Capstone Green Energy Secures a 3 MW Energy-as-a-Service Contract for a Remote Data Center Handling Cryptocurrency Mining

–Capstone will help achieve customer’s CO2 emissions and cost reduction goals–

Capstone Green Energy Corporation’s, exclusive distributor for the Mid-Atlantic and Southeastern US and the Caribbean, E-Finity Distributed Generation, has secured a new long-term Energy-as-a-Service (EaaS) contract with a cryptocurrency mining company looking to reduce its impact on the environment. This business expansion demonstrates progress on the Company’s vision to create smarter energy for a cleaner future and builds on its track record of saving its customers an estimated $698 million in annual energy savings, and reducing CO2 emissions by more than 1,115,100, in the past three years alone.

“Our track record of successful operations in remote oil and gas locations across the Mid-Atlantic and the data center quality power generated by the microturbine-based systems was key to our customer’s decision to deploy the three megawatt Capstone systems”

Cryptocurrency mining is a fast-growing industry and involves specialized computers used to compute complex mathematical puzzles. Powering and cooling the processing units is extremely energy intensive. This cryptocurrency mining company will use Capstone Green Energy’s Energy-as-a-Service to generate more efficient and cleaner electricity to power its remote data center operations. Capstone Green Energy’s Energy-as-a-Service includes a low emission and quiet microturbine providing data center quality power, unit maintenance and 24/7 system monitoring at a fixed price for the length of the contract.

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The customer, which mines large volumes of cryptocurrency, approached E-Finity wanting to take advantage of existing on-site production waste gas that would otherwise go unused. Because Capstone microturbines are designed to offer fuel flexibility, the system will use the waste gas, a benefit that not only reduces emissions but also offers operational savings. The Capstone microturbines generate electricity that is already substantially lower in emissions and cost from most grid power. Using energy that would otherwise be wasted brings even greater environmental and economic benefits to the project. Further, the added reliability and low maintenance requirements of microturbine-based systems make them ideal for remote locations, which can be hard to reach and often deal with challenging climate conditions.

“This new cryptocurrency mining customer has a proven track record of utilizing off-grid, stranded natural gas resources to generate low-cost energy to fuel their mining operations. Using Capstone’s Energy-as-a-Service should allow them to achieve CO2 reduction goals while providing exceptional uptime by utilizing highly reliable, low emission natural gas-fueled microturbines,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy.

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Capstone is seeing new growth as the cryptocurrency mining industry, and other growing energy intensive industries, take progressive steps that will allow them to lower their environmental impact, maintenance costs and time spent managing their energy supply, while also increasing power reliability.

“Our track record of successful operations in remote oil and gas locations across the Mid-Atlantic and the data center quality power generated by the microturbine-based systems was key to our customer’s decision to deploy the three megawatt Capstone systems,” said Jeff Beiter, Managing Partner of E-Finity Distributed Generation. “Capstone’s Energy-as-a-Service provides peace of mind for customers who are looking to reduce energy costs, receive stable high-quality power, ensure ongoing monitoring and maintenance, and limit their impact on the environment, all for a fixed price.”

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