Latest news with #Capstone
Yahoo
29-05-2025
- Business
- Yahoo
Royalties Inc. Reports Q1 Results For March 31, 2025 and Update on Capstone Lawsuit
Toronto, Ontario--(Newsfile Corp. - May 29, 2025) - Royalties Inc. (CSE: RI) (OTC Pink: ROYIF) (or "the Company") reports its results for the first quarter ended March 31, 2025. This news release should be read in conjunction with the Company's unaudited financial statements and the associated management's discussion and analysis (MD&A) for the year ended March 31, 2025 which are available on the Company's website at or under the Company's profile on SEDAR+ at Recent Activities On January 13, 2025, the Company completed a non-brokered private placement with directors and officers for 5,280,000 shares at $0.03 per share for net proceeds totaling $158,400, and 720,000 shares at $0.03 per share as debt settlement totaling $21,600 in respect of a fee paid for electronic clearing and settlement in the United States through the Depository Trust Company ("DTC"). DTC eligibility was approved on April 3, 2025 which is expected to simplify the process of trading and enhance the liquidity of common shares in the United States. Note that 3,650,000 share options exercisable $0.06 per share are expiring June 4, 2025. Capstone Lawsuit Update Since 2020, Royalties Inc. has been in a dispute with Capstone Copper Corp., ("Capstone") over the ownership of a 2% NSR on five concessions called the Portree claims, established in 2002, that are now part of the Cozamin Mine in Zacatecas, operated by Capstone. The company filed lawsuits in Mexico against Capstone in 2021. On April 9, 2025 the company's 88% owned subsidiary, the lawyers for Minera Portree de Zacatecas S.A. de C.V. ("MPZ") filed the final arguments with the court in Zacatecas, Mexico in the lawsuit against Raul Gonzalez Anaya and Capstone Gold S.A. de C.V. to invalidate their contract assigning the 2% NSR, without the knowledge or consent of the rightful and longstanding owner, which is MPZ. On May 12, 2025, the case was officially forwarded to the Judge to render a decision which is expected to be made in the month of June. Capstone initially reported that mining started within the Portree claim in the fourth quarter of 2019. In anticipation of the successful resolution of the dispute, the assertion is that Capstone owes the Company a 2% NSR on the ore mined from the Portree portion over the last 5 years, which the Company estimates is 30% of the Mala Noche Footwall Zone ("MNFZ") based on the assumption of the proportion of the surface linear strike of 1.5 km of the MNFZ, the area which represents almost all of the production at the Cozamin Mine, according to Capstone. In 2024, Capstone paid US$4.4 million in royalties on US$234 million of net revenues for an average 1.9% NSR paid to two royalty holders. Royalties of US$3.2 million were paid to Grupo Minera Bacis S.A. de C.V. ("Bacis") under the terms of a December 2003 agreement where a 3% NSR is paid on production from the property covered by the agreement, which the Company estimates as about one third or 500 meters of the MNFZ. Royalties of US$1.2 million were paid to Gold Royalty Corporation ("GROY") in respect of a 1% NSR on 2 claims only 300 meters and down strike from the Portree block on the MNFZ. If the Portree portion of the MNFZ represents about 30% of the 1.5 km strike being mined, GROY represents 37% of the strike and Bacis represents 33% of the strike length, then the Company estimates the 2% NSR on the Portree claim in dispute represents US$1.5 million in potential cash flow per year plus the amount owed on production since 2019. This figure excludes the long term potential of the 2% NSR on both the depth potential and any resource mined on the entire area covered by the five Portree claims which include the historical high grade Parroquia copper mine in the southwest area of the Cozamin Mine land holdings. The precise figures will only be determined with the actual co-operation of Capstone, which has not been forthcoming. Results of Operations The Company generated dividend and royalty income of $26,925, lower than the prior year quarter of $31,569 due to the cancellation of a TV syndication. Total expenses were $58,664 vs $54,069 in the prior year, resulting in an increased operating loss of $31,739 vs $22,500 in 2024. Assets and Liquidity Total assets as at March 31, 2025 were $1,345,389 compared to $1,252,384 at December 31, 2024, mostly representing the Company's investment Music Royalties Inc. and four other music royalty streams. As at March 31, 2025, the Company had cash of $141,375 to settle current liabilities of $99,819, excluding a US$2,000,000 contingent liability of a Mexico subsidiary to a defunct company, which the Company is working on to legally cancel. About Royalties Inc. Royalties Inc. owns a 100% interest, subject to a 1.5% NSR owned as a separate asset, on the Bilbao silver-zinc-lead project located in the State of Zacatecas, Mexico. Royalties Inc. owns 88% of the outstanding shares of Minera Portree de Zacatecas, S.A. de C.V ("MPZ") which holds an asserted claim (backed by a court approved lien) to a 2% net smelter royalty established in 2002 on five mining concessions called the 'Portree claims', a portion of which is on the Mala Noche Footwall Zone, the main source of production at the Cozamin mine where Capstone Copper Corp. ("Capstone") has been mining since 2010. Capstone assigned this royalty to themselves without the knowledge of or proper payment to MPZ, the longstanding and rightful owner, in 2017 and 2019. MPZ filed civil and criminal lawsuits in Zacatecas in 2021 to invalidate the contract to transfer ownership. The claim is challenged by Capstone. Royalties Inc. has a 2% stake in Music Royalties Inc. ("MRI"), which has acquired 30 cash-flowing catalogs and paid out over $11 million in dividends since 2019 from 30 cash-flowing catalogs generating a 7.2% annual yield. For further information contact Royalties Inc. at Tim GallagherCEO & Director(416) 925‐0090 Connor Gallagher Investor Relations(647) 921-2206 Andrew RobertsonDirector(416) 317-0137 Neither the CSE, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this press release. Forward-Looking