Capstone Green Energy Corp. will supply three of its microturbines to a resort redevelopment project in the Caribbean following an order received through its distributor for the region.
The order from E-Finity Distributed Generation is expected to be commissioned in the spring of next year, Capstone, the Van Nuys alternative energy products and services provider, said in a release.
Three Capstone Green Energy propane fueled C800 Signature Series microturbines will provide all the resort’s power needs while bringing substantial cost savings, the company said in its release.
The 2.4 MW power plant is expandable to 3 MW simply by adding another 200-kilowatt module to each C800S package, making it a C1000S system should the resort expand in the future, the company added.
Darren Jamison, chief executive of Capstone, said the resort project exemplifies the new breed of forward-looking, progressive developers who are finding creative ways to reduce their carbon footprint as well as lowering their operating costs.
“This low-emission development will adapt to the resort’s growing energy needs over time and is expected to significantly reduce their carbon footprint,” Jamison said in a statement.
Shares of Capstone (CGRN) closed down 43 cents, or more than 8.5 percent, to $4.61 on the Nasdaq, on a day when that market closed down 2.2 percent.