Capstone Green Energy (NASDAQ: CEPL) saw its shares decline 2.6% in pre‑market trading on Wednesday following the announcement of a new lease agreement with international oil and gas operator Maurel & Prom for a flare‑gas recovery project in Gabon. Under the agreement, Capstone will supply a C600 Signature Series microturbine that will convert associated gas, which would otherwise be flared, into electricity to power platform operations at an on‑shore West African asset. The project is structured through Capstone’s Energy‑as‑a‑Service model as a 36‑month Lease‑to‑Own offering, with commissioning expected in November 2026.
Vince Canino, President and CEO of Capstone Energy+, stated that flare‑gas valorization simultaneously eliminates a significant emissions source and provides reliable power for remote operations. The lease structure provides Maurel & Prom with factory‑direct equipment on fixed periodic payments, preserving capital, and includes end‑of‑term options to purchase the equipment, renew the lease, or upgrade to newer technology.
Capstone’s microturbine platform is engineered for continuous operation on variable‑composition fuel streams, featuring a single‑moving‑part, air‑bearing design that requires no oil or coolant and demands fewer service interventions compared with conventional reciprocating engines. To date, Capstone has shipped more than 10,800 microturbine units across 89 countries through its global distributor network, serving industrial and commercial customers as well as data‑center applications.