logo
Capstone Green Energy to Deliver Scalable 2MW Microturbine System for Government-Backed Power Station in Remote Oceania Community

Capstone Green Energy to Deliver Scalable 2MW Microturbine System for Government-Backed Power Station in Remote Oceania Community

LOS ANGELES--(BUSINESS WIRE)--May 27, 2025--
Capstone Green Energy Holdings, Inc. (the 'Company' or 'Capstone') (PINK: CGEH) and Capstone Green Energy, LLC., announced that its Australian distributor, Optimal Group, has been selected as the EPC (engineering, procurement, and construction) contractor for a remote community power generation project in the Oceania region. The project will deploy two Capstone C1000S Signature Series microturbines in a scalable configuration to deliver an initial 2 megawatts (MW) of reliable, low-emission power to an isolated community. This system is designed for expansion, with the ability to scale up to 5MW of power.
Commissioning of the initial 2MW installation is targeted for November 2025. The power station will be located near a natural gas fuel conditioning plant for conversion into LPG that will serve the Asia Pacific region. The project will off-take a portion of the natural gas from this process for the Capstone microturbines. The power generated by this facility will be exported to the local grid, meeting the community's current energy demand of 2MW. As additional residents and businesses connect to the grid over the coming years, the station's capacity is expected to scale up to 5MW.
'Being able to serve the needs of remote, underserved communities is especially meaningful for us,' said Vince Canino, President and CEO of Capstone Green Energy. 'Our ability to operate on alternate fuels in such isolated locations reinforces Capstone's original design philosophy of providing compact and mobile power solutions – visionary thinking that was introduced by Capstone's founders, James Noe and Robin McKay, almost 40 years ago. Our long-standing company culture of daring greatly and iterating towards success is why Capstone's microturbines can provide a much lower carbon footprint on a sustainable basis compared to diesel generators, and we are able to do so while offering unmatched reliability and availability. Even in the most challenging environments, we are able to provide a very attractive total cost of electricity.'
Capstone's modular microturbine design allows the system to easily scale with growing demand, ideal for evolving community needs. With a single-shaft design as the only moving part, plus air bearings that eliminate the need for lubricating oils and coolants, Capstone microturbines require minimal maintenance. This not only creates some of the highest availability factors in the industry, but it also leads to significant cost savings—an essential benefit for any project in remote locations.
This project will also transition the region away from reliance on diesel for power generation. By utilizing refined natural gas instead of diesel, the project will reduce NOx, CO2, and VOC emissions. It will also eliminate particulate matter (PM2.5) emissions all together. Additional benefits that contributed to the selection of Capstone's technology include its quieter operation. Because our microturbines run on a cushion of air, noise is significantly less than that of reciprocating engines which run at substantially higher decibel levels.
'This is yet another project that showcases our commitment to transitioning businesses and communities away from the pollution and messiness of diesel generation. This power station will provide a reliable source of electricity to the local community and significantly reduce greenhouse gas emissions. Energy security will also be enhanced via the use of locally produced gaseous fuel,' said Craig Dugan, CEO of Optimal Group. 'Optimal's territory includes some of the most remote and challenging locations globally. Leveraging Capstone's technological flexibility allows us to deliver intelligently clean solutions at a lower total cost of ownership, with high availability and reliability. These solutions, which are renewable fuel-ready, integrate seamlessly with other renewable energy systems as well. We not only can make an impact today, but we have also designed in the ability to be future proof.'
About Capstone Green Energy
For almost four decades, Capstone Green Energy has been at the forefront of clean technology using microturbines and revolutionizing how businesses manage their energy supply on a sustainable basis. In partnership with our worldwide team of dedicated distributors, we have shipped over 10,000 units to 83 countries, lowering our clients' carbon footprint with highly efficient on-site energy systems and microgrid solutions.
Today, our commitment to a cleaner future is unwavering. We offer customers a range of microturbine products ranging from 65kW to multiple MW's for the commercial, industrial, and utility-scale spaces uniquely tailored to their specific needs. Capstone's solutions portfolio not only showcases our core clean technology microturbines but also includes flexible Energy-as-a-Service (EaaS) offerings, including build, own, and operate models, as well as rental services.
Capstone's fast, turnkey power rental solutions are intended to address customers with limited capital or short-term needs; for more information, contact [email protected].
In our pursuit of cutting-edge solutions, we've forged strategic partnerships to extend our impact. Through these collaborations, we proudly offer solutions that utilize renewable gas products and heat recovery solutions. These solutions greatly enhance the sustainability and efficiency of our client's operations while contributing to a cleaner and more responsible sustainable energy landscape.
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Notes
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company has tried to identify these forward-looking statements by using words such as 'expect,' 'anticipate,' 'believe,' 'could,' 'should,' 'estimate,' 'intend,' 'may,' 'will,' 'plan,' 'goal' and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the Company's liquidity position and ability to access capital; the Company's ability to continue as a going concern; the Company's ability to successfully remediate the material weaknesses in internal control over financial reporting; the Company's ability to realize the anticipated benefits of its financial restructuring; the Company's ability to comply with the restrictions imposed by covenants contained in the exit financing and the new subsidiary limited liability company agreement; the uncertainty associated with the imposition of tariffs and trade barriers and changes in trade policies; employee attrition and the Company's ability to retain senior management and other key personnel; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the impact of litigation and regulatory proceedings; inquiries from the SEC; the potential material adverse effect on the price of the Company's common stock and stockholder lawsuits. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250527077265/en/
CONTACT: Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
[email protected]
KEYWORD: CALIFORNIA AUSTRALIA/OCEANIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: OTHER ENERGY UTILITIES ENVIRONMENT OIL/GAS ALTERNATIVE ENERGY GREEN TECHNOLOGY ENERGY
SOURCE: Capstone Green Energy Holdings, Inc.
Copyright Business Wire 2025.
PUB: 05/27/2025 09:15 AM/DISC: 05/27/2025 09:15 AM
http://www.businesswire.com/news/home/20250527077265/en

