Capstone Green Energy Corporation (Nasdaq:CGRN) To Present At LD Micro InvitationaL XI

Company Presentation Scheduled for Wednesday, June 9, 2021 at 1:30 PM ET

VAN NUYS, CA / ACCESSWIRE / June 7, 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 management will present virtually at the upcoming LD Micro Invitational XI event on Wednesday, June 9 at 1:30 PM ET.

Darren Jamison, President & CEO of Capstone Green Energy, is scheduled to host a virtual presentation to investors during the event as follows:

Event: Capstone Green Energy Presentation at the LD Micro Invitational XI
Date: Wednesday, June 9, 2021
Time: 1:30 PM ET
Webcast: https://ldmicrojune2021.mysequire.com

“I look forward to discussing our recent transformation to Capstone Green Energy with the investment community,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy.

A live audio webcast and archive of the event presentation will be available using the webcast link above. For more information on the LD Micro Invitational XI, or to register for the event, please visit here.

Supporting presentation materials will be available on the day of the conference by visiting the Investor Relations section of the Company’s website at www.CapstoneGreenEnergy.com

Summary of LD Micro Invitational XI Event

The 2021 LD Micro Invitational will be held on the Sequire Virtual Events platform on Tuesday, June 8th – Thursday, June 10th, 2021.

The festivities run from 7:00 AM PT – 3:00 PM PT / 10:00 AM ET – 6:00 PM ET each day.

This three-day, virtual investor conference is expected to feature around 180 companies, presenting for 25 minutes each, as well as several influential keynotes. The first day of this conference will also feature an exceptional one-time event: the LD Micro Hall of Fame.

About LD Micro (NASDAQ: SRAX)

LD Micro aims to be the most crucial resource in the micro-cap world. Whether it is the index, comprehensive data, or hosting the most significant events on an annual basis, LD’s sole mission is for the Texas Rangers to win the World Series and serve as an invaluable asset for all those interested in finding the next generation of great companies. http://www.ldmicro.com

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 approximately $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, and the Company’s presentation and responses to questions at the LD Micro Invitational XI virtual investor conference will contain, 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 Corporation (Nasdaq:CGRN) Signs 10-Year Comprehensive Service Contract On 2 MWs Installed In Mexico

Capstone C1000S Systems Have Allowed the Customer to Reduce Their CO2 and NOx Emissions by 82% and 97%, Respectively

VAN NUYS, CA / ACCESSWIRE / June 4, 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 that DTC Ecoenergía (www.dtc.mx), a Capstone distributor for Mexico, signed a new 10-year Factory Protection Plan (FPP) service contract for two Capstone Signature Series C1000S systems installed in Mexico.

Commissioned in July 2019, the two Capstone Signature Series C1000S systems are owned and operated by a large food industry company in Jalisco, Mexico. The systems operate 24×7 in parallel with the grid and provide 47% of the plant’s electricity demand while lowering their electricity bill by approximately 33%. The exhaust heat from the two C1000S systems is fed through absorption chillers producing 695 refrigeration tons of cooling for the factory. Installing and operating these Capstone C1000S systems has also allowed the factory to reduce their CO2 and NOx emissions by 82% and 97%, respectively.

The Capstone parts-only FPP will provide the customer with fixed scheduled and unscheduled parts costs for the next 10 years, providing protection from future cost increases associated with replacement spare parts, commodity prices and import tariffs.

“Projects like this in the food industry really highlight the importance of distributed energy to both the companies providing critical goods and services, and for everyday people consuming these products,” stated Jeff Foster, Capstone’s Senior Vice President of Customer Service and Product Development. “Throughout the COVID-19 pandemic our microturbine systems helped meet the critical needs of people around the world, while at the same time doing it in an environmentally positive manner,” added Mr. Foster.

