 2021 quarter was weak despite the December 2020 acquisition of West Virginia Pipeline (WVP). Gross profit of $2.7 million was down slightly, but adjusted EBITDA of $0.7 million was almost half of last year’s EBITDA of $1.4 million. Revenue was down due to gas & oil transmission weakness and EBITDA was also burdened by higher G&A expense.


Adjusting 2021 EBITDA estimate to reflect FY3Q2021 operating results.  Given that operating results were below expectations and costs are likely to remain higher, we are lowering FY2021 EBITDA to $5.3 million from $8.0 million. The backlog increased to $73.1 million from $61.2 million and general construction contracts of $13.0 million have been awarded this quarter, which supports our positive …

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. 

Monday, August 16, 2021

Gevo, Inc. (GEVO)
Net Zero One Engineering and RNG Plant Moving Ahead

Gevo Inc is a renewable chemicals and biofuels company engaged in the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. Its operating segments are the Gevo segment and the Gevo Development/Agri-Energy segment. By its segments, it is involved in research and development activities related to the future production of isobutanol, including the development of its biocatalysts, the production and sale of biojet fuel, its Retrofit process and the next generation of chemicals and biofuels that will be based on its isobutanol technology. Gevo Development/Agri-Energy is the key revenue generating segment which involves the operation of the Luverne Facility and production of ethanol, isobutanol and related products.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

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

EBITDA losses continued in 2Q2021, but cash higher due to RNG plant financing. Given the stage of development of the renewable fuels concept, it isn’t surprising that EBTDA was negative $17.1 million due to higher development costs. We expect negative EBITDA to continue into at least next year. Cash increased $567 million from $525 million in 1Q2021 due to RNG debt financing of $69 million which was partially offset by the quarterly cash burn.


RNG plant financed and under construction.  BP identified as the customer. In 2Q2021, 1.5% debt financing of $69 million for the renewable natural gas (RNG) plant in NE Iowa was finalized. Construction began and capex will be reimbursed from funds held in trust over the next three quarters. BP is the customer, which is a positive …

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’s United Kingdom Integrated Remanufacturing Facility Expands its Global Remanufacturing, Training, and Support Capabilities

 

VAN NUYS, CA / ACCESSWIRE / August 16, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), formerly Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST) (“Capstone” or the “Company”), announced today the completion of the grid interconnect expansion at the UK Integrated Remanufacturing Facility which allows for the building and testing of Capstone’s C200 engines. Expanding the operations at the UK facility is fundamental for the long term support of Capstone’s established and growing sustainable energy fleet in the EMEA (Europe, Middle East & Africa) region.

Located a short distance south of London and close to UK’s major shipping infrastructure, Capstone’s strategically located Gosport facility plays an increasingly important role in supporting the growth and expansion of the global microturbine fleet, as well as the rental program, which is a critical component of the Company’s Energy as a Service (EaaS) business line. The construction of individual test cells and an increased grid export capacity agreement of 500kW marks a significant milestone in the UK operation’s expanded capability to remanufacture C200 powerheads, in addition to remanufacturing the C200 recuperators.

From an original footprint of 3,000 square feet in 2009 to the current 19,000 square feet expanded facility, the UK operation has evolved from a warehouse for aftermarket parts and hub for field support, to a fully integrated remanufacturing facility capable of serving the EMEA region’s future build requirements for Capstone’s flagship C200 engines. Taking recent possession of the adjacent building also marks the start of a trade-in program for a region with a legacy fleet to upgrade to the more efficient Signature Series product. The added floor space will accommodate a state-of-the-art training suite for in classroom and hands-on training for regional Distributors fulfilling their need to reduce travel costs while staying product-current and maintaining vital coverage.

