Capstone Continues to Expand U.S. Energy Efficiency Market with a Large Industrial Customer in Upstate New York
March 13 2017 - 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 to upgrade an
industrial customer in upstate New York.
Capstone’s distributor, GEM Energy, secured the
order, which is expected to be commissioned in July 2017. Capstone
microturbines were selected for their minimal overall maintenance
and modular design, which enables 800kW of the system to continue
operating while servicing one of the five bays. This ensures
business process continuity for the customer while simultaneously
reducing operational costs, helping maximize the ROI of the
investment.
The C1000S microturbine will be fueled by clean
burning natural gas and will provide continuous electrical power
year-round as well as high-temperature hot water using Capstone
integrated heat recovery modules. The 1MW combined heat and power
(CHP) system will operate in parallel with the utility grid and be
capable of providing power to a large portion of the critical
process loads during utility outages.
“This is a meaningful energy efficiency win for us,
and it’s great to see another Signature Series sold with our new
roof mounted heat recovery modules,” said Darren Jamison,
Capstone’s President and Chief Executive Officer. “By developing
our own Capstone integrated heat recovery modules, we are saving
the customer money, shortening the installation time, decreasing
the overall equipment footprint and adding approximately 20% more
Capstone content to the project,” added Mr. Jamison.
According to the U.S. Department of Energy, there
is estimated to be more than 240GW of technical potential across
all CHP categories within the United States. Today, CHP represents
approximately eight percent of U.S. electricity generation capacity
and over 12 percent of annual U.S. power generation.
“More industrial customers are turning to Capstone
for their CHP needs, not only for the clean, low maintenance
technology, but also for the stellar service our distributors
provide,” said Jim Crouse, Capstone’s Executive Vice President of
Sales and Marketing. “This customer, in particular, required an
extremely short lead time on equipment delivery and project
completion, which both Capstone and GEM Energy were able to meet,”
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 Asia.
This press release contains "forward-looking
statements," as that term is used in the federal securities laws,
about the improvements related to Capstone’s Signature Series
product offerings, advantages of our products and technology in CHP
applications, and further expansion into the CHP market.
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.
Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com
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