Capstone Expands Presence in South Pacific with 2MW Order
June 05 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 has secured an
order for two C1000 Signature Series microturbines to enhance an
existing diesel generator power plant for a commercial customer in
Fiji.
Capstone’s South Pacific distributor, Optimal South Pacific Pty
Ltd, secured the order, which is expected to be commissioned in
early 2018. Capstone microturbines were selected for their flexible
inverter based generation, high reliability and their ability to
provide cost-effective power in a remote island environment.
“Pacific island states face unique challenges in expanding
access to electricity, given that their populations are spread
across tens of thousands of islands,” said Darren Jamison,
Capstone’s President and Chief Executive Officer. “Capstone
propane-fueled microturbines are scalable and allow for rapid
deployment in these challenging geographies. Continuing reduction
in the world price for propane means we are now able to offer
cleaner, propane based power at a lower cost than diesel,” added
Mr. Jamison.
The propane-fueled C1000S microturbines will be installed in a
combined heat and power (CHP) application and operate in
conjunction with the existing diesel generators, which allows the
customer to begin transitioning to clean burning propane. The clean
exhaust heat from the microturbines will be used in an absorption
chiller for industrial chilled water production.
“Capstone’s modular microturbine technology offers substantial
operational benefits over conventional gas engines. With propane
now emerging as the first choice fuel, we are seeing substantial
growth in our South Pacific and Caribbean markets,” said Jim
Crouse, Capstone’s Executive Vice President of Sales and Marketing.
“Capstone microturbines are ideally suited for hot water and
chilled water CHP applications which are the majority of the
opportunities we see in these markets,” 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 and accessories
offerings; growth in new geographic markets; and growth in
alternate fuel sources such as propane. 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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