Capstone Energy+ (CEPL) Investor presentation summary

Market opportunity and industry context

• Distributed energy generation market projected to reach $1.4 trillion by 2033, driven by rising power demand, grid constraints, and clean tech manufacturing growth.

• Data centers, AI, and digital infrastructure are rapidly increasing electricity demand, straining existing grids.

• Capstone targets large addressable markets, including data centers ($90B TAM), microgrids ($140B TAM in CA), ports, and station power.

Technology and product innovation

• Microturbine-based systems offer reliability, flexibility, and efficiency, with proprietary air bearing and combustion technology.

• Fluid-free, fuel-flexible (H2/RNG/biogas ready), and best-in-class emissions (<9 PPM NOx) support sustainability and regulatory compliance.

• Product portfolio ranges from 65 kW to 1,250 kW, scalable for diverse applications including mission-critical power and waste heat recovery.

• Integrated solutions for data centers include microturbines, absorption chillers, dry coolers, battery storage, and advanced microgrid controls.

Financial performance and growth

• FY26 revenue grew to $106M from $85.6M in FY25, with gross margin improving to 32% from 27.2%.

• Adjusted EBITDA for FY26 was $2.8M, down from $7.9M in FY25, while net loss increased to $(7.2)M from $(0.1)M.

• Q4 FY26 gross margin rose to 30.1% from 27.8% in Q4 FY25, despite a decline in total revenue.

• Cash and cash equivalents increased to $28.9M at March 31, 2026, up from $8.7M a year earlier.