Statements This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of those terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to: sufficient capital and financing required in order to fulfill the Company's business plans and strategy may not be obtained as expected; that the Company will not be able to pay future dividends; and other risks related to the Company as disclosed in the documents filed on the Company's profile at SEDAR+ at Accordingly, readers are cautioned not to place undue reliance on forward-looking statements contained in this press release and they are expressly qualified in their entirety by this cautionary statement. The forward-looking statements herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. The Company does not undertake any obligation to update publicly or revise any such forward-looking statements whether as a result of new information, future events or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
27-05-2025
- Business
- Business Wire
Capstone Green Energy to Deliver Scalable 2MW Microturbine System for Government-Backed Power Station in Remote Oceania Community
LOS ANGELES--(BUSINESS WIRE)-- 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. These solutions, which are renewable fuel-ready, integrate seamlessly with other renewable energy systems as well. 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 rentals@ 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 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.
Associated Press
27-05-2025
- Business
- Associated Press
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 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 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
Axios
27-05-2025
- Business
- Axios
Trump's drug price plan may hinge on Congress
One of the drug industry's biggest guardrails against President Trump's "most favored nation" drug pricing plan is the fact that it's less enforceable without the involvement of Congress. Why it matters: Enshrining such a policy in law would be proof of GOP evolution on drug prices — or at least the party's willingness to break with its traditional aversion to government price-setting. It would also likely enable policy changes resulting in deeper reductions in what Americans pay for drugs, potentially slashing manufacturers' revenue and creating global disruption. But for now, Trump isn't asking much from the GOP on drug prices while lawmakers deal with a sweeping overhaul of Medicaid and government spending battles. State of play: Trump issued an executive order this month calling for the U.S. to pay less for drugs than other comparable countries. Last week, Health and Human Services outlined targets manufacturers are expected to hit based on the lowest price in Organization for Economic Cooperation and Development nations with a GDP per capita of at least 60% of the U.S. GDP per capita. Analysts have noted it isn't apparent how the plan would overcome legal hurdles. The EO "lacks a clear legal mechanism for implementation, a positive for the industry," Capstone analysts wrote. "Ultimately, any substantive price-setting beyond the Inflation Reduction Act's Medicare negotiation will be tested in litigation." "To disrupt reimbursement within Medicaid, Medicare Part D, or outside government insurance programs, Capstone believes that the administration would be unable to implement policy without Congress," they added. "Notably, we expect the implementation of MFN to require legislation with Trump citing a roll up into an official bill where we believe the industry has more avenues to oppose and with noted internal GOP opposition," wrote a UBS Investment Bank analyst. Flashback: Trump tried to enact a similar most favored nation policy during his first term, but it was halted by the courts after the drug industry sued. The idea was eventually abandoned by the Biden administration. The courts blocked Trump's plan based on how it was implemented, not on the merits itself — "something the administration could relatively easily fix," said Washington University law professor Rachel Sachs. But there were also legal challenges to the underlying policy, and there almost certainly would be again should the executive order ever translate into actual regulation. Going through Congress instead could help avoid at least some such pitfalls, as well as confront some of regulation's operational challenges, Sachs said. "Congress has more authority to legislate for the benefit of a much broader set of Americans, but there are also more veto points in place, including political realities, that would limit Congress' ability to do that," she added. The intrigue: While testifying on the Hill earlier this month, HHS Secretary Robert F. Kennedy Jr. told Sen. Bernie Sanders (I-Vt.) that he "absolutely" would work with him on legislation to lower U.S. drug prices so they're better aligned with what other countries pay, Axios Pro reported. Sanders said Trump's executive order is likely to be thrown out in court, necessitating legislation for lower prices. He and other Democrats recently introduced such legislation. A similar bill was introduced earlier this month — but this one by a bipartisan duo, including GOP Sen. Josh Hawley of Missouri. Reality check: Hawley is the exception among congressional Republicans, not the rule. Though many of pharma's fiercest defenders have retired from Congress, the GOP is still generally hardwired to avoid anything that could be considered price-setting within health care. Recent chatter about including an MFN-for-Medicaid policy in the GOP's reconciliation bill ended up going nowhere. And the Trump administration itself has already passed on the chance to include some kind of MFN-like policy within Medicare drug price negotiation guidance, which also came out last week (but to much less fanfare). The guidance doesn't include any kind of international reference pricing component for negotiated prices that will take effect in 2028. What we're watching: Yes, there's a very strong case for why MFN is going nowhere on the Hill. And yet, stranger things have already happened during Trump's tenure, as the GOP's populist streak overtakes traditional free-market conservatism.