“Long-term service agreements like this continue to serve as the foundation for CGRN’s Energy as a Service (EaaS) offering and also to support our large array of essential industry, global customers,” stated Darren Jamison, President and Chief Executive Officer of Capstone Green Energy Corporation. “Innovative, green energy projects like this should become more common as we as a global society begin to focus more on ESG for the common good of our planet,” 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

image credit: TerraPower.com

The Bill Gates / Warren Buffett Natrium Reactor Risks and Benefits

Small reimagined nuclear reactors, redesigned from the ground up, powered by radioactive materials using a different process from traditional reactors, will be built near the capital of Wyoming. This according to an announcement yesterday.  Some regard the design of the first planned natrium reactor to be built by Bill Gates’ TerraPower and Warren Buffett’s PacifiCorp as the critical carbon-free technology for the future. The expectation is that nuclear, at an accelerated pace, will replace coal and other fossil fuels as the power source to fill the gaps left open when relying solely on wind and solar.

What is a Natrium Reactor?

Natrium technology uses what they call a “sodium-cooled fast reactor”(SFR) to produce heat. With this new technology, the heat can be used to generate electricity immediately or stored in thermal containers for long periods. This ability to store energy as heat, allows the reactor to operate at a steady rate without needing to inefficiently ramp up generating power or reduce it depending on demand.

The reactors use molten sodium as a coolant which allows them to run 24/7 at 100% power. When demand is low, heat is saved for later use; when demand is high, between the saved heat and immediate generating capacity, the plant output can produce 150% of the immediate generating capacity. This allows utilities to operate smaller plants because they more efficiently manage fluctuating needs. Electricity needs fluctuate based on time of day, time of year, and for a solar and wind-based grid, weather.

Risk/Reward Profile of Natrium Reactors

Natrium reactors or sodium-cooled fast reactors are a fairly new concept designed to address concerns over atmospheric carbon emitted by conventional power plants. Sodium is the sixth-most abundant element on the planet. Hot molten sodium will allow nuclear fuel to be more fully consumed which virtually eliminates the need for storing spent fuel. It also creates a situation where uranium/plutonium reactors could power the world’s needs for thousands of years.

While using less fuel and using it more completely (which lowers plant costs) are major breakthroughs in the nuclear power industry, some onlookers have different concerns over safety. The decade that passed since the raw-water cooled Fukushima disaster quickly halted plans for new uranium-powered plants across the globe. This caused a rush for a redesign. Wyoming will experience the benefits of this work seven years from now when the plant is operational. 

Critics of sodium-cooled reactors have a big concern which anyone who remembers high school chemistry can comprehend. Pure sodium (Na) plus water H2O causes an exothermic reaction. It bursts into flames. Proponents fear that many of the current safety concerns over nuclear power are addressed with the SFR design, but this new element of danger is concerning and will require extreme safety measures.

Take-Away

The U.S. is entering a new nuclear age with redesigned, more efficient, and lower waste reactors. The joint project by TerraPower founded by Bill Gates and Warren Buffett’s PacifiCorp is a 345 megawatt sodium-cooled fast reactor with molten salt-based energy storage designed to solve peak and trough energy demand.

The redesign is not without its proponents and risks. One key concern is the use of molten sodium which provides the design its key functionality, which could, if not kept moisture free, be an extreme fire hazard.

Suggested Reading:

Recipe for Higher Uranium Prices	The Increasing Popularity of Uranium Investments

How does Uranium Fit into the ESG Landscape?	Is the Future of Nuclear Small Modular Reactors?

Sources:

https://www.scientificamerican.com/article/can-sodium-save-nuclear-power/

https://natriumpower.com/#:~:text=Generation%20IV%20non%2Dlight%20water,to%20close%20the%20fuel%20cycle.

https://www.discovermagazine.com/environment/nuclear-technology-abandoned-decades-ago-might-give-us-safer-smaller-reactors

https://natriumpower.com/#:~:text=The%20Natrium%20technology’s%20reactor%20creates,peaks%20or%20renewables%20are%20unavailable.

http://www.xinhuanet.com/english/northamerica/2021-06/04/c_139988712.htm

https://www.terrapower.com/

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Capstone Green Energy Corporation (Nasdaq:CGRN) Signs 10-Year Comprehensive Service Contract On 2 MWs Installed In Mexico

Capstone C1000S Systems Have Allowed the Customer to Reduce Their CO2 and NOx Emissions by 82% and 97%, Respectively

VAN NUYS, CA / ACCESSWIRE / June 4, 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 that DTC Ecoenergía (www.dtc.mx), a Capstone distributor for Mexico, signed a new 10-year Factory Protection Plan (FPP) service contract for two Capstone Signature Series C1000S systems installed in Mexico.