“Continuing to invest in our UK operation is critical to Capstone’s key objectives to reduce and drive down freight dependency and offset manufacturing costs through our remanufacturing program. In parallel, we are improving response times for all our existing Distributor partners and growing our Energy as a Service (EaaS) business as we expand the global rental fleet,” said Darren Jamison, Capstone’s President and Chief Executive Officer “By adding complex remanufacturing processes, the UK facility now mirrors the Capstone US-based testing facilities. These capabilities will accelerate Capstone’s ability to provide parts and services to EMEA and improve future aftermarket margins” added Mr. Jamison.

“The ability to remanufacture in the UK has proven invaluable for the region, so executing the plan to maximize capability through engine builds and staging rental growth is the next natural step,” said Tracy Chidbachian, Capstone Director of Customer Service. “Led by Jim Newbold, our Director of Global Services, the UK’s highly experienced and talented team plays a vital role in Capstone’s broader support plan and strategic development for the region,” concluded Ms. Chidbachian.

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 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

Gevo Releases IMPACT, an Environmental, Social, and Corporate Governance (ESG) Report; Strengthening its Commitment to Transparency and Accountability

 

ENGLEWOOD, Colo., Aug. 16, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) has published IMPACT, a sustainability report which demonstrates Gevo’s mission to be transparent on its environmental, social, and corporate governance (ESG) performance. In addition to disclosing Gevo’s progress in 2020 and goals for the future, IMPACT shares details about Gevo’s holistic approach to commercializing high-value nutritional products and groundbreaking energy-dense, renewable transportation fuels. The report demonstrates Gevo’s environmental stewardship, workplace culture and social inclusivity, and internal leadership. It also fosters a deeper understanding of stakeholder needs, generates opportunities for long-term sustainable capital, and bolsters a drive for continuous improvement.

Gevo’s Chief Executive Officer, Dr. Patrick Gruber, has expressed his support for this progressive and comprehensive sustainability report: “We have a way of transforming renewable energy into energy-dense liquids. As we do that, we pay attention to the whole picture; we intend to track it, make it incredibly transparent. The ESG report is an important part of that effort. It’s also about our employees. We care about diversity in our workforce and bringing in the best skill sets we possibly can across the board. We are going to be a global company, and so for us, it’s incredibly important to build up our diversity in our workforce.”

IMPACT forecasts an exciting future for Gevo. In conjunction with Gevo’s pledge to reduce greenhouse gas (GHG) emissions for customers, the company is passionate about lowering the carbon footprint of internal systems and products. IMPACT also demonstrates the Board of Directors’ strong governance role in the effort to fight climate change. Gevo believes its technology and systems approach will improve the environment and deliver social benefits to the wider world and IMPACT provides a greater perspective on how the company plans to deliver those benefits.

To view the full IMPACT report, please visit: https://gevo.com/impact-2020/

About Gevo

Gevo is commercializing the next generation of gasoline, jet fuel and diesel fuel with the potential to achieve zero carbon emissions, addressing the market need of reducing greenhouse gas emissions with sustainable alternatives. 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. Learn more at www.gevo.com.

About ESG Reporting

According to NASDAQ’s ESG reporting guides, ESG generally refers to “a broad set of environmental, social and corporate governance considerations that may impact a company’s ability to execute its business strategy and create value over the long term,” and ESG reports are a vital and progressive tool for assessing publicly-traded companies. Since 2011, there has been a dramatic increase in sustainable reporting from corporate entities. In its 2020 analysis, the Governance & Accountability Institute (G&A) found that 90% of companies in the S&P 500 published an ESG report. This illustrates an increased demand from both investors and business leaders for transparency, safety, and fairness in the corporate sector.

IMPACT provides qualitative examples for relevant topics in the United Nations (UN) Sustainable Development Goals (SDG). The contents are also informed by the Sustainability Accounting Standards Board (SASB) Biofuels Industry Standard and the SASB Agricultural Products Industry Standard. Gevo continues to assess stakeholders’ interest in other frameworks such as the Task Force on Climate-related Financial Disclosures (TCFD) and may expand said reporting in the future. Unless otherwise noted, the report discloses activities and results for operated assets from January 1, 2020, to December 31, 2020.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including the publication of Gevo’s ESG report, the statements contained in Gevo’s ESG report, Gevo’s sustainability practices, Gevo’s products, Gevo’s technology, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made ith the U.S. Securities and Exchange Commission by Gevo.

