Capstone to Power Commercial Facility in the U.K. with Bundled Cogeneration Solution
March 12 2018 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com)
(Nasdaq:CPST), the world's leading clean technology manufacturer of
microturbine energy systems, announced today an order for a C200S
integrated combined heat and power (iCHP) microturbine for a
commercial facility in the United Kingdom. The order was placed
under Capstone’s new “Sell-to-Win” bundled solutions program and
includes a Capstone supplied integrated roof mounted heat recovery
module (HRM) and a prepaid 5-year factory protection plan (FPP).
Pure World Energy, Capstone’s distributor for the United Kingdom,
secured the order.
“This order is significant as it is one of the first under our
new bundled solutions program which is designed to improve customer
project economics and drive increased adoption rates,” said Darren
Jamison, President and Chief Executive Officer of Capstone. “The
new bundled solutions program is designed to drive an increase in
accessory sales and aftermarket service revenue. In addition, as
the program expands it will positively impact working capital and
quarterly cash flows,” added Mr. Jamison.
The commercial facility required an efficient and cost-effective
energy solution to provide onsite power. Rather than rely on the
expensive local utility, they selected a natural gas-fueled
Capstone microturbine deployed in a combined heat and power (CHP)
solution. The thermal energy from the exhaust of the microturbine
is captured and converted into space heating and hot water for the
building. In this configuration, the overall efficiency exceeds
80%, providing a more reliable and economical solution than the
local utility. The microturbines are also very quiet, minimizing
the noise impact to the surrounding neighborhood.
According to the International Energy Agency (IEA), the United
Kingdom has set a long-term carbon emissions reduction goal of 80%
by 2050. For example, participants in the CRC Energy Efficiency
Scheme will surrender emissions allowances on the basis of fuel
used, thereby favoring the use of high-efficiency technologies such
as CHP. Capstone microturbines provide the ideal solution towards
this goal, allowing businesses to take advantage of this policy
while simultaneously reducing operating expenses and helping the
environment.
“The adoption of highly efficient cogeneration solutions
continues to be a growing trend throughout the world,” said Jim
Crouse, Executive Vice President of Sales and Marketing of
Capstone. “Capstone is proud to have been pioneers in this trend
and expects to continue to be at the forefront of the proliferation
of distributed generation technologies,” concluded 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 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.
CONTACT: Capstone Turbine CorporationInvestor and investment
media inquiries:818-407-3628ir@capstoneturbine.com
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