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Business Wire
2 days ago
- Business
- Business Wire
Robert F. Beard Elected to the Capstone Green Energy Board of Directors Following 2025 Annual Meeting of Stockholders
LOS ANGELES--(BUSINESS WIRE)-- Capstone Green Energy Holdings, Inc. (the "Company' or 'Capstone') (OTCID: CGEH) and Capstone Green Energy, LLC., today announced the election of Robert F. Beard to the Company's Board of Directors, effective August 12, 2025 following the conclusion of the Company's 2025 Virtual Annual Meeting of the Stockholders, held earlier in the day. Mr. Beard will serve as a Class I Director and as a member of the Audit Committee and Compensation and Human Capital Committee. Following the appointment of Mr. Beard, the Board will be comprised of eight members. Bob brings a wealth of experience and a strong track record of driving growth, operational excellence, and strategic transformation across the energy industry. 'Bob brings a wealth of experience and a strong track record of driving growth, operational excellence, and strategic transformation across the energy industry,' said Bob Flexon, Chairman of the Board of Directors of Capstone. 'His leadership experience in the energy industry has earned him wide respect, and I'm confident he will make a meaningful contribution to Capstone's Board. We're pleased to welcome him and look forward to the insights he'll bring to support Capstone's continued success.' Mr. Beard is a seasoned board leader and former chief executive with more than 35 years of experience driving operational strategy, meaningful P&L growth, and business transformation for both public and private companies in the energy industry. He currently serves on the Board of Directors for Black Hills Corporation and previously held board positions with UGI Utilities and the American Gas Association. Mr. Beard brings deep expertise in strategic planning, capital budgeting, M&A, and executive compensation, along with a strong track record of aligning business operations with long-term growth goals. Most recently, Mr. Beard served as Chief Operating Officer of UGI Corporation and Chief Executive Officer of UGI Utilities, where he led a major organizational transformation to improve customer satisfaction and operational performance under UGI's 'One Company' vision. During his tenure, he executed multi-billion dollar capital investments, directed the $1.3 billion acquisition of a midstream company, and championed renewable energy and ESG initiatives to support a more sustainable future. In addition to his executive and board roles, Mr. Beard is actively engaged in the energy industry and local community, serving on advisory boards for Advanced Cooling Technologies and is also the Chair of the Finance and Investment Committee of the Pennsylvania State University Board of Trustees, as well as on the Board of Trustees for Pennsylvania State University. He holds a Master of Management and a Bachelor of Science in Petroleum and Natural Gas Engineering from Pennsylvania State University and is a Licensed Professional Engineer in Pennsylvania. 'Capstone's mission to deliver innovative, clean energy solutions strongly aligns with the values and priorities I've championed throughout my career,' said Robert Beard, Capstone's newest Board Member. 'I'm excited to bring my experience in operational strategy, business transformation, and renewable energy to help guide the company through its next phase of growth and look forward to contributing to Capstone's continued success.' About Capstone Green Energy For nearly four decades, Capstone Green Energy has been a leader in clean technology, pioneering the use of microturbines to revolutionize how businesses manage their energy needs sustainably. In collaboration with our global network of dedicated distributors, we have shipped over 10,600 units to 88 countries, helping customers significantly reduce their carbon footprints through high-efficiency, on-site energy systems and microgrid solutions. Our commitment to a cleaner, more resilient energy future remains steadfast. Today, we offer a comprehensive range of microturbine products, from 65kW systems to multi-megawatt solutions, tailored to meet the specific needs of commercial, industrial, and utility-scale customers. In addition to our core microturbine technology, Capstone's growing portfolio includes flexible Energy-as-a-Service (EaaS) offerings, such as build-own & transfer models, PPA's, lease to own and rental solutions, are designed to provide maximum value and energy security. Capstone's fast, turnkey power rental solutions are designed for customers with limited capital budgets or short-term energy needs. For more information, please contact us at rentals@ In our pursuit of cutting-edge energy solutions, Capstone has forged strategic partnerships to expand our impact and capabilities. Through these collaborations, we proudly offer advanced technologies that leverage renewable gas and heat recovery solutions—further enhancing the sustainability, efficiency, and reliability of our clients' operations. These integrated offerings reflect our commitment to building a cleaner, more responsible energy future. 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; 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.