Commissioned in July 2019, the two Capstone Signature Series C1000S systems are owned and operated by a large food industry company in Jalisco, Mexico. The systems operate 24×7 in parallel with the grid and provide 47% of the plant’s electricity demand while lowering their electricity bill by approximately 33%. The exhaust heat from the two C1000S systems is fed through absorption chillers producing 695 refrigeration tons of cooling for the factory. Installing and operating these Capstone C1000S systems has also allowed the factory to reduce their CO2 and NOx emissions by 82% and 97%, respectively.

The Capstone parts-only FPP will provide the customer with fixed scheduled and unscheduled parts costs for the next 10 years, providing protection from future cost increases associated with replacement spare parts, commodity prices and import tariffs.

“Projects like this in the food industry really highlight the importance of distributed energy to both the companies providing critical goods and services, and for everyday people consuming these products,” stated Jeff Foster, Capstone’s Senior Vice President of Customer Service and Product Development. “Throughout the COVID-19 pandemic our microturbine systems helped meet the critical needs of people around the world, while at the same time doing it in an environmentally positive manner,” added Mr. Foster.

“Long-term service agreements like this continue to serve as the foundation for CGRN’s Energy as a Service (EaaS) offering and also to support our large array of essential industry, global customers,” stated Darren Jamison, President and Chief Executive Officer of Capstone Green Energy Corporation. “Innovative, green energy projects like this should become more common as we as a global society begin to focus more on ESG for the common good of our planet,” 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

Indonesia Energy Corporation Participates in Noble Capital Markets Video Interview

President Frank Ingriselli Provides Updates on IEC’s New Drilling Program at Kruh Block and Anticipated Milestones for IEC

JAKARTA, INDONESIA AND DANVILLE, CA / ACCESSWIRE / June 3, 2021 / Indonesia Energy Corporation (NYSE American:INDO) (“IEC”), an oil and gas exploration and production company focused on Indonesia, today announced their participation in a pre-recorded Noble Capital Markets’ C-Suite Interview Series, presented by Channelchek.

Indonesia Energy President Frank Ingriselli sat down with Noble Capital Markets Senior Research Analyst Michael Heim for this exclusive interview.

The interview was recorded on May 26, 2021, and is available now on Channelchek. at the following link: https://www.channelchek.com/channelcast-detail/230

Topics covered include an update on the current drilling progress at IEC’s Kruh Block and anticipated upcoming milestones for Kruh Block, as well as expectations for exploration and drilling at IEC’s gas-prone Citarum Block.

About Indonesia Energy Corporation Limited

Indonesia Energy Corporation Limited (NYSE American: INDO) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in Indonesia. IEC’s principal assets are its Kruh Block (63,000 acres) located onshore on the Island of Sumatra in Indonesia and its Citarum Block (1,000,000 acres) located onshore on the Island of Java in Indonesia. IEC is headquartered in Jakarta, Indonesia and has a representative office in Danville, California. For more information on IEC, please visit www.indo-energy.com.

Cautionary Statement Regarding Forward-Looking Statements

All statements in this press release and in the interview referenced herein of Indonesia Energy Corporation Limited (“IEC”) and its representatives and partners that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, when used in the preceding discussion, the words “estimates,” “believes,” “hopes,” “expects,” “intends,” “on-track”, “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the IEC’s control, that could cause actual results (including the results of IEC’s drilling and exploration activities as discussed in the interview referenced herein) to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2020 filed on May 17, 2021 with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC’s website, www.sec.gov. IEC undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact:

Frank C. Ingriselli
President, Indonesia Energy Corporation Limited
Frank.Ingriselli@Indo-Energy.com

SOURCE: Indonesia Energy Corporation Limited

Indonesia Energy Corporation Participates in Noble Capital Markets Video Interview

President Frank Ingriselli Provides Updates on IEC’s New Drilling Program at Kruh Block and Anticipated Milestones for IEC

JAKARTA, INDONESIA AND DANVILLE, CA / ACCESSWIRE / June 3, 2021 / Indonesia Energy Corporation (NYSE American:INDO) (“IEC”), an oil and gas exploration and production company focused on Indonesia, today announced their participation in a pre-recorded Noble Capital Markets’ C-Suite Interview Series, presented by Channelchek.

