Capstone Green Energy Holdings, Inc., the public successor to Capstone Green Energy Corporation (Predecessor Capstone), is excited to announce the participation of Capstone Green Energy, LLC, its operating subsidiary (referred to herein as “Capstone” or “Capstone Green Energy”), at RE+ 2024 in Anaheim, California taking place September 9-12, 2024. In conjunction with preliminary discussions on potential OEM microgrid partnerships, Wolong Electric Group Co. Ltd. has graciously invited Capstone to participate as their guest in their booth. This marks Capstone's second exhibition at the show, having first participated in 2022.
The collaboration between Capstone and Wolong is part of ongoing discussions to develop a business relationship, with Wolong being considered as a potential Original Equipment Manufacturer (OEM) as Capstone develops its new energy storage solutions (ESS) approach to serve its customer base.
Capstone Green Energy's microturbine technology serves as the core of modern microgrid systems, thanks to its innovative inverter-based technology. A microgrid is a distribution network that incorporates a variety of distributed energy resources (DER) optimized and aggregated into a single system. This integrated system can balance loads and generation with or without energy storage and is capable of islanding, whether connected or not connected to a traditional utility power grid. Capstone’s microturbines provide the critical backbone of the microgrid. Distributed energy resources typically include dual-mode microturbines, reciprocating engines, solar photovoltaic (PV), wind turbines, fuel cells, and battery storage. This means that our microturbine-based microgrid can be connected to larger electricity grids, and in the event of a widespread outage, we can disconnect from the main grid to operate independently, supplying electricity to homes, facilities, and sites within the microgrid’s network.
"We are excited to be exhibiting at RE+ 2024 alongside Wolong and truly appreciate their generosity," said Vince Canino, President and CEO of Capstone Green Energy. "This event is an excellent opportunity to showcase our microgrid technology and how it plays in the microgrid ecosystem. Microgrids are becoming ever more essential for solving the energy trilemma of resiliency, sustainability, and affordability. We believe Wolong aligns with our endeavor to solve the energy trilemma and appreciate their invitation to participate in this show as their guest.”
“Wolong is actively exploring new business models and market segments to find new ways to increase value for our customers,” said Dr. Wang Feng, Vice President of Wolong’s Energy Storage Solutions division. “Capstone’s rich experience and its industry-leading technology in microgrid power supply and distributed power generation lends itself to Wolong’s vision of powering the future with reliable, resilient, and high-quality power supply solutions. Partnering with Capstone Green Energy for RE+ 2024 represents an important step in our shared journey towards innovative energy solutions.”
To learn more about Capstone's innovative microgrid solutions within the energy sector, RE+ 2024 show attendees are invited to visit Capstone Green Energy at the Wolong Electric Group Co. Ltd. booth A58073 in Hall A.
