Benzinga | Oct 7, 2021 09:57AM EDT

Capstone Green Energy Bags Two Megawatt CCHP Order For Industrial Grow Operator

* Capstone Green Energy Corp (NASDAQ:CGRN) has secured a contract for two C1000S microturbines for a state-of-the-art energy system for an industrial grow operator's Maryland cultivation and processing facility. The financial terms of the order were not disclosed.

* Capstone distributor E-Finity Distributed Generation has secured the contract, and it will be commissioned in the summer of 2022.

* Two Capstone natural gas-fueled C1000 Signature Series microturbine energy systems will use their waste heat for two exhaust-fired absorption chillers that will produce 880 tons of chilled water for space conditioning the 90,000 square foot facility.

* Price Action: CGRN shares are trading higher by 4.25% at $4.73 on the last check Thursday.