Benzinga | Sep 20, 2021 09:33AM EDT

Capstone' Distributor Secures 2.4 Megawatt Order To Power Caribbean Resort

* Capstone Green Energy Corp (NASDAQ:CGRN) has secured an order for a Caribbean resort redevelopment project that includes 2.4 megawatts (MWs) of C800 Signature Series (C800S) microturbine energy systems. The financial terms of the contract were not disclosed.

* The order was secured by E-Finity Distributed Generation, Capstone's exclusive distributor for the Mid-Atlantic and Southeastern U.S. and parts of the Caribbean, and is expected to be commissioned in the Spring of 2022.

* The new power plant is expected to provide all of the resort's power while potentially generating electric cost savings and reducing the resort's carbon footprint.

* Price Action: CGRN shares are trading lower by 0.79% at $5.00 on the last check Monday.