Capstone Green Energy Secures Follow-on Order for Two Microturbines for Use at Canadian Oil and Gas Site

Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced that Horizon Power Systems, Capstone's exclusive distributor for the Rocky Mountain States, Western Canada, Oklahoma, and Arizona, secured a follow-on order for two Capstone 200kW Signature Series microturbines. The order is scheduled to be commissioned in Fall 2023.

"Capstone Green Energy microturbines continually demonstrate their exceptional value proposition, substantiating their reliability, emission reduction capabilities, and overall ease of use," said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. "The fact that customers like this one are returning for additional units at such a rapid pace is a testament to the technology's ability to deliver on our promises. This particular customer has put Capstone units to the test in harsh conditions, remote locations, utilizing a diverse range of fuel qualities, and the microturbines have consistently proven themselves as environmentally friendly and a dependable power source."

The microturbines will serve as mobile power sources for auxiliary equipment and buildings at a natural gas production site. They will run on high-pressure natural gas (HPNG), replacing older diesel-powered units. Capstone microturbines support the customer's goal of transitioning the industry away from powering on-site equipment with high-emission diesel fuel, to using natural gas, which has a lower carbon footprint. The customer indicated that it selected Capstone based on its ongoing, positive experiences with Capstone products and services. Specifically, the customer noted cost reductions from eliminating the need for trucking diesel to well sites and lower maintenance needs than the diesel engines. In addition, the Capstone microturbines meet Canadian emissions regulations, so there aren't additional costs or equipment needed to treat the exhaust.

"This is the customer's third order of C200S microturbines in just one year," said Sam Henry, Horizon Power Systems President. "They're impressed with the uninterrupted performance of the microturbines currently in the field, reduction of their customers' carbon footprint, and ease of running on wellsite natural gas."

About Capstone Green Energy

Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions, and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems, creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.