Yahoo
19-06-2025
- Yahoo
UGI Utilities to pay $750,000 civil penalty for fatal gas main eruption in Monroe County
UGI Utilities will pay a $750,000 civil penalty after reaching a settlement related to a gas main eruption that resulted in a woman's death in Monroe County on Christmas Day, 2020. The Pennsylvania Public Utility Commission (PUC) announced June 18 that it had voted 5-0 to approve the settlement. The PUC's independent Bureau of Investigation and Enforcement had filed a complaint against UGI in December 2023. The eruption on Lower Swiftwater Road in Pocono Township resulted in the death of 33-year-old Ana R. Abreau, a passenger in a vehicle on the road. Two others were injured, two residences were evacuated, some customers lost natural gas service and $80,000 in damage was caused, the PUC said. The Monroe County District Attorney's Office announced in 2022 that there was no evidence of criminal negligence by UGI. According to the settlement, the pipe failure occurred where two sections of plastic pipe had been heated and fused together in what is called a butt fusion. Among other terms of the settlement, the PUC said, "UGI will enhance its qualified plastic butt-fusion procedure requirements and expand butt-fusion oversight activities, including new field sampling and testing requirements." Kathryne Rubright is the managing editor of the Pocono Record and the Tri-County Independent. Reach her at krubright@ This article originally appeared on Pocono Record: UGI Utilities, PUC reach settlement in fatal Poconos gas main eruption
Yahoo
03-04-2025
- Business
- Yahoo
UGI urges everyone to call 811 before digging
Apr. 3—WILKES-BARRE — Chris Brown, UGI Utilities Vice President of Operations, on Thursday said UGI wants every dig on every project to be a safe one. "Whether it is a small project or a major one, the same rule applies — call 811," Brown said. "It is an extra step to take before your shovel hits the ground, but it is an important one that could be a life saver." Brown said one phone call can be a life saver the next time you dig and calling 811 can prevent costly damage, serious injury, even death. April is "National Safe Digging Month" because it is a time when many people start outdoor projects. Brown said at least three business days before a shovel hits the ground, call 811 or go to to submit a request for your underground utilities to be located and marked. UGI says having the facility owners mark your utility lines with paint or flags can help you or a contractor avoid unintentionally hitting underground lines. Common underground utility lines include gas, water, sewer, electric, phone, and cable television. According to a survey by Common Ground Alliance, a non-profit organization committed to safety and damage prevention, 27 million U.S. homeowners plan to dig this year without contacting 811. UGI says not doing this one step is putting the digger and the community at risk of danger and loss of utility services. Brown said making the call is the law — both homeowners and contractors are required by Pennsylvania law to call 811 at least three business days before any digging or excavation. According to UGI: —No matter how small or simple a project is, if a homeowner is doing the work, they should make the call. —If a contractor is doing the work, they call 811. —The request is free for homeowners and a small annual fee for contractors. —Be prepared when calling 811 and have the location of the work ready, along with the type of work, details on how the work will be done, and the expected duration of the project. UGI also said this is a good time to remind homeowners and contractors to be mindful of the dangers above when working around electric and other above-ground facilities. Contact of any kind to power lines can be deadly. Visit — — or for more information about safe digging practices and excavation safety. Reach Bill O'Boyle at 570-991-6118 or on Twitter @TLBillOBoyle.
