Capstone Turbine rebrands as Capstone Green Energy
By Jack Burke22 April 2021
Change reflects ‘evolution’ of company, CEO says
Capstone Turbine Corp. has changed its name to Capstone Green Energy Corp. as it expands into other business lines including carbon capture.
“This Earth Day, Capstone is celebrating our most tangible achievements in having shipped more than 10 000 units worldwide. Among other things, we estimate we helped customers reduce carbon emissions by approximately 397 000 tons annually in FY21 and saved them over US$217 million in annual energy costs over the same time period,” said Capstone Green Energy Chief Executive Officer Darren Jamison. “The company is also using this day to announce a more intense focus on accelerating the market adoption of our unique, clean energy technologies and those of our network partners.
“Our name is changing to reflect our evolution as a company and the developments we are planning. While we have a new name, Capstone’s mission and goals for the future remain resolute, and that is to be a highly trusted partner providing energy conversion systems, microgrid solutions, energy as a service, and strategic energy management. Capstone Green Energy will help customers build and maintain smart energy infrastructure and engage with them as a long-term service provider and partner for their critical carbon saving initiatives.”
With this new name, Capstone said it will focus on clean energy technologies, while expanding its carbon reduction solutions portfolio to include new clean energy conversion technologies and battery storage offerings, as well as developing hydrogen-based products and bolstering its Energy as a Service (EaaS) business.