Capstone Turbine to Power Industrial CHP/CCHP Energy Efficiency Projects in Mexico
January 27 2016 - 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 two C1000 microturbines for CHP/CCHP projects for two
industrial facilities in Mexico.
Darren Jamison, President and Chief Executive Officer of
Capstone Turbine, said, “Mexico has become our second largest
market behind the United States over the last year and continues to
provide strong growth opportunities, specifically in the industrial
CHP market vertical.”
“Improving our geographic diversification is a key strategic
initiative and our efforts are resulting in significant new
bookings from areas that include Mexico, Latin America, Eastern
Europe Australia and China. Concurrently, the CHP energy efficiency
market vertical continues to grow and is starting to offset the
downturn we have been experiencing in the oil and gas market
vertical,” added Mr. Jamison.
DTC Ecoenergía, Capstone’s distributor in Mexico, secured the
orders, which will be commissioned later this year. Capstone