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Asia-Pacific 5G Services Industry Forecast 2025-2031: Verizon Communications, Huawei Technologies, and Ericsson Dominate the Market
Asia-Pacific 5G Services Industry Forecast 2025-2031: Verizon Communications, Huawei Technologies, and Ericsson Dominate the Market

Yahoo

timean hour ago

  • Yahoo

Asia-Pacific 5G Services Industry Forecast 2025-2031: Verizon Communications, Huawei Technologies, and Ericsson Dominate the Market

IoT adoption boosts demand for 5G, with China leading regional growth. Enhanced mobile broadband dominates, while enterprises take the larger market share. Dublin, June 12, 2025 (GLOBE NEWSWIRE) -- The "Asia-Pacific 5G Services Market Forecast to 2031" has been added to offering. The Asia Pacific 5G services market is witnessing unprecedented growth, valued at US$ 37.46 billion in 2023 and projected to skyrocket to US$ 1.52 trillion by 2031, with an astounding CAGR of 58.9% from 2023 to 2031. Key players in the market include China Mobile Limited, Deutsche Telekom AG, Huawei Technologies Co Ltd, Nokia Corp, Orange SA, Samsung Electronics Co Ltd, Telefonaktiebolaget LM Ericsson, Verizon Communications Inc, Vodafone Group PLC, and ZTE Corp. Increase in Adoption of IoT Devices Boosts Asia Pacific 5G Services Market As the global adoption of Internet of Things (IoT) devices accelerates across various industries, the demand for advanced connectivity solutions becomes critical. 5G networks, offering unparalleled speed and reliability, are uniquely positioned to support this demand. By enhancing communication and data exchange, 5G empowers organizations to effectively integrate IoT technology, with projections suggesting velocities ten times faster than LTE networks. This development enables rapid data transfers between IoT devices, fostering innovation and operational efficiency. The synergy between 5G technology and edge computing presents innovative opportunities for diverse industries. Notably, collaborations between tech giants like IBM and Verizon are exploring 5G and edge solutions to enhance remote-controlled robotics, real-time video analytics, and factory automation. With 5G's capability to seamlessly connect sensors in substantial structures, new avenues in occupancy management, energy efficiency, and guest experiences are unfolding, propelling the growth potential of the 5G services market. Asia Pacific 5G Services Market Overview China maintains a commanding lead in the 5G rollout, aggressively developing its infrastructure. Early 2021 data reveals that China Mobile had amassed 168.97 million 5G subscribers, a significant increase from the previous year's 6.7 million. With 718,000 5G base stations established in 2020, China accounted for nearly 70% of the global total. According to the World 5G Convention in 2022, Chinese telecom operators invested US$ 59.4 billion in 5G infrastructure. By March 2022, China boasted 355 million 5G users and deployed 1.4 million base stations. The Ministry of Industry and Information Technology (MIIT) reported that by July 2022, China had constructed approximately 1.97 million 5G base stations, bringing 5G coverage to nearly all prefecture-level cities and counties, including 96% of towns in