Company Announcements

Driven by €350,000 in Annual Energy Savings, Recla SPA Upgrades to Capstone’s C1000S for Lower Emissions and Continued Brand Confidence

LOS ANGELES--(BUSINESS WIRE)--Jul. 8, 2025-- Capstone Green Energy Holdings, Inc. (the "Company” or “Capstone”) (OTCID: CGEH) and Capstone Green Energy, LLC, announced that IBT Connecting Energies, Capstone’s distributor for Italy, has secured another order from Recla SPA, a world-renowned producer of gourmet meat products. Recla has been a long-time Capstone microturbine customer, having originally installed a C1000R microturbine in 2010, which has reliably provided clean and efficient on-site power for over 15 years. The new project will replace the legacy system with a Capstone C1000 Signature Series microturbine. This reinforces Recla’s continued commitment to clean energy savings utilizing Capstone’s oil-free air bearing and low-emissions combustion technology, all whilst delivering high-grade waste heat that is recycled into useful thermal energy for Recla’s operations.

The new Capstone C1000S will continue to provide on-site combined heat and power (CHP), delivering both electricity and saturated steam to the facility's daily process needs. By upgrading to the latest generation Signature series, Recla is not only improving system efficiency and reliability but also lowering its environmental impact in alignment with broader corporate sustainability goals.

“Recla SPA’s decision to modernize their on-site power system reinforces our vision to be the premier provider of distributed energy and microgrid solutions,” said Vince Canino, President and CEO of Capstone Green Energy. “It also supports our mission to be the first choice when energy matters. This order is a clear example of how we turn customers into long-term partners.”

Canino continued, “Recla SPA continues to recognize the value that Capstone’s technology and services bring to their operations. It’s a testament to the durability, efficiency, and user-friendly design of our systems, further supported by the strength and responsiveness of our global distributor network. Their decision to upgrade to the C1000S system is grounded in tangible business benefits, including more than €350,000 in annual energy savings, lower emissions, and consistently reliable performance. It reflects the trust they’ve placed in the Capstone brand over the past fifteen years.”

Before the original installation of the Capstone C1000R, the area lacked adequate energy infrastructure, where reliable electrical power was not readily available, often leading to disruptions in factory operations.

“Once the C1000R was installed, Recla no longer suffered from blackouts or power failures,” said Ilario Vigani, CEO of IBT Connecting Energies. “Beyond reliable performance, the system recovers over 90 percent of the primary energy source, delivering significant energy savings. The proven service and trusted partnership with IBT, and the backing of Capstone, played a key role in Recla’s decision to reinvest in Capstone’s latest generation technology.”

Industrial and food manufacturing facilities across Europe continue to place their trust in Capstone’s low-maintenance, low-emission microturbine systems. This latest project underscores the growing demand for distributed energy solutions that enhance operational resilience, lower environmental impact, and help companies meet increasingly stringent sustainability and regulatory standards.

About Capstone Green Energy

For nearly four decades, Capstone Green Energy has been a leader in clean technology, pioneering the use of microturbines to revolutionize how businesses manage their energy needs sustainably. In collaboration with our global network of dedicated distributors, we have shipped over 10,600 units to 88 countries, helping customers significantly reduce their carbon footprints through high-efficiency, on-site energy systems and microgrid solutions.

Our commitment to a cleaner, more resilient energy future remains steadfast. Today, we offer a comprehensive range of microturbine products, from 65kW systems to multi-megawatt solutions, tailored to meet the specific needs of commercial, industrial, and utility-scale customers. In addition to our core microturbine technology, Capstone’s growing portfolio includes flexible Energy-as-a-Service (EaaS) offerings, such as build-own & transfer models, PPA’s, lease to own and rental solutions, are designed to provide maximum value and energy security.

Capstone’s fast, turnkey power rental solutions are designed for customers with limited capital budgets or short-term energy needs. For more information, please contact us at rentals@CGRNenergy.com.

In our pursuit of cutting-edge energy solutions, Capstone has forged strategic partnerships to expand our impact and capabilities. Through these collaborations, we proudly offer advanced technologies that leverage renewable gas and heat recovery solutions—further enhancing the sustainability, efficiency, and reliability of our clients' operations. These integrated offerings reflect our commitment to building a cleaner, more responsible energy future.

For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter,LinkedIn,Instagram,Facebook,andYouTube.

Cautionary Notes

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the Company’s liquidity position and ability to access capital; the Company’s ability to continue as a going concern; the Company’s ability to successfully remediate the material weaknesses in internal control over financial reporting; the Company’s ability to realize the anticipated benefits of its financial restructuring; the Company’s ability to comply with the restrictions imposed by covenants contained in the exit financing and the new subsidiary limited liability company agreement; the uncertainty associated with the imposition of tariffs and trade barriers and changes in trade policies; employee attrition and the Company’s ability to retain senior management and other key personnel; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the impact of litigation and regulatory proceedings; inquiries from the SEC; the potential material adverse effect on the price of the Company’s common stock and stockholder lawsuits. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

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Capstone Green Energy
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Source: Capstone Green Energy Holdings, Inc.