Capstone Green Energy (CGRN) Investor presentation summary

Market opportunity and industry trends

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

• Grid reliability is under pressure due to retiring baseload plants, extreme weather, and surging power needs from AI and data centers.

• Data center power demand expected to reach 123 GW by 2035, nearly 30 times current levels.

• Total addressable market for key applications (data centers, microgrids, ports, station power) exceeds $265 billion.

Technology and product highlights

• Over 30 years of proven microturbine technology with 10,600+ units deployed globally.

• Microturbine systems offer high reliability, low emissions (<9 PPM NOx), and fuel flexibility (NG, biogas, H₂-ready).

• Modular, scalable platforms enable fast deployment and support mission-critical applications from 65 kW to multi-MW.

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

• Roadmap includes transition to 800 VDC/1500 VDC architectures and next-gen high-density GPU rack support.

Financial performance and momentum

• Q3 FY26 revenue reached $26.8M, up 33% year-over-year, with seven consecutive quarters of positive adjusted EBITDA.

• Gross margin improved to 39% in Q3 FY26 from 25% in Q3 FY25.

• Net income for Q3 FY26 was $1.2M, compared to a $2.7M loss in Q3 FY25.

• Cash and equivalents increased to $15.2M as of December 31, 2025.

• Improved product mix, cost reductions, and service growth are driving profitability.