Capstone Secures C1000S Order with Integrated Heat Recovery Modules for Leading New York Food Retailer
November 14 2016 - 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 C1000 Signature Series microturbine complete with five
integrated hot water heat recovery (HRM) modules.
“This order is exciting for several reasons. It is our second
new upgraded Signature Series C1000 to be sold into the critical
New York area market and is going into a leading food retailer
facility. Additionally, it is one of our first C1000s sold with our
new integrated HRM modules in the United States,” said Darren
Jamison, President and Chief Executive Officer at Capstone. “The
integrated HRMs not only save the customer money with increased
efficiency and lower installed costs, but they also add about 25%
additional revenue to the total value of the Capstone content of
the project,” added Mr. Jamison.
RSP Systems, Capstone’s distributor for greater New York area
and Connecticut, secured the order, which is scheduled to ship in
March and to be commissioned in late 2017. Capstone microturbines
were selected for their ultra low emissions and ability to reduce
the manufacturer’s operational costs while also providing reliable
backup power. In addition, the project qualified for a New York
State Energy Research and Development Authority (NYSERDA) incentive
grant that was awarded to this leading food retailer in the New
York area.
The natural gas-fueled microturbines will be installed in a
combined heat and power (CHP) configuration and operate in parallel
with the main electrical distribution system to power the facility.
The thermal energy generated will offset the usage of the gas-fired
boilers and be used to make hot water for the onsite cleaning
system. Additionally, the microturbine will provide approximately
700kW of backup power in the event of a utility outage.
According to the U.S. Energy Information Administration (EIA),
the New York Department of Public Service recently extended energy
savings targets under the state’s Energy Efficiency Resource
Standard (EERS) and allocated funds from its Clean Energy Fund.
These incentive funds are meant to encourage the purchase of more
efficient power generating equipment, which helps meet the goals of
the country’s Clean Power Plan.
“Capstone’s Signature Series microturbines with integrated HRMs
provide an industry leading CHP solution that is light weight,
quiet, compact and affords lower installation costs,” said Jim
Crouse, Capstone’s Executive Vice President of Sales and Marketing.
“RPS Systems continues to add to their impressive New York area
installed base of marque installations that already include several
Class A office buildings, mixed use buildings, industrial
applications, hospitals, universities, a sports center, zoo and now
a leading food retailer. RSP is successful by offering superior up
front sales and applications support combined with exceptional
aftermarket support. Capstone is very excited to see their
continued growth and have RSP as part of the Capstone family,”
added Mr. 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 has shipped
approximately 9,000 Capstone Microturbine systems to customers
worldwide. These award-winning systems have logged millions of
documented runtime operating hours. Capstone 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
9001:2015 and ISO 14001:2015 certified company, Capstone is
headquartered in the Los Angeles area with sales and/or
service centers in the United States, Latin America, Europe,
Middle East and China.
This press release contains "forward-looking statements," as
that term is used in the federal securities laws, about the
advantages of Capstone products and HRM modules in CHP applications
including low emissions, reduction of operational costs,
reliability, efficiency, revenue generation, and availability of
government grants. 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 inquiries:
818-407-3628
ir@capstoneturbine.com
INVESTORS:
Dian Griesel Int’l
Cheryl Schneider
212-825-3210
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