Capstone Green Energy continues to expand its EaaS business with new 10-Year 1.2 MW Parts & Labor Service Contract in Eastern Europe

Capstone Green Energy Corporation, a global leader in carbon reduction and on-site resilient green Energy as a Service (EaaS) solutions, has announced  that Servelect, Capstone’s exclusive distributor for Romania, entered into a new 10-year Parts and Labor Factory Protection Plan (FPP) service contract for two Capstone Signature Series C600S natural gas-fueled systems installed in Eastern Europe. Through its EaaS business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems.

“Capstone continues to focus on expanding our EaaS business, including our innovative FPP service program, as extended service agreements generate higher margin rates than traditional product sales,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “Our FPP service business in conjunction with our long-term rental fleet are the cornerstones of our EaaS business, which we believe to be key to achieving our profitability goals,” added Mr. Jamison.

The two Capstone Signature Series C600S units, generating 1.2 megawatts (MWs) of power, are owned and operated by Cemacon, Romania’s largest ceramic block producer, which was founded in 1969 in Zalau, Romania, and has since expanded to lead that market in Transylvania. Cemacon has a proud history of innovation and a belief in environmentally sound processes, having developed an eco-friendly ceramic production line in which the Capstone C600S units play a key role in the drying process. With a capacity of 2.25 MW thermal, the high-efficiency cogeneration plant commissioned in August 2021 operates the two C600S units on natural gas with an optimized total net efficiency of 95%. Cemacon’s Reccea plant is located five hours from Bucharest and operates in grid connect mode supporting the plant’s power requirements and exporting approximately 400 kilowatts (kW) of excess power to the local grid.

For this industry, the installation signals a progressive approach with the significantly reduced emissions, improved environmental footprint, and high net efficiency,” stated Tracy Chidbachian, Capstone’s Director of Customer Service. “We are meeting the customer’s operational needs for a secure and stable drying process and doing so in an environmentally responsible manner while providing the customer significant financial savings,” concluded Ms. Chidbachian.

The Capstone Green Energy parts and labor FPP is designed to provide ten years of comprehensive maintenance, giving the end-use customer financial peace of mind and protecting the installation from potentially costly unscheduled maintenance.

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