Vergent Secures Sale of Microturbines to Black River Memorial Hospital to Advance Sustainability Goals with Help from ITC Tax Credit
LOS ANGELES–(BUSINESS WIRE)– Capstone Green Energy, LLC (“Capstone”), a subsidiary of Capstone Green Energy Holdings, Inc. (the “Company”), the public successor to Capstone Green Energy Corporation (Predecessor Capstone), is excited to announce the sale of four Capstone C65 microturbines for Black River Memorial Hospital (BRMH) in Wisconsin. By leveraging the federal Investment Tax Credit (ITC) program, which helps offset upfront costs, BRMH is taking a significant step toward enhanced energy efficiency and long-term sustainability.
Vergent Power Solutions, Capstone’s distributor in the Upper Midwest, New England, and Eastern Canada, collaborated with BRMH to develop this exciting clean energy project. Vergent Power Solutions secured the order in December of this year and expects the system to be commissioned by May 2025. The microturbines will provide 260kW of on-site power generation while capturing thermal energy for on-site hot water production, marking a milestone in the hospital’s efforts to reduce greenhouse gas emissions and improve operational efficiency by displacing higher emissions emitting hot water boilers.
The microturbines will be deployed in a combined heat and power (CHP) application featuring Capstone’s patented integrated heat recovery modules (HRMs), which will recover the microturbine’s exhaust heat, effectively converting it into hot water, thus offsetting 1.6 MMBTU/hr of thermal load that was provided by gas fired hot water boilers. By generating baseload electricity on-site at a higher efficiency than grid power, the system will significantly lower BRMH’s energy costs while supporting its commitment to reliability and sustainability. This innovative solution is expected to reduce the hospital’s greenhouse gas emissions by an estimated 550 metric tons annually, equivalent to removing approximately 120 cars from the road each year.
“With the combination of cutting-edge technology and federal incentives, this project reflects our hospital’s commitment to sustainability and operational excellence,” said Carl Selvick, President and CEO at Black River Memorial Hospital. “We are proud to lead by example in implementing energy solutions that benefit both our community and the environment.”
“The installation at Black River Memorial Hospital underscores the growing trend of healthcare facilities turning to clean technology to address the energy trilemma of resiliency, affordability, and sustainability. We are excited to play a part in their journey of lowering their carbon footprint with a financial return that makes sense,” said Vince Canino, President and CEO of the Company. “This project highlights the critical role that innovative energy solutions, supported by incentives like the Federal ITC, play in enabling organizations to enhance energy security, reduce emissions, and manage costs in an increasingly demanding energy landscape.”
A key factor in BRMH’s decision to adopt this technology was the availability of a 40% tax credit through the federal Energy Investment Tax Credit program. This incentive, available for qualifying projects placed in service or safe harbored by the end of 2024, significantly lowered the upfront investment costs, making the microturbine-based CHP system an attractive and practical solution for BRMH.
