Capstone Energy+ Business Summary

Capstone Energy+ Inc. (NASDAQ: CEPL) operates as a behind-the-meter (BTM) energy solutions platform, specializing in the design and delivery of resilient, on-site power systems. The company generates revenue through three primary streams: the sale of its proprietary microturbine products (ranging from 30kW to 1,000kW), long-term service contracts under its Factory Protection Plan (FPP), and an Energy-as-a-Service (EaaS) rental model. Its business is segmented into Distributed Energy, AI/Data Center applications, and Renewable Energy, with a strategic focus on mission-critical sectors such as healthcare, hospitality, and oil and gas. Capstone competes directly with players like Bloom Energy, FuelCell Energy, and Stem, Inc. While its larger peers focus on fuel cell technology or AI-driven storage, Capstone distinguishes itself as a niche leader in fuel-flexible, low-maintenance microturbine solutions that prioritize "time to energy" and operational resiliency in grid-constrained environments. Originally founded in 1988, the company is currently led by President and CEO Vincent J. Canino, who joined in March 2024 following senior leadership roles at ESS Tech, Inc., Smardt Chiller Group, and Trane Commercial Systems. The executive leadership team also includes Interim CFO John P. Miller and Chief Accounting Officer Candice Graves. The board is chaired by Interim Chairman Robert F. Powelson, a former Federal Energy Regulatory Commission (FERC) member and current CEO of the National Association of Water Companies, alongside notable directors such as Robert F. Beard, the former CEO of UGI Utilities. Capstone is significantly backed by Monarch Alternative Capital LP, which led a transformative $112.5 million strategic investment in early 2026 to simplify the company's capital structure and accelerate its expansion into high-growth data center and renewable biogas markets.