Capstone to Upgrade Upstate New York WWTP providing an Energy Solution from Biogas
May 11 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 C600 Signature Series microturbine to become part of an
extensive upgrade for a wastewater treatment plant in upstate New
York.
Capstone’s distributor, GEM Energy, secured the order, which is
expected to be commissioned in the Spring of 2018. Capstone
microturbines were selected for their low emissions and modular
design, which is ideal for biogas applications. The customer
received a New York State Energy Research & Development
Authority (NYSERDA) incentive for implementing an onsite
electricity solution from biogas.
The C600 Signature Series microturbine will be installed in a
combined heat and power (CHP) configuration at the wastewater
treatment facility and be fueled by biogas from the local municipal
sewer system.
“Our recently launched Signature Series product is targeted
directly at CHP, and this New York wastewater treatment plant
project is significant as it furthers our strategic efforts to
better diversify our market verticals, as energy efficiency is a
big growth market for us both in the U.S. and globally,” said
Darren Jamison, Capstone’s President and Chief Executive
Officer.
The microturbine CHP plant will incorporate new digesters,
advanced gas treatment and heat exchangers for heating the
digesters. The site also has the potential for further expansion to
larger microturbine solutions in the future.
“We are excited to see further market penetration in the
renewable energy space,” said Jim Crouse, Capstone’s Executive Vice
President of Sales and Marketing. “Wastewater treatment plants are
realizing they can leverage the biogas they produce to reduce their
operating costs and increase on-site reliability,” 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 our Signature Series product offerings,
diversification of market verticals, and further growth into the
energy efficiency and renewable markets. 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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