2022-09-30 | NDAQ: CGRN | Press release

Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon emissions reduction and resilient on-site green energy solutions, today announced the appointment of Celia Fanning as chief accounting officer. On September 19, 2022, Capstone Green Energy Corporation (the “Company”) appointed Celia Fanning as the Company’s Chief Accountant and Controller, effective September 26, 2022. In this role, Ms. Fanning will become the Company’s Chief Accountant. .

“Celia brings over 22 years of finance experience and financial acumen to the Capstone team,” said Darren Jamison, President and CEO of Capstone Green Energy. “With a strong leadership style, Celia will be instrumental in quickly implementing improvements in our accounting and reporting processes. We look forward to her participation in the transformation of our organization at this important time.”

“I was impressed with the innovation behind Capstone’s technology and the team’s dedication to improving their global customers’ energy needs and reducing environmental impact, while saving them money. ‘money,” said Celia Fanning, chief accounting officer and controller of Capstone. Green energy. “I look forward to working with the Capstone management team.”

Prior to joining the Company, Ms. Fanning served as Vice President of Finance and Accounting at Groundwork Coffee Holdings, LLC from April 2018 to February 2022. From September 2015 to October 2017, Ms. Fanning served as Vice President of Finance at Spencer N. Enterprises. , Inc. Ms. Fanning served as Vice President of Finance and Controller for Sentry Control Systems, LLC from February 2011 to September 2015. Ms. Fanning was employed by JAKKS Pacific, Inc. as Vice President Corporate Controller from February 2000 to February 2010.

Ms. Fanning holds an MBA from the University of Southern California.

About Capstone Green Energy

Capstone Green Energy (NASDAQ: CGRN) is a leading provider of custom microgrid and onsite energy technology system solutions to help customers around the world achieve their environmental, energy savings and resilience. Capstone Green Energy focuses on four key business areas. Through its Energy as a Service (EaaS) business, it offers rental solutions using its microturbine energy systems and battery storage systems, full-service Plant Protection Plan (FPP) contracts that guarantee life cycle costs, as well as spare parts. Power Generation Technologies (EGT) are driven by the company’s resilient, highly efficient, low-emission and industry-leading microturbine power systems, offering scalable solutions in addition to a broad range of bespoke solutions including hybrid power systems and larger frame industrial turbines. . The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems by creating custom solutions using a combination of battery technologies and monitoring software. Through hydrogen and sustainable products (H2S), Capstone Green Energy offers its customers a variety of hydrogen-based products, including the company’s microturbine energy systems.

To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, customers saved over $213 million in annual energy costs and approximately 388,000 tonnes of carbon. Total savings over the past four years are estimated at approximately $911 million in energy savings and approximately 1,503,100 tonnes in carbon savings.

For clients with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: locations@CGRNenergy.com.

For more information about the company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on TwitterLinkedIn, Instagram, Facebook and YouTube.

Caution Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s objective for the growth of its rental fleet and other statements regarding expectations, beliefs , plans, intentions and strategies of the Company. The Company has attempted to identify these forward-looking statements by using words such as “expect”, “anticipate”, “believe”, “could”, “should”, “estimate”, “intend”. , “may”, “will”, “plan”, “objective” and similar terms and expressions, but such words, terms and expressions are not the exclusive means of identifying such statements. Actual results, performance and achievements may differ materially from those expressed or implied by such forward-looking statements due to various risks, uncertainties and other factors, including, but not limited to, the following: the adequacy of working capital to achieve its growth objective of the rental fleet; the continued effects of the COVID-19 pandemic; the availability of credit and compliance with covenants governing the Company’s indebtedness; the Company’s ability to develop new products and improve existing products; the s product quality issues, including the adequacy of reserves therefor and exposure to warranty costs; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and departures and other changes of management and other key employees. For a detailed discussion of factors that could affect the Company’s future results of operations, please see the Company’s filings with the Securities and Exchange Commission, including the information provided under “Risk Factors” in those documents. . Except as expressly required by federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changes in circumstances or future events. , or for any other reason.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220930005115/en/