Capstone Energy+
Capstone Energy+ designs, manufactures, and services microturbine-based on-site power, thermal energy, and energy-as-a-service solutions for mission-critical customers in data centers, healthcare, oil and gas, hospitality, and microgrid applications across 88 countries.
- Company typePublic
- Founded1988
- HeadquartersVan Nuys, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Capstone Energy+ does
Capstone Energy+ is a publicly traded distributed energy company (OTCQX: CGEH, formerly NASDAQ: CGRN) that designs, manufactures, and services microturbine-based on-site power, thermal energy, and energy-as-a-service solutions. Founded in 1988 and headquartered in Van Nuys, California, the company operates a 70,000-square-foot manufacturing facility and has shipped over 10,600 microturbine units across 88 countries. Its products serve mission-critical customers in data centers, healthcare facilities, oil and gas operations, hotels and resorts, agricultural operations, microgrid applications, and EV charging infrastructure.
The company's core technology is its microturbine platform built on three foundational power outputs (30kW, 65kW, 200kW) that scale into multi-megawatt configurations including the C600S, C800S, and C1000S systems. The platform is differentiated by patented air bearing technology supporting the turbine shaft on a frictionless cushion of air (yielding a single moving part and zero lubrication requirements), an annular recuperator that boosts electrical efficiency by approximately 50% versus non-recuperated designs, and a proprietary MultiPac synchronization architecture for combining multiple units. Hydrogen-blend combustion capability (10% commercial, 30% in development, 100% under research) was co-developed with U.S. DOE Argonne National Laboratory and UC Irvine. The Capstone Logic Controller (CLC) and Capstone Remote Monitoring System (CRMS) provide system orchestration and remote management, and the platform integrates with industry-standard Modbus for external control systems.
Capstone generates revenue through four streams: direct microturbine hardware sales, Energy-as-a-Service arrangements (PPAs, ESAs, leases), short-to-long-term rentals ranging from 65kW to multi-megawatt, and aftermarket service agreements including the Factory Protection Plan. Distribution relies on a global network of factory-authorized channel partners across 88 countries, supplemented by direct enterprise field sales targeting large accounts. In FY2026 the company reported $106.0 million in revenue (up 24% year-over-year), $33.9 million in gross profit (up 45% year-over-year, approximately 32% gross margin), and $2.8 million in net income, marking a return to profitability and the seventh consecutive profitable quarter.
Capstone Energy+ firmographics
Firmographics- Name
- Capstone Energy+
- Legal name
- Capstone Energy+, Inc.
- Website
- https://capstoneenergyplus.com
- Company type
- Public
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Capstone Energy+ designs, manufactures, and services microturbine-based on-site power, thermal energy, and energy-as-a-service solutions for mission-critical customers in data centers, healthcare, oil and gas, hospitality, and microgrid applications across 88 countries.
- Ownership category
- akta.pro rank
Capstone Energy+ industry classification
Industry- Product category
- Distributed Power Generation
- NAICS
- Turbine and Turbine Generator Set Units Manufacturing (333611), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336)
- SIC
- Engines & Turbines (3510), Cogeneration Services & Small Power Producers (4991), Motors & Generators (3621)
- akta.pro primary industry
- Microturbines, Fuel Cells & Distributed Generation Prime Movers (IMAHAFAH)
- akta.pro secondary industries
- Dispatchable Distributed Generation (Gas Reciprocating Engines, Microturbines) (EUACALAI), Commercial & Industrial (C&I) Microgrids (Factories, Warehouses, Campuses) (EUAFAJAA), Remote, Islanded & Off-Grid Microgrids (Islands, Mining, Telecom Towers) (EUAFAJAD), Microgrid & Distributed Grid Equipment (Controllers, Switchgear Packages, DER Interconnection) (IMAGAAAJ)
Keywords
Where Capstone Energy+ is headquartered
LocationHeadquarters
- HQ city
- Van Nuys
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Capstone Energy+ business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Microturbine Product Sales: Direct sales of microturbine energy systems including 30kW, 65kW, 200kW platforms and scalable multi-megawatt solutions (C200, C600S, C800S, C1000S) for on-site power generation.
- Energy as a Service (EaaS): Flexible consumption models including power purchase agreements (PPAs), energy service agreements (ESAs), leasing, and rental solutions that reduce upfront costs and provide life-cycle cost predictability for customers.
- Rental Solutions: Short to long-term rental power solutions ranging from 6 months to 10 years, with modular deployments from 65kW to multi-megawatt configurations. Rentals include complete service coverage through global factory-authorized service providers.
