- Cal Microturbine, Capstone Green Energy Corp's (NASDAQ:CGRN) exclusive distributor for California, Hawaii, Nevada, Oregon, and Washington, has secured six orders for C65 microturbines throughout the state of California. Financial terms were not disclosed.
- The 16 C65 units will be installed for customers in the agriculture, oil and gas, and hospitality industries.
- The systems are expected to be commissioned in early 2023. The microturbines will be fueled by natural gas but can run on a 30% hydrogen blend when customers have access to such fuel blends in the future.
- Price Action: CGRN shares traded higher by 5.58% at $2.84 on Monday's last check.
