Capstone Receives 3 Megawatt Order From Newly Appointed Hawaiian Distributor
April 02 2015 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com)
(Nasdaq:CPST), the world's leading clean technology manufacturer of
microturbine energy systems, announced today that it received an
order for three C1000 microturbines to upgrade luxury resorts on
the island of Maui, Hawaii.
Critchfield Pacific Inc., Capstone's new Hawaiian distributor,
secured the order, which is expected to be commissioned in February
2016.
The propane-fueled C1000 microturbines will be installed at
three different locations on Maui. Two C1000s will replace the
existing diesel-engine generator combined cooling, heat and power
(CCHP) systems at two existing sites, and both C1000s will operate
in CCHP applications. A third C1000 will be installed at a new site
and operate in a combined heat and power (CHP) application.
The high cost of electricity makes Maui an ideal spot for
cogeneration and trigeneration. The clean waste heat from the
exhaust of each microturbine will be captured by heat recovery
modules to heat domestic water, swimming pools and spas. In
addition, absorption chillers will be used in the CCHP systems to
provide air conditioning. Once commissioned, the microturbines will
reduce the operating costs of each resort by lowering their overall
energy usage and reducing their demand during peak hours.
Capstone microturbines were the clear choice in terms of cost
and reliability. However, due to their remote locations, the resort
destinations needed a power generation solution that requires less
maintenance and produces fewer emissions than other proposed
solutions. The microturbines will provide the customer a higher
level of energy independence while also helping to protect the
region's environment.
"With the highest cost for electricity in any state, and the
smallest electrical grid, Hawaii is prime for distributed power and
cogeneration; we've just needed a robust and low maintenance
solution," said Jim Grimm, Vice President of Engineering at
Critchfield Pacific Inc. "We believe the Capstone microturbines
provide that solution. Now that the C1000 installed almost a year
ago has a positive operational track record on Kauai, we believe
the follow-on adoption of Capstone microturbines will grow in the
hospitality sector, and so will the number of installations in
Hawaii," added Grimm.
"With more than 1,100 properties with this one resort operator
alone we see significant growth opportunities in this sector
worldwide," said Jim Crouse, Executive Vice President of Sales and
Marketing at Capstone Turbine. "In addition to saving our customers
in energy expenses, our mission is to provide products that have
little to no environmental impact, especially in places like the
Hawaiian Islands," added Crouse.
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 8,000 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, United Kingdom, Mexico City, 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 growth of
the hospitality sector and increased sales in Hawaii.
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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