Capstone to Upgrade Melbourne Office Tower With Efficient Trigeneration Solution
April 22 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 a C600 microturbine to upgrade an office tower in
downtown Melbourne, Australia.
Optimal Group, Capstone's Australian distributor, secured the
order, which is expected to be commissioned later this year. This
continues the combined heat and power (CHP) momentum in Australia
and comes on the heels of a January order for a C600 microturbine
and a C800 microturbine to upgrade a major building in the Sydney
Central Business District (CBD).
The natural-gas-fueled C600 microturbine will be installed in a
combined cooling, heat and power (CCHP) application to provide
on-site primary power, hot water recovery and cooling to the
Melbourne office tower every day of the year. The trigeneration
project will ensure the office tower is highly efficient while also
providing the building owner a significant economic benefit.
According to the Australia Department of the Environment
National Energy Savings Initiative, energy efficiency is generally
a low-cost source of abatement, which may reduce the cost of
achieving Australia's carbon reduction targets.
The environment-friendly system was designed to provide base
load power with energy efficiency levels nearing 80 percent.
Capstone microturbines empower businesses to achieve energy
independence by reducing or eliminating their dependency on the
utility.
"We are seeing an increasing number of businesses in Australia
exploring environmental best practices and thus adopting CHP or
CCHP technologies," said Jim Crouse, Executive Vice President of
Sales and Marketing at Capstone Turbine. "Capstone microturbines
not only help customers reduce their carbon footprint, but they
also help them to reach their economic and sustainability goals as
well," 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 the
advantages of our products. 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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