Capstone Turbine Corp. has changed its name to Capstone Green Energy Corp. to reflect changes in its business as it pursues a strategy of energy-as-a-service with microturbine rentals and other products, including hydrogen powered turbines.

Chief Executive Darren Jamison said the new name of the Van Nuys manufacturer is a better alignment with the market, as 73 percent of U.S. consumers are willing to pay more for sustainability and having a lower impact on the planet.

“To align with where the business has transformed, the name needed to change to reflect what the business is doing,” Jamison said. 

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