- Service Agreements & Aftermarket: Long-term service agreements and Factory Protection Plan (FPP) covering planned and unplanned maintenance, parts and labor for the life of the contract. Global network of factory-authorized distributors provides aftermarket support.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Multi-year contract | Flexible Energy as a Service (EaaS) financing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Capstone Energy+ product offering
Product offeringCore offering
Capstone Energy+ designs, manufactures, and services low-emission, oil-free microturbine-based distributed energy systems ranging from 30 kW to multi-megawatt (10 MW+) configurations, sold as on-site power, combined heat and power (CHP/CCHP), and Energy as a Service (EaaS) solutions to mission-critical enterprise customers worldwide. Core product platforms include the C30, C65, C200, C600S, C800S, and C1000S microturbines, complemented by rentals, mobile EV charging units, and microgrid configurations.
Product overview
Capstone Energy+ offers a comprehensive portfolio of distributed energy solutions centered on its proprietary microturbine technology platform. The core offering consists of scalable microturbine systems built on 30kW, 65kW, and 200kW platforms, configurable up to multi-megawatt installations (C600S, C800S, C1000S). The portfolio extends beyond power generation to include thermal energy capture (Combined Heat and Power/CHP), Energy as a Service (EaaS) with PPAs/ESAs/leases/rentals, mobile EV charging solutions, and microgrid controls. Supporting technologies include the Capstone Logic Controller (CLC) for MultiPac master control, Capstone Remote Monitoring System (CRMS) for system monitoring, patented air bearing technology, and recuperator technology for efficiency optimization. Hydrogen-capable variants (10% blend commercially available, 30% in development) support the transition to renewable fuels. The company operates on a global scale with over 10,600 units shipped across 88 countries through its distributor network.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 95% total efficiency in CCHP mode (Costa Group facility)
- +7 more outcomes
Companies that use Capstone Energy+
Customer profileNamed customers10 records
Segments9 records
Ideal customer profiles4 records
Capstone Energy+ technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature5 records
Capstone Energy+ partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core, regional, flagship, strategic and minor.
- Horizon Power SystemscoreOver 20-year partnership; one of Capstone's first distributors serving the US market with on-site power solutions for oil & gas, industrial, and commercial applications.
- E-Finity Distributed GenerationcoreFounded 1990; exclusive distributor for mid-Atlantic states. Featured case study at Logan Philadelphia Hotel with three C65 microturbines achieving 99.8% uptime over 85,000+ hours.
- Lone Star Power SolutionscoreFounded 2018; shared goal with Capstone to provide distributed generation solutions in Texas and surrounding regions with focus on reliability and emissions reduction.
- ServelectregionalEngineering and energy service company (ESCO) from Cluj-Napoca, Romania, established 2005, providing Capstone microturbine solutions in Eastern Europe.
- Supernova Energy Servicesregional30-year-old company based in Medellín and Bogotá, Colombia, originally oriented toward energy conservation, now serving as Capstone distributor in Latin America.
- RSP SystemsregionalHelps customers with significant electrical and thermal energy needs for facilities; provides Capstone microturbine solutions for reliable, secure power systems.
- DTC EcoenergiaregionalCooperative approach to customer projects in Latin America; friends and partners to clients for tackling energy projects with supportive relationships.
- Synergy AstanaregionalFounded 2009 in Kazakhstan; moved toward green energy development including biogas and distributed generation solutions using Capstone technology.
- Cenit Ltda.regionalCreated 2012 as part of Monelco SRL and Canadian Energy Enterprise SRL corporate group; serves Latin American markets with Capstone microturbine solutions.
- Ingeniería y Soluciones en Proyectos Globales S.A. (ISPG)regionalSpin-off of engineering company specialized in piping systems for off/onshore applications; serves as Capstone distributor with focus on industrial energy solutions.
- UK Remanufacturing HubregionalUK-based aftermarket support hub established 2009; provides remanufacturing and service support for Capstone products across Europe, Middle East, and Africa (EMEA) region.
- U.S. Department of Energy - Argonne National LaboratoryflagshipPartnership to develop and validate hydrogen combustion technology for microturbines. Determined that Capstone systems can perform on 30% hydrogen blended with natural gas without costly hardware modifications; also testing 100% hydrogen capability.
- University of California, Irvine (UCI)flagshipResearch partnership with DOE Argonne National Laboratory to validate hydrogen capability of Capstone microturbines. Contributing to digital twin development for C65 combustion system optimization.
- Watt AI, Inc. (WattAI)strategicCollaboration showcasing intelligent control systems redefining microgrid efficiency at Capstone's Van Nuys headquarters. Demonstrates advanced at-the-meter optimization capabilities.
- CoForceminorMarketing consultant engaged for corporate videos and rebranding rollout strategies for the Capstone Green Energy to Capstone Energy+ transformation.
- Andretti AutosportminorIndyCar racing partnership providing high-visibility brand exposure through car livery. Used as platform for #ShiftToGreen marketing campaign and brand awareness.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Capstone Energy+ competitors and assessment
Company assessmentDirect peers
- Bladon Micro Turbines: Bladon develops small-scale microturbines for telecom towers, off-grid power, and military applications. Direct peer to Capstone's microturbine technology at the lower end of the power range, focused on distributed and off-grid deployment scenarios.
