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Tuesday, May 21, 2024

Capstone Green Energy Secures 2-Megawatt Order from Privately Held Company

Van Nuys-based Capstone Green Energy has received a follow-on order from an unnamed, $5 billion dollar privately held company that manufactures “high-quality, healthy products.”

The new Capstone Direct Sales team secured the order, which is anticipated to be commissioned later this year. The order was made to meet the demand of power required by the customer’s rapidly expanding facility, as the current local electric utility cannot meet said demand.

“It’s always an honor when our customers place follow-on orders with us as it’s the truest testament to our value proposition and the performance of our products and services,” Darren Jamison, Capstone’s president and chief executive, said in a statement. “Our direct sales team working synergistically with our global distributors positions us to help our customers meet their evolving clean energy needs and keep pace with the shifting energy landscape.”

To date, Capstone has shipped more than 10,000 units to 83 countries and estimates that in this fiscal year, it saved customers more than $213 million in annual energy costs and approximately 388,000 tons of carbon.

“As this customer grows and expands their operations, we hope to continue to provide additional power generation needs and assistance in their goals of reducing their carbon footprint and energy costs,” Capstone’s sales director, Marc Rouse, said in a statement. “Expanding our business with multibillion-dollar global companies such as this is a key charter of the Capstone Direct Sales team, as that customer category presents an excellent opportunity to expand our relationship and generate more frequent and larger orders.”

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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