Capstone hits 39 MW in EaaS rental

Capstone Green Energy Corp. said it has secured several new Energy-as-a-Service (EaaS) rental contracts, pushing its total of rented or under contract to 39 MW. The company expects it will reach its 50 MW target by next March 31.

Capstone’s growth in its Energy-as-a-Service (EaaS) business. {Photo: Capstone)

The new contracts represent the continued expansion of the EaaS strategy and is indicative of ongoing customer demand, the company said.

“Capstone is seeing ongoing strong customer demand across multiple industries for its EaaS long-term rental services,” said Darren Jamison, Capstone president and CEO. “The growth has been robust, with 7 MW under contract in March 2021 and 26 MW under contract in March 2022. Today EaaS agreements are approaching 40 MW. I am confident we will meet our strategic goal of 50 MW by March 31, 2023, as we continue to manage customer delivery dates and navigate the global supply chain.”