Capstone green energy (nasdaq: cgrn) signs 20-year parts & labor service contract on an 800kw energy system installed at a premier hotel in jamaica

Capstone green energy continues to expand its energy as a service business van nuys, ca / accesswire / january 11, 2022 / capstone green energy corporation (www.capstonegreenenergy.com) (nasdaq:cgrn), ("capstone", the "company", "we" or "us"), a global leader in carbon reduction and on-site resilient green energy as a service (eaas) solutions, announced today that innovative energy company limited (iec), the exclusive capstone distributor for jamaica (www.ieclja.com), signed a 20-year parts & labor factory protection plan (fpp) service contract for a c800s, 800 kilowatt (kw), signature series capstone energy system installed at a premier hotel in jamaica. capstone green energy continues to expand its energy as a service (eaas) business, including its industry-leading fpp long-term comprehensive service product and its long-term rental program, both of which are important elements to capstone achieving its near-term profitability goals as service contracts and rentals agreements generate higher contribution margin rates than traditional product sales.
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