Capstone Green Energy Secures Two Energy-as-a-Service Contracts Totaling 6 MW for Remote Data Centers Handling Cryptocurrency Mining

Capstone Green Energy Secures Two Energy-as-a-Service Contracts Totaling 6 MW for Remote Data Centers Handling Cryptocurrency Mining
CANNANNEW REPORT

Capstone Is Focused on Growing the EaaS Business Model Because It Provides Higher Margins, More Constant and Predictable Revenue Streams VAN NUYS, Calif.–(BUSINESS WIRE)–$CGRN #capstone—Capstone Green Energy Corporation’s (NASDAQ: CGRN) exclusive distributor for the Mid-Atlantic and Southeastern U.S. and the Caribbean, E-Finity Distributed Generation, has secured two new 36-month Energy-as-a-Service (EaaS) contracts with a cryptocurrency mining company looking to reduce its impact on the environment. This business expansion demonstrates progress on the Company’s vision to create smarter energy for a cleaner future and builds on its track record of saving its customers an estimated $698 million in annual energy savings, and reducing CO2 emissions by an estimated 1,115,100 tons of carbon, in the past three years alone. The customer, which mines large volumes of cryptocurrency, approached E-Finity wanting to take advantage of existing on-site production waste gas that would otherwise go unused. Because Capstone microturbines are designed to offer fuel flexibility, the systems will use the waste gas, a benefit that not only reduces emissions but also offers operational savings. The Capstone microturbines generate electricity that is already substantially lower in emissions and cost than most grid power. Using energy that would otherwise be wasted brings even greater environmental and economic benefits to the project. Further, the added reliability and low maintenance requirements of microturbine-based systems make them ideal for remote locations, which can be hard to reach and often deal with challenging climate conditions. “As an EaaS provider, Capstone Green Energy is focused on growing its energy asset management business, including our industry-leading Factory Protection Plan (FPP) service offering, as well as our long-term on-site energy system rental business,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “Our EaaS business provides a lower cost and carbon footprint for on-site energy systems in energy-intense businesses like…

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Source : Capstone Green Energy Secures Two Energy-as-a-Service Contracts Totaling 6 MW for Remote Data Centers Handling Cryptocurrency Mining

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