Movers and SHAKERS
Capstone Green Energy Corporation (CGRN)(CGRN:CA)
Capstone Receives Hydrogen Microturbine Order
Capstone Green Energy Corp is the producer of low-emission microturbine systems. The company develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications. Capstone Turbine's products include onboard generation for hybrid electric vehicles; conversion of oil field and biomass waste gases into electricity; combined heat, power, and chilling solutions; capacity addition; and standby power.
Michael Heim, Senior Research Analyst, Noble Capital Markets, Inc.
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Capstone Green Energy (formerly Capstone Turbine) received an order for a microturbine intended to run on hydrogen. The order by Blue Economy CRC, a cooperative research center working in partnership to develop Australia's aquaculture industry, represents the first hydrogen microturbine for Capstone. Capstone only recently released its first commercial Combined Heat and Power product, which runs on 10% hydrogen and 90% natural gas. Capstone is testing a 30% hydrogen unit and has begun research on a 100% hydrogen unit.
The unit will use hydrogen generated from renewable sources. Blue Economy and partners will use hydrogen from solar, wind and wave sources to feed the microturbine. It will be part of a microgrid that will support offshore research and aquaculture for food production. It will allow the potential for 100% hydrogen-fuel-based power generation in the future. The initial stage is designed to provide ...
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