78.5 F
San Fernando
Friday, Aug 19, 2022
-Advertisement-

Capstone to Sell Turbine for Food Processor in Mali

Capstone Green Energy Corp. will sell one of its energy systems to a food processing facility in Bamako, Mali.

The Van Nuys microturbine and green energy products manufacturer will commission the C600S system, which will provide the power to the site’s all-electric equipment, in May of next year. The order for the facility in the capital of the African nation was secured by an internal Capstone sales team.

The landlocked country relies on expensive fuels such as diesel and heavy fuel oil, while the Capstone system will use liquefied petroleum gas, a less expensive and cleaner alternative, the company said in a release.

Since Capstone microturbine green energy systems are highly reliable, the on-site system will also address issues of load shedding and blackouts the facility currently experiences with utility power, it added in the release.

Darren Jamison, chief executive of Capstone, said that food manufacturing facilities have a great need for power reliability as outages can cause food spoilage and lost product.

“That added operational security plus the significant cost savings in fuel can have a major positive impact on a company’s bottom line,” Jamison said in a statement. “When the cleaner fuel and low emissions impact are also factored in, the benefits of microturbine-based, on-site power generation are undeniable.”

Shares of Capstone (CGRN) closed down 1 cent, or a fraction of a percent, to $3.24 on the Nasdaq on a day when that market also closed down a fraction of a percent.

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-