Capstone Green Energy Corporation (NASDAQ:CGRN) Signs 10-Year Service Contract for Large Contract Manufacturer in Mexico
ACCESSWIRE
05 May 2021, 22:05 GMT+10
VAN NUYS, CA / ACCESSWIRE / May 5, 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 Ecoenergia (www.dtc.mx), a Capstone distributor for Mexico, signed a new 10-year Factory Protection Plan (FPP) service contract for a 1-megawatt (MW) Capstone C1000 Signature Series microturbine (C1000S) installed in Mexico.
Commissioned in February 2020, the C1000S is owned and operated by a large international contract manufacturing company in Mexico. The system operates 24x7 in grid connect and provides approximately 63% of the plant's electricity demand. It is also configured as a Dual Mode system with Capstone's unique Seamless Transfer option. Seamless Transfer allows the system to quickly transition back and forth between grid-connected and stand-alone (island) operation, thereby nullifying any impact to production in the event of a grid outage. This capability is a critical customer requirement due to the poor reliability of the local utility.