- MTT (Micro Turbine Technology): MTT is a European microturbine manufacturer offering sub-30kW units targeting residential and small commercial CHP. Closest direct competitor to Capstone's microturbine platform, though with a smaller power range and a more residential/light-commercial focus.
Emerging players
- Ballard Power Systems: Ballard develops hydrogen fuel cells for stationary power, heavy-duty mobility, and backup applications. Adjacent competitor to Capstone's hydrogen-blend microturbines in the emerging clean-fuel distributed-generation market, particularly for off-grid and critical-power customers.
- Bloom Energy: Bloom Energy deploys solid-oxide fuel cell systems for behind-the-meter power at data centers, healthcare, and industrial sites. Competes with Capstone on the same customer set with a different (zero-combustion) technology profile, particularly relevant in hydrogen and renewable-power contexts.
Broad incumbents
- Cummins Power Generation: Cummins offers gas and diesel generator sets, transfer switches, and CHP systems for commercial, industrial, and data center backup power. Competes with Capstone in critical-power and CHP applications and benefits from significantly deeper service infrastructure and balance sheet.
- Solar Turbines (Caterpillar): Solar Turbines, a Caterpillar subsidiary, manufactures industrial gas turbines from 1–22 MW for oil & gas, CHP, and distributed generation. Comparable to Capstone on behind-the-meter gas-fired generation for oil & gas and industrial customers, but at a much larger scale and broader power range.
- Generac Power Systems: Generac is a leading manufacturer of power generation equipment, with growing exposure to industrial-scale natural gas generators and microgrid solutions. Competes with Capstone in behind-the-meter and microgrid applications, particularly for commercial and industrial customers.
- Wärtsilä Energy: Wärtsilä provides large gas engines, energy storage, and integrated power plant solutions for utilities and industrial customers. Comparable to Capstone on flexible gas-fueled generation and balancing renewable-heavy grids, though at substantially larger utility-scale scope.
- INNIO Jenbacher: INNIO's Jenbacher brand produces gas-fired reciprocating engines for CHP, biogas, and distributed power at commercial and industrial scales. Direct competitor in CHP/cogeneration for data centers, hospitals, and industrial users that Capstone also targets, with a broader portfolio and larger installed base.
- Rolls-Royce Power Systems (MTU): MTU/Rolls-Royce Power Systems supplies gas and diesel gensets, CHP systems, and microgrid solutions for data centers, healthcare, and industrial customers. Direct overlap with Capstone in mission-critical power and CHP, leveraging a much larger global service footprint.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Capstone Energy+ social profiles
Digital presenceCapstone Energy+ financial estimates
Financial estimateRevenue estimate
Valuation estimate
Capstone Energy+ leadership team
Management profileNumber of profiles
Profiles1 record
Capstone Energy+ funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Capstone Energy+ M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Capstone Energy+
What does Capstone Energy+ do?
Capstone Energy+ designs, manufactures, and services low-emission, oil-free microturbine-based distributed energy systems ranging from 30 kW to multi-megawatt (10 MW+) configurations, sold as on-site power, combined heat and power (CHP/CCHP), and Energy as a Service (EaaS) solutions to mission-critical enterprise customers worldwide. Core product platforms include the C30, C65, C200, C600S, C800S, and C1000S microturbines, complemented by rentals, mobile EV charging units, and microgrid configurations.
Is Capstone Energy+ a public or private company?
Capstone Energy+ is a public company. It is classified as public and is currently operating.
When was Capstone Energy+ founded?
Capstone Energy+ was founded in 1988. It employs 101 to 250 people.
Where is Capstone Energy+ based?
Capstone Energy+ is headquartered in Van Nuys, United States, in the North America region.
How does Capstone Energy+ make money?
Four revenue lines are on record. Microturbine Product Sales are the primary driver. The others are energy as a Service (EaaS), rental Solutions and service Agreements & Aftermarket.
Who are Capstone Energy+'s main competitors?
Direct peers on record are Bladon Micro Turbines and MTT (Micro Turbine Technology). Emerging players are Ballard Power Systems and Bloom Energy. Broad incumbents are Cummins Power Generation, Solar Turbines (Caterpillar), Generac Power Systems, Wärtsilä Energy, INNIO Jenbacher and Rolls-Royce Power Systems (MTU).
Does Capstone Energy+ have an API?
No public API is recorded for Capstone Energy+.
What industry is Capstone Energy+ in?
Capstone Energy+'s product category is Distributed Power Generation. Its primary akta.pro industry code is IMAHAFAH, Microturbines, Fuel Cells & Distributed Generation Prime Movers, with a secondary code of EUACALAI, Dispatchable Distributed Generation (Gas Reciprocating Engines, Microturbines). Its NAICS code is 333611 and its SIC code is 3510.