Capstone Further Penetrates Pharmaceutical Market With 2MW Combined Heat and Power Application in Northern California
December 17 2013 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com)
(Nasdaq:CPST), the world's leading clean technology manufacturer of
microturbine energy systems, announced today it received an order
for two C1000 microturbines for use in a combined heat and power
application at a pharmaceutical facility in Northern California.
Regatta Solutions, Capstone Turbine Corporation's west coast
distributor, partnered with Energy Systems Development to satisfy
the electrical and thermal demands of the pharmaceutical facility
in Northern California. The Capstone C1000 microturbines operate in
dual mode, meaning they can run in parallel with or separate from
the electric utility grid. This ensures the facility has secure and
reliable power even during grid outages with no operational
downtime. Dual mode operation also provides the benefit of peak
shaving, which reduces utility costs during peak
hours. Additionally, the exhaust from the microturbines will
be captured to provide steam and hot water to the entire facility,
raising the overall efficiency of the combined heat and power
system to almost 90%.
"It was a pleasure working with the Energy Systems Development
team on this opportunity. This project is another example of
smart power application of Capstone's product offering in
delivering high energy availability and operationally efficient
energy solutions to manufacturers," said Steven Acevedo, President
and CEO of Regatta Solutions.
Energy Systems Development, an engineering, procurement,
construction and maintenance company based in Northern California,
has been developing the site, which is planned for commissioning in
March 2014, for three years. When the need for an energy
solution that could provide secure power separate from the grid and
reduce operational costs during peak hours arose, Capstone
microturbines were the clear choice. According to Stu Chang,
President and CEO of Energy Systems Development, "I think that our
engineering team, with help from a real world integrator like
Regatta Solutions, has created a blueprint for the future of
cogeneration. No longer do you have to make a choice between
stand alone or grid connect, you can have it all." Capstone
microturbines, in combination with Energy Systems Development's
cutting edge design of heat recovery units and rotary UPSs, create
a truly mission critical power plant that enhances facility
operations and cuts utility costs.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com)
(Nasdaq:CPST) is the world's leading producer of low-emission
microturbine systems and was the first to market commercially
viable microturbine energy products. Capstone Turbine has shipped
approximately 7,000 Capstone Microturbine systems to customers
worldwide. These award-winning systems have logged millions of
documented runtime operating hours. Capstone Turbine is a member of
the U.S. Environmental Protection Agency's Combined Heat and Power
Partnership, which is committed to improving the efficiency of the
nation's energy infrastructure and reducing emissions of pollutants
and greenhouse gases. A UL-Certified ISO 9001:2008 and ISO
14001:2004 certified company, Capstone is headquartered in the Los
Angeles area with sales and/or service centers in the New York
Metro Area, Mexico City, Nottingham, Shanghai and Singapore.
The Capstone Turbine Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as
that term is used in the federal securities laws, about the use of
our products in cogeneration applications. Forward-looking
statements may be identified by words such as "expects,"
"objective," "intend," "targeted," "plan" and similar phrases.
These forward-looking statements are subject to numerous
assumptions, risks and uncertainties described in Capstone's
filings with the Securities and Exchange Commission that may cause
Capstone's actual results to be materially different from any
future results expressed or implied in such statements. Capstone
cautions readers not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release. Capstone undertakes no obligation, and specifically
disclaims any obligation, to release any revisions to any
forward-looking statements to reflect events or circumstances after
the date of this release or to reflect the occurrence of
unanticipated events.
"Capstone" and "Capstone MicroTurbine" are registered trademarks
of Capstone Turbine Corporation. All other trademarks mentioned are
the property of their respective owners.
CONTACT: Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com
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