Investor and Media Contact
IR@gevo.com
+1 720-647-9605

Gevo Releases IMPACT, an Environmental, Social, and Corporate Governance (ESG) Report; Strengthening its Commitment to Transparency and Accountability

 

ENGLEWOOD, Colo., Aug. 16, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) has published IMPACT, a sustainability report which demonstrates Gevo’s mission to be transparent on its environmental, social, and corporate governance (ESG) performance. In addition to disclosing Gevo’s progress in 2020 and goals for the future, IMPACT shares details about Gevo’s holistic approach to commercializing high-value nutritional products and groundbreaking energy-dense, renewable transportation fuels. The report demonstrates Gevo’s environmental stewardship, workplace culture and social inclusivity, and internal leadership. It also fosters a deeper understanding of stakeholder needs, generates opportunities for long-term sustainable capital, and bolsters a drive for continuous improvement.

Gevo’s Chief Executive Officer, Dr. Patrick Gruber, has expressed his support for this progressive and comprehensive sustainability report: “We have a way of transforming renewable energy into energy-dense liquids. As we do that, we pay attention to the whole picture; we intend to track it, make it incredibly transparent. The ESG report is an important part of that effort. It’s also about our employees. We care about diversity in our workforce and bringing in the best skill sets we possibly can across the board. We are going to be a global company, and so for us, it’s incredibly important to build up our diversity in our workforce.”

IMPACT forecasts an exciting future for Gevo. In conjunction with Gevo’s pledge to reduce greenhouse gas (GHG) emissions for customers, the company is passionate about lowering the carbon footprint of internal systems and products. IMPACT also demonstrates the Board of Directors’ strong governance role in the effort to fight climate change. Gevo believes its technology and systems approach will improve the environment and deliver social benefits to the wider world and IMPACT provides a greater perspective on how the company plans to deliver those benefits.

To view the full IMPACT report, please visit: https://gevo.com/impact-2020/

About Gevo

Gevo is commercializing the next generation of gasoline, jet fuel and diesel fuel with the potential to achieve zero carbon emissions, addressing the market need of reducing greenhouse gas emissions with sustainable alternatives. 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. Learn more at www.gevo.com.

About ESG Reporting

According to NASDAQ’s ESG reporting guides, ESG generally refers to “a broad set of environmental, social and corporate governance considerations that may impact a company’s ability to execute its business strategy and create value over the long term,” and ESG reports are a vital and progressive tool for assessing publicly-traded companies. Since 2011, there has been a dramatic increase in sustainable reporting from corporate entities. In its 2020 analysis, the Governance & Accountability Institute (G&A) found that 90% of companies in the S&P 500 published an ESG report. This illustrates an increased demand from both investors and business leaders for transparency, safety, and fairness in the corporate sector.

IMPACT provides qualitative examples for relevant topics in the United Nations (UN) Sustainable Development Goals (SDG). The contents are also informed by the Sustainability Accounting Standards Board (SASB) Biofuels Industry Standard and the SASB Agricultural Products Industry Standard. Gevo continues to assess stakeholders’ interest in other frameworks such as the Task Force on Climate-related Financial Disclosures (TCFD) and may expand said reporting in the future. Unless otherwise noted, the report discloses activities and results for operated assets from January 1, 2020, to December 31, 2020.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including the publication of Gevo’s ESG report, the statements contained in Gevo’s ESG report, Gevo’s sustainability practices, Gevo’s products, Gevo’s technology, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made ith the U.S. Securities and Exchange Commission by Gevo.

Investor and Media Contact
IR@gevo.com
+1 720-647-9605