Capstone Turbine announced the launch of Capstone Energy Finance, a joint venture to provide financing options for the purchase of Capstone microturbines.

“Capstone Energy Finance is a highly flexible vehicle that will help meet the demands of customers that want access to the Capstone cutting edge product but may not have the capital today to purchase the product outright,” said Darren Jamison, president and CEO of Capstone Turbine. “The new entity will initially be fully funded by strategic high net worth individuals with the potential for additional funding from more traditional equity sources and thus will have no impact on Capstone’s balance sheet.”

In a joint venture with Capstone Turbine, Capstone Energy Finance will provide customers with the ability to purchase electricity generated by a Capstone microturbine at their facility with no upfront capital investment.

“Capstone Energy Finance will help to address projects lost due to a lack of available funding,” said Jim Crouse, executive vice president of sales and marketing of Capstone Turbine. “Last fiscal year, we lost over 250 projects worth millions of dollars due to a lack of financing options. We aim to significantly lower this figure by making it easier to own a Capstone energy solution.”