Capstone Expands CHP Presence in the United Kingdom with Order for 30 ICHP Microturbines
April 12 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 30 C65 ICHP microturbines for various integrated combined
heat and power (CHP) projects across the United Kingdom.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/3e1bbc18-5879-4af4-81cd-04fbe8351bfb
“Energy efficiency is a big growth market for in the UK and all
over Europe,” said Darren Jamison, Capstone’s President and Chief
Executive Officer. “We are honored that Pure World Energy has
chosen to expand its fleet by leveraging our Capstone product, and
our new and improved roof mounted exhaust heat recovery module,”
added Mr. Jamison.
Pure World Energy, Capstone’s UK partner, secured the order,
which is expected to be commissioned beginning July 2017. Pure
World Energy owns and operates Micro Power Stations across the UK
for which Capstone’s C65 microturbine is the core technology.
Capstone microturbines were selected for their high reliability,
low emissions and low cost of ownership.
“As Pure World Energy enters its next stage of growth, this
order reflects our ongoing commitment to Capstone technology,” said
Simon Wright, Pure World Energy’s Chief Executive Officer. “Energy
costs in the UK continue to rise, and facility operators are
reviewing their energy strategies to see where savings can be made.
Our investment in purchasing an additional 30 C65 ICHP
microturbines will enable us to fulfill the immediate demand we
have throughout 2017 and expand our existing Capstone fleet,” added
Mr. Wright.
The natural gas-fueled 65kW ICHP microturbines will be installed
at multiple leisure, healthcare and hospitality facilities
providing cogeneration benefits year round, which include reduced
operational expenses and lower environmental impact. All 30 units
will utilize Capstone’s new C65 heat recovery module (HRM), which
features a 6% efficiency improvement over the original HRM
technology.
“Capstone’s new and improved HRM technology will provide greater
overall system efficiency in the same footprint which translates to
improved project economics for customers,” said Jim Crouse,
Capstone’s Executive Vice President of Sales and Marketing. “This
new C65 HRM will allow us to capture even more accessory business
globally, especially in Europe,” 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
advantages of Capstone product offerings in the ICHP applications
and the growth and expansion into the energy efficiency markets in
the UK and across Europe. 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.
The photo is also available at Newscom, www.newscom.com, and via
AP PhotoExpress.
CONTACT:
Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com
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