Award Winning Capstone CHP Installation Surpasses 700,000 Operating Hours
January 29 2018 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com)
(Nasdaq:CPST), the world's leading clean technology manufacturer of
microturbine energy systems, announced today that the installation
at Masonic Village in Elizabethtown, Pennsylvania has surpassed
700,000 operating hours.
Opened in 1910, Masonic Village is a 1,400-acre complex
consisting of a continuing-care retirement community, children’s
home, and community service organization. When the village needed
to update their old coal-burning plant with a more efficient and
reliable solution, they turned to Capstone microturbines. In 2002,
five natural gas-fueled Capstone C60 microturbines with third-party
heat recovery modules were installed in a combined heat and power
(CHP) configuration to provide the electrical and thermal solution
for the facility.
E-Finity Distributed Generation, Capstone’s exclusive
Mid-Atlantic and Southeastern distributor, took over the site in
2007. Utilizing the Capstone product developments at the time, they
upgraded the array from C60s to C65s, increasing the electrical
output by 25 kilowatts (kW) and boosting the thermal efficiency by
47%. Masonic Village expanded their microturbine array by adding a
sixth C65 with an integrated heat recovery module in 2011 to
accommodate their growing energy needs. E-Finity has been
overseeing and maintaining the Masonic Village installation since
2007 with the Capstone Factory Protection Plan (FPP).
The installation recently exceeded 700,000 total operating
hours, with one of the C65 microturbines surpassing 135,000 hours
alone. The microturbines have produced over 130,000-megawatt hours
(MWh) of electrical and thermal energy, which is capable of
powering 14,500 homes per year. The system has also helped Masonic
Village reduce their carbon footprint by over 3,000 tons,
generating carbon savings equivalent to eliminating 27 million
miles driven by an average passenger vehicle.
“The Masonic Village installation truly sets our microturbine
technology apart from other power generation technologies as I do
not see a similar sized internal combustion engine or fuel cell
having this type of reliability and longevity,” said Darren
Jamison, President and Chief Executive Officer of Capstone. “I
understand that end-use customers like to focus on project first
costs but what they really should focus on is overall system
reliability, efficiency, uptime and length of continuous duty
operation as that has much more impact on project economics and
environmental benefits, not to mention operational resiliency,”
added Mr. Jamison.
Masonic Village is the recipient of the 2007 EPA CHP Partner
Focus Award and is a final nominee for the 2018 EPA ENERGY STAR CHP
Award for its continued highly efficient performance and
significant ongoing environmental benefit.
“Capstone microturbines are long-term assets, designed to last
in excess of 20 years,” said Jeff Beiter, Managing Partner of
E-Finity Distributed Generation. “Having approximately 17 years of
continuous operation, Masonic Village is a testament to the
longevity and reliability of Capstone technology. It is
achievements such as this that clearly set Capstone microturbines
apart within their own industry as leading class technology,”
concluded Mr. Beiter.
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 over
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.
Forward-Looking Statements
This press release contains "forward-looking statements," as
that term is used in the federal securities laws. 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.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/61239d30-45e0-4065-b236-756a3e7cc9ab
CONTACT: Capstone Turbine CorporationInvestor
and investment media
inquiries:818-407-3628ir@capstoneturbine.com
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