China. Consequently, China's 5G base stations account for over 60% of global users. Asia Pacific 5G Services Market Segmentation: By type, the market segments into enhanced mobile broadband (eMBB), massive machine-type communications (mMTC), ultra-reliable low latency (uRLLC), and fixed wireless access (FWA). The eMBB segment claimed the largest market share in 2023. The market divides by end user into enterprises and consumers, with enterprises holding a larger market share in 2023. Enterprises further segment into IT & telecom, manufacturing, healthcare, BFSI, retail & e-commerce, among others. By country, segmentation includes China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific, with China leading the market share in 2023. Reasons to Buy: Streamline research efforts by identifying market growth, size, leading players, and segments. Align business strategies with key industry priorities for optimal results. Leverage critical findings and trends to develop long-term industry strategies. Explore significant growth opportunities in both developed and emerging markets. Examine in-depth market trends and the driving and restraining forces for informed decision making. Enhance strategic decisions on products, segmentation, pricing, and distribution by understanding underlying commercial interests. Key Topics Covered 1. Introduction 1.1 Report Guidance 1.2 Market Segmentation 2. Executive Summary 2.1 Key Insights 2.2 Market Attractiveness 3. Research Methodology 3.1 Secondary Research 3.2 Primary Research 4. Asia Pacific 5G Services Market Landscape 4.1 Overview 4.2 Ecosystem Analysis 5. Asia Pacific 5G Services Market - Key Market Dynamics 5.1 Market Drivers 5.2 Market Restraints 5.3 Market Opportunities 5.4 Trends 5.5 Impact of Drivers and Restraints 6. 5G Services Market - Asia Pacific Analysis 6.1 Asia Pacific 5G Services Market Revenue, 2021-2031 6.2 Asia Pacific 5G Services Market Forecast Analysis 7. Asia Pacific 5G Services Market Analysis - by Type 7.1 Enhanced Mobile Broadband (eMBB) 7.2 Massive Machine-Type Communications (mMTC) 7.3 Ultra-Reliable Low Latency (uRLLC) 7.4 Fixed Wireless Access (FWA) 8. Asia Pacific 5G Services Market Analysis - by End User 8.1 Enterprises 8.2 Consumers 9. Asia Pacific 5G Services Market - Country Analysis 9.1 Asia Pacific 5G Services Market Overview 10. Competitive Landscape 10.1 Heat Map Analysis by Key Players 10.2 Company Positioning & Concentration 11. Industry Landscape 11.1 Overview 11.2 Market Initiatives11.3 Product Developments11.4 Expansions11.5 Partnerships and Collaborations12. Company Profiles 12.1 Verizon Communications Inc.12.2 Huawei Technologies Co. Ltd.12.3 Telefonaktiebolaget LM Ericsson 12.4 Nokia Corp.12.5 Samsung Electronics Co. Ltd.12.6 ZTE Corp.12.7 Vodafone Group PLC12.8 Orange SA 12.9 Deutsche Telekom AG 12.10 China Mobile Limited For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

Eco Wave Power Prepares for First-Ever U.S. Installation as LA Wave Energy Project Gains Momentum
Eco Wave Power Prepares for First-Ever U.S. Installation as LA Wave Energy Project Gains Momentum

Associated Press

time2 hours ago

  • Associated Press

Eco Wave Power Prepares for First-Ever U.S. Installation as LA Wave Energy Project Gains Momentum