Indonesia Energy President Frank Ingriselli sat down with Noble Capital Markets Senior Research Analyst Michael Heim for this exclusive interview.

The interview was recorded on May 26, 2021, and is available now on Channelchek. at the following link: https://channelchek.vercel.app/channelcast-detail/230

Topics covered include an update on the current drilling progress at IEC’s Kruh Block and anticipated upcoming milestones for Kruh Block, as well as expectations for exploration and drilling at IEC’s gas-prone Citarum Block.

About Indonesia Energy Corporation Limited

Indonesia Energy Corporation Limited (NYSE American: INDO) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in Indonesia. IEC’s principal assets are its Kruh Block (63,000 acres) located onshore on the Island of Sumatra in Indonesia and its Citarum Block (1,000,000 acres) located onshore on the Island of Java in Indonesia. IEC is headquartered in Jakarta, Indonesia and has a representative office in Danville, California. For more information on IEC, please visit www.indo-energy.com.

Cautionary Statement Regarding Forward-Looking Statements

All statements in this press release and in the interview referenced herein of Indonesia Energy Corporation Limited (“IEC”) and its representatives and partners that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, when used in the preceding discussion, the words “estimates,” “believes,” “hopes,” “expects,” “intends,” “on-track”, “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the IEC’s control, that could cause actual results (including the results of IEC’s drilling and exploration activities as discussed in the interview referenced herein) to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2020 filed on May 17, 2021 with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC’s website, www.sec.gov. IEC undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact:

Frank C. Ingriselli
President, Indonesia Energy Corporation Limited
Frank.Ingriselli@Indo-Energy.com

SOURCE: Indonesia Energy Corporation Limited

Capstone Green Energy (Nasdaq:CGRN) To Announce Fourth Quarter & Full Fiscal Year 2021 Results On Thursday, June 10, 2021

VAN NUYS, CA / ACCESSWIRE / June 2, 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 on Thursday, June 10, 2021, after market close, it expects to release full financial results for its fourth quarter and full fiscal 2021 year, ended March 31, 2021. Later that same day, at 1:45 p.m. Pacific Time (4:45 p.m. Eastern Time), Capstone will host a live webcast to discuss those results.

At the end of the conference call, Capstone will host a question-and-answer session to provide an opportunity for financial analysts to ask questions. Investors and interested individuals are invited to listen to the webcast by logging on to the Company’s investor relations webpage at www.capstonegreenenergy.com. A replay of the webcast will be available on the site for 30 days.

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 approximately 1,115,100 tons of carbon and approximately $698 million in energy costs.

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

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

SOURCE: Capstone Green Energy Corporation

Image Credit: Pascal (Flickr)

Recipe for Higher Uranium Prices

Uranium contract prices are now above the levels that existed before the Fukushima power plant disaster in 2011. Although demand for nuclear fuel is increasing, global production of uranium has fallen off. So far in 2021, there have been two significant uranium mines closed. They are the Ranger mine in Australia’s Northern Territory operated by Energy Resources of Australia (ASX: ERA) and COMINAK’s Akouta mine in Niger, which had been in service for nearly half a century. With the temporary suspension of its Cigar Lake mine in December 2020, Cameco (TSX: CCO, NYSE: CCJ) temporarily suspended production of its Cigar Lake mine in December of 2020. This left them behind on production by 1.5 million pounds.  The world’s largest uranium operation, Cameco’s McArthur River mine, suspended operations back in July 2018.  

