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Benzinga

Business

Akanksha Bakshi

Capstone Bags Contract To Provide 600kW Energy Efficiency System To Alabama Hospital

Capstone Green Energy Corp's (NASDAQ:CGRN) central and southern U.S. distributor, Lone Star Power Solutions, has secured a contract to provide Combined Heat and Power (CHP) clean energy system to a hospital in Alabama expected to be commissioned in Spring 2022. Financial terms were not disclosed.
The 600kW microturbine-based energy system will be fueled by low-pressure natural gas (LPNG). It will run parallel with the local area grid providing supplemental power for the hospital's needs.
The energy system will be configured to repurpose the waste heat produced by the microturbine for the hospital's hot water requirements.
Price Action: CGRN shares are trading higher by 1.54% at $3.96 on the last check Tuesday.

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