Los Angeles, California--(Newsfile Corp. - June 12, 2025) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE), a leading onshore wave energy technology company, is pleased to announce a significant milestone in the development of its first U.S. pilot project, located at the Port of Los Angeles. Amid rapid and meaningful progress, Inna Braverman, Founder and CEO of Eco Wave Power, and Ran Atias, VP of Engineering, conducted a site visit to All-Ways Metal, a woman-owned metal fabrication company based in California and the official manufacturing partner for Eco Wave Power's U.S. pilot. [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: During the visit, the team confirmed the production of three of the Eco Wave Power floaters, which will next enter the painting, and full assembly phase in preparation for installation. Eco Wave Power also confirmed that all floaters for the Port of LA pilot are expected to be completed by the end of June 2025, keeping the project on track and on schedule, with installation intended to take place in July 2025. The visit marks a strong step forward in Eco Wave Power's commitment to local sourcing, high-quality manufacturing, and U.S. job creation. 'Seeing the floaters take shape here in California is incredibly exciting,' said Inna Braverman, CEO of Eco Wave Power. 'This is not just a milestone for our technology—it's a powerful statement about what happens when international innovation meets strong local partnerships. The floaters taking shape here in California are not just steel and bolts-—they're the physical proof that wave energy is moving from concept to reality on American shores.' In parallel to the production site visit, representatives from Eco Wave Power and the Port of Los Angeles held a joint visit to the installation site. There, the parties reviewed the detailed deployment plan and agreed on the final installation strategy, with deployment scheduled to begin in July. This pilot marks the first-ever onshore wave energy installation in the United States and is expected to serve as a proof-of-concept for scalable, cost-effective wave power integration into U.S. ports and coastal infrastructure. Hosted by AltaSea at the Port of Los Angeles, a world-class centre for the Blue Economy, the Eco Wave Power pilot will demonstrate the company's patented technology using floaters attached to pre-existing structures. Motion from the waves will be converted into clean electricity by a land-based conversion unit-offering a disruptive, low-maintenance alternative to offshore systems. The project is backed by Shell's Marine Renewable Program and forms a central part of Eco Wave Power's U.S. market entry strategy. About All-Ways Metal All-Ways Metal is a woman-owned California-based manufacturing company with a strong track record of innovation and excellence in metal fabrication. Known for precision, quality, and sustainability, All-Ways Metal is committed to advancing cleantech solutions and supporting green jobs in the U.S. Their partnership with Eco Wave Power highlights a shared vision for a cleaner, locally powered energy future. About Eco Wave Power Global AB (publ) Eco Wave Power is a leading onshore wave energy company revolutionizing clean energy with its patented, smart, and cost-efficient technology that converts ocean and sea waves into sustainable electricity. Dedicated to combating climate change, Eco Wave Power operates the first grid-connected wave energy project in Israel, co-funded by EDF Renewables IL and the Israeli Energy Ministry, which recognized the technology as a 'Pioneering Technology.' Expanding globally, Eco Wave Power is preparing to install projects at the Port of Los Angeles, Taiwan, and Portugal, adding to its impressive project pipeline totalling 404.7 MW. The company has received support from prestigious institutions such as the European Union Regional Development Fund, Innovate UK, and the Horizon 2020 program, and was honoured with the United Nations' Global Climate Action Award. Eco Wave Power's American Depositary Shares (WAVE) are traded on the Nasdaq Capital Market. Learn more at Information on, or accessible through, the websites mentioned above does not form part of this press release. For more information, please contact the company at: [email protected] Forward-Looking Statements This press release contains forward-looking statements within the meaning of the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other federal securities laws. For example, the Company is using forward-looking statements in this press release when it discusses: the expectation that all of the floaters for the Port of LA pilot are expected to be completed by the end of June; and the expectation that installation will take place in forward-looking statements and their implications are neither historical facts nor assurances of future performance and are based on the current expectations of the management of Eco Wave Power and are subject to a number of factors, uncertainties and changes in circumstances that are difficult to predict and may be outside of Eco Wave Power's control that could cause actual results to differ materially from those described in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Except as otherwise required by law, Eco Wave Power undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting Eco Wave Power is contained under the heading 'Risk Factors' in Eco Wave Power's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, filed with the SEC on March 3, 2025, which is available on the on the SEC's website, , and other documents filed or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. References and links to websites have been provided as a convenience and the information contained on such websites is not incorporated by reference into this press release. To view the source version of this press release, please visit

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store