UxC, LLC  has been providing market research and analysis to the nuclear industry since 1987. They make the case that declining uranium inventories and depletion of reserves are likely to drive higher-cost production by 2025. As it stands, there are more than 443 nuclear reactors in operation worldwide and 52 under construction.  Significant production disruptions raise questions about the availability and cost of uranium in the coming years.

Nuclear fuel is not traded on the commodities market. Individual contracts between utilities and producers dictate the commodities’ price. Investors can get exposure to price changes of the metal by investing in mining companies.  Research on many of the companies active in this space can be found by typing “uranium” in the upper left Company Data search bar of Channelchek. Among the companies, you can explore on Channelchek, are three U.S. companies highlighted below that may benefit from the reduced supply and increased demand of their output.

Uranium Energy Corp (UEC) is an independent U.S. uranium mining company. The company controls 104M lbs of qualified resources and a fully permitted uranium processing plant in South Texas. UEC has a potential production profile of around 4 million pounds of U.S.-origin U3O8 per year with room to expand.  UEC is up 85% YTD.

enCore Energy Corp. (https://channelchek.vercel.app/aux/(expanded:check-channels)ENCUF) is focused on working towards 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. ENCUF is up 76.4% YTD.

Energy Fuels (UUUU) holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch ISR Facility in Wyoming, and the Alta Mesa ISR Facility in Texas. The producing White Mesa Mill is the only conventional uranium mill in the U.S. and has a licensed capacity of 8 million pounds of U3O8 per year. Nichols Ranch is in production and has a licensed capacity of 2 million pounds of U3O8 per year. Alta Mesa is currently on standby. Energy Fuels also owns several licensed and developed uranium and vanadium mines on standby and other projects in development. UUUU is up 77.2% YTD.

Take-Away

Many factors drive the price of any commodity, and when it comes to uranium-powered plants, they have gone in and out of favor.  So there is risk. One way to gain exposure to uranium as an investor is through uranium producers. Channelchek.com may help you uncover companies poised to trade with the renewed interest in nuclear power.

Suggested Reading:

Harnessing Nuclear Power	The Increasing Popularity of Uranium Investments

How does Uranium Fit into the ESG Landscape	Is the Future of Nuclear, Small Modular Reactors?

Sources:

https://www.mining.com/stars-are-aligning-for-uranium-price-rally/

https://www.orano.group/reamenagement-cominak/en

https://www.mining.com/stars-are-aligning-for-uranium-price-rally/

https://pris.iaea.org/PRIS/home.aspx

https://www.mining.com/stars-are-aligning-for-uranium-price-rally/

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Capstone Green Energy (Nasdaq:CGRN) To Announce Fourth Quarter & Full Fiscal Year 2021 Results On Thursday, June 10, 2021

VAN NUYS, CA / ACCESSWIRE / June 2, 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 on Thursday, June 10, 2021, after market close, it expects to release full financial results for its fourth quarter and full fiscal 2021 year, ended March 31, 2021. Later that same day, at 1:45 p.m. Pacific Time (4:45 p.m. Eastern Time), Capstone will host a live webcast to discuss those results.

At the end of the conference call, Capstone will host a question-and-answer session to provide an opportunity for financial analysts to ask questions. Investors and interested individuals are invited to listen to the webcast by logging on to the Company’s investor relations webpage at www.capstonegreenenergy.com. A replay of the webcast will be available on the site for 30 days.

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 approximately 1,115,100 tons of carbon and approximately $698 million in energy costs.

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

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

SOURCE: Capstone Green Energy Corporation

Image Credit: Kim Woodbridge (Flickr)

Are the Markets Underestimating Oil Demand?

Introduction

What COVID-19 did to oil demand, the rollout of the COVID-19 vaccine has been quickly undoing.  As employees return to work and travel is increased both near and far, the sudden demand coupled with the reduced output from last year could be a recipe for even higher prices. The U.S. economy has not even reached its expected peak, yet underestimated oil demand is now showing up in prices. This is why Goldman Sachs predicts Brent crude oil will cross above the $80 per barrel mark. The bank prediction is on the high side of forecasts as others expect oil prices to hover around $70 per barrel until Q3 of 2021.

