We are pleased to host Darren Jamison – CEO of Capstone Turbine (CPST) – in our Water Tower Research Fireside Chat Series. Capstone Turbine Corporation is the world’s leading producer of highly efficient, low-emission, resilient microturbine energy systems. Capstone microturbines serve multiple vertical markets worldwide, including natural resources, energy efficiency, renewable energy, critical power supply, transportation and microgrids. Capstone offers a comprehensive product line-up, providing scalable systems focusing on 30 kWs to 10 MWs that operate on a variety of gaseous or liquid fuels, including natural gas, renewable natural gas, and hydrogen to provide solutions for distributed power generation needs. The company is pivoting its focus to further emphasize energy as a service (EaaS), which is comprised of growing its rental fleet and aftermarket service and components business described as a Factory Protection Plan (FPP).
You can read our Initiation of Coverage Report HERE.
The topic of the Fireside Chat will be an operational update and review of the company’s strategic initiative to expand its Energy as a Service (EaaS) business. Capstone has experienced a variety of cycles and shifts in the industry over the past decade, but management believes it has never been better positioned to leverage what is now a sea change in how energy is viewed, created and delivered. The proliferation of renewables, a focus on energy security and reliability, outdated power grids and energy as a service (EaaS) are all driving change. It is important to note that Capstone’s products are not experimental but rather have been deployed in wide scale commercial applications for decades. The platform has proven itself to be as advertised and is demonstrated by the fact that the company has to date shipped over 10,000 systems into 73 countries logging millions of operating hours.