Yahoo
15-05-2025
- Business
- Yahoo
City of Janesville Expands Commitment to Sustainability with New Capstone Green Energy Microturbines
Supported by 90% Project Funding from DOE and ITC, Janesville Leverages Proven Capstone Reliability to Upgrade Energy Infrastructure LOS ANGELES, May 15, 2025--(BUSINESS WIRE)--Capstone Green Energy Holdings, Inc. (the "Company" or "Capstone") (PINK: CGEH) and Capstone Green Energy, LLC., announced that Vergent Power, Capstone's distributor for the Upper Midwest, New England, and Eastern Canada, has secured a follow-on order for the City of Janesville, Wisconsin, as they enhance their wastewater treatment facility with new Capstone microturbines. A long-time customer, the City of Janesville has been running Capstone microturbines since 2010 and recently purchased two additional C65 microturbines, one C200S microturbine, and a Vergent controller. Two C65 microturbines from the original 2010 installation are still in operation. The follow-on project includes the commissioning of a C200 microturbine in November 2024, as well as the recent commissioning of two C65 microturbines in April 2025. These follow-on orders increase the facility's total on-site generation capacity to 460 kW. The decision to expand their Capstone microturbine system was driven by Janesville's positive experience with the reliability and performance of Capstone's technology. The availability of substantial financial incentives, including the federal Investment Tax Credit (ITC) and a Department of Energy (DOE) ITAC grant, which covered 90% of project costs, helped to further reinforce the City's commitment to upgrading its energy infrastructure using Capstone solutions. "Our facility is operating a new microturbine at a fraction of the cost," said David Botts, P.E., Utility Director for the City of Janesville. "Vergent has been excellent at handling the upgrade for us, with minimal involvement from our team. Having access to so many external funding programs allows us the ability to lower our carbon footprint on a sustainable basis for our community. The process could not have been more seamless. All wastewater treatment facilities should explore similar opportunities to improve their efficiency, all while reducing costs." The new microturbines will operate in a combined heat and power (CHP) application, utilizing digester gas as the fuel. The system will supply electricity to support wastewater facility operations. The waste heat from the microturbines is captured and converted into useful thermal energy for the facility's anaerobic digesters. This efficient and sustainable approach reduces greenhouse gas emissions while significantly lowering operational costs. "Capstone is honored to continue our collaborative, long-standing relationship with the City of Janesville," said Vince Canino, President and CEO of Capstone Green Energy. "This project demonstrates the repeatable business model that our Microturbine CHP systems can provide. Our ability to run reliably on digester gas is a great example of recycling a waste stream into a set of useful products that help reduce costs and improve the environment. It is truly exciting to provide enhanced sustainability solutions for municipal facilities like the City of Janesville. This is an excellent model of how wastewater treatment plants can take advantage of their waste streams by leveraging innovative energy solutions that benefit their communities." Capstone's advanced microturbine technology, coupled with Vergent's expertise in project development and management, allows the City of Janesville to continue its leadership in adopting energy-efficient, clean technology that benefits both the environment and its taxpayers. About Capstone Green Energy For almost four decades, Capstone Green Energy has been at the forefront of clean technology using microturbines, 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 rentals@ 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 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 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 Contacts Capstone Green EnergyInvestor and investment media inquiries:818-407-3628ir@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