Higher Demand for Gasoline

One place consumers are witnessing the impact of higher crude prices higher is at the gas pump. With more cars coming out of their driveway, pump prices have spiked to $3 and more a gallon. This is almost twice gasoline’s lowest level during 2020.  This increase is the record-high increase (percentage) in prices since 2014.

The EIA (Energy Information Administration) affirms that it is expecting the average consumption of 9 million barrels a day (BPD) in the summer season alone in the U.S. In comparison, this pace would surpass the threshold of 2020’s summer consumption by approximately 15% or 1.2 million barrels per day.

Source: EIA.gov

How Accurate Will Predictions Be?

The all-time-high for a barrel of oil was $147.02 reached on July 11, 2008. Although the expectations, even on the high side, are well below that ($80 range). when you consider that Brent crude prices are already up 66% in less than a year and the dynamics driving the price are still in place, the potential for even greater increases is real. The U.S. is ahead of many other large oil-consuming nations, as they lift restrictions and international travel resumes demand could potentially exceed even the more extreme predictions. Over the past year, Brent Crude oil prices have climbed 85 percent to their current price per barrel. Now, as the reopening, the pent-up demand, and the empowered vaccinated and COVID-19 survivors all come together during the summer travel season its could be like a perfect storm, even the more accurate forecasters are faced with variables they have never had to model before. They may be spot on, but if there is deviation, they may be far too conservative with their expectations. 

Who Benefits:

This coming Saturday is the United Nations World Environmental Day. The push to reduce fossil fuel use is high across the globe. Yet, there are some true beneficiaries of increasing crude in the short and long term. In a press release dated May 6, 2021, InPlay Oil (IPOOF,
IPO:CA) had this to say about their prospects. “The commodity price recovery in the past year has been remarkable and occurred quicker than InPlay and most in the industry expected. We are pleased to report that InPlay is ahead of schedule on our road to recovery, already reaching our goal of quickly returning to 2019 pre-COVID production levels.” InPlay is a small driller which means every additional penny that a barrel taken from the ground is sold for, has a larger impact on their bottom line. Indonesia Energy (INDO) is an oil and gas exploration and production company focused on Indonesia. They began drilling a first well on April 21^st. Next Tuesday (June 8) INDO is hosting an investor conference call in order to provide an update (including initial results) on the drilling and completion of IEC’s first new producing well.  INDO is also a small company where small price changes can have a magnified impact. GEVO Inc. (GEVO) is a small biofuels manufacturer that is a favorite among many ESG investors. They also benefit from an increase in fuel prices while having the global regulatory bodies solidly behind the reduction in high carbon-emitting fuels. Any expected increase in the value of a barrel of oil could also impact the bio-alternatives.

Take Away

In their report on oil, Goldman Sachs wrote, “Investors should be aware of the fact that the world market at the moment is underestimating oil demand as a chance to open up economies for enterprise.” If there is the expected increased travel across the globe and economic activity continues its upward spike, it’s conceivable that estimates like this may fall short of what occurs through Summer 2021.

Even the slightest rise in oil prices can impact small companies that either compete with oil with alternative fuels or extract oil at a cost to the company that doesn’t change much with the price of oil.

Suggested Content:

InPlay Oil Virtual Roadshow (Video)	Indonesia Energy Virtual Roadshow (Video)

GEVO, Inc. Virtual Roadshow (Video)	FAT Brands Virtual Roadshow (Video)

REFERENCES:

1. https://www.business-standard.com/article/markets/markets-underestimating-oil-demand-see-brent-at-80-goldman-sachs-121052400224_1.html
2. https://www.hellenicshippingnews.com/physical-oil-market-witnesses-strong-buying-ahead-of-summer/
3. https://oilprice.com/Energy/Energy-General/Oil-Prices-Rebound-As-Demand-Optimism-Returns.html
4. https://www.magzter.com/news/395/2630/052021/mdmdi
5. https://www.inplayoil.com/sites/2/files/documents/press_release_q1_2021_final.pdf

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Energy Fuels Announces Election of Directors

Energy Fuels Announces Election of Directors