Yahoo
12-02-2025
- Business
- Yahoo
Scranton eyes property near redeveloped former Scranton Lace complex as city's second dog park
SCRANTON — The city plans to create a dog park near the new Lace Village community of the redeveloped former Scranton Lace Factory complex. UGI Utilities would donate to the city a mostly vacant lot at Albright Avenue and Marion Street, according to a resolution from the administration of Mayor Paige Gebhardt Cognetti to Scranton City Council. A lot owned by UGI Utilities at the corner of Albright Avenue and Marion Street in Scranton on Tuesday, Feb. 11, 2025. Scranton plans to buy the property from UGI for $1 and convert the site into a dog park. (JIM LOCKWOOD / STAFF PHOTO) The city has agreed to purchase the property for $1, according to the resolution on council's agenda for a possible vote on introduction at council's meeting Tuesday, Feb. 11 at 6:30 p.m. at City Hall. The resolution says: 'The city desires to purchase land on the corner of Albright Avenue and Marion Street from UGI for one ($1.00) dollar for purposes of exercising site control so the city can then be eligible to receive grant funds for purposes of implementing a dog park at this site.' A resolution takes two separate votes by council to adopt. If introduced by council, a resolution comes back before council at a future meeting, usually the next week, for a vote on adoption. A lot owned by UGI Utilities at the corner of Albright Avenue and Marion Street in Scranton on Tuesday, Feb. 11, 2025. Scranton plans to buy the property from UGI for $1 and convert the site into a dog park. (JIM LOCKWOOD / STAFF PHOTO) The city's website lists 38 parks, about eight of which are affiliated with youth athletic leagues. Connell Park in South Scranton has a dog park. The dimension of the UGI property is about 200 feet along Albright Avenue and 100 feet along Marion Street. The lot has two small, vacant brick buildings and a lawn area and large tree between them, and a large lawn area behind the brick buildings. A lot owned by UGI Utilities at the corner of Albright Avenue and Marion Street in Scranton on Tuesday, Feb. 11, 2025. Scranton plans to buy the property from UGI for $1 and convert the site into a dog park. (JIM LOCKWOOD / STAFF PHOTO) An old spear-tipped wrought-iron fence cordons off the lot along Albright Avenue and Marion Street. The resolution does not mention whether a plan for a dog park would preserve or restore the two brick buildings and fence. The roof of one of the brick buildings appears to be damaged in spots and some parts of the fence also are damaged and bent. The UGI lot abuts part of the former Scranton Lace factory, which is undergoing a rebirth as Lace Village, a mixed-use residential and business development. A lot owned by UGI Utilities at the corner of Albright Avenue and Marion Street in Scranton on Tuesday, Feb. 11, 2025. Scranton plans to buy the property from UGI for $1 and convert the site into a dog park. (JIM LOCKWOOD / STAFF PHOTO) For more than a century until closing in 2002, the behemoth manufacturing facility on 11 acres was home to the Scranton Lace Company, once North America's largest manufacturer of Nottingham lace. At its peak, the sprawling complex employed 1,400 workers who enjoyed on-site amenities like a gym, barbershop, theater, bowling lanes and infirmary. It began in 1891 as the Scranton Lace Curtain Manufacturing Company, a mammoth structure covering 6 acres, according to 'Time and Lace, A History Of The Scranton Lace Company,' a 2022 book by Roman Golebiowski and Darlene Miller-Lanning of the Hope Horn Gallery of the University of Scranton. * A lot owned by UGI Utilities at the corner of Albright Avenue and Marion Street in Scranton on Tuesday, Feb. 11, 2025. Scranton plans to buy the property from UGI for $1 and convert the site into a dog park. (JIM LOCKWOOD / STAFF PHOTO) * A lot owned by UGI Utilities at the corner of Albright Avenue and Marion Street in Scranton on Tuesday, Feb. 11, 2025. Scranton plans to buy the property from UGI for $1 and convert the site into a dog park. (JIM LOCKWOOD / STAFF PHOTO) * A lot owned by UGI Utilities at the corner of Albright Avenue and Marion Street in Scranton on Tuesday, Feb. 11, 2025. Scranton plans to buy the property from UGI for $1 and convert the site into a dog park. (JIM LOCKWOOD / STAFF PHOTO) * A lot owned by UGI Utilities at the corner of Albright Avenue and Marion Street in Scranton on Tuesday, Feb. 11, 2025. Scranton plans to buy the property from UGI for $1 and convert the site into a dog park. (JIM LOCKWOOD / STAFF PHOTO) * A lot owned by UGI Utilities at the corner of Albright Avenue and Marion Street in Scranton on Tuesday, Feb. 11, 2025. Scranton plans to buy the property from UGI for $1 and convert the site into a dog park. (JIM LOCKWOOD / STAFF PHOTO) Show Caption 1 of 5 A lot owned by UGI Utilities at the corner of Albright Avenue and Marion Street in Scranton on Tuesday, Feb. 11, 2025. Scranton plans to buy the property from UGI for $1 and convert the site into a dog park. (JIM LOCKWOOD / STAFF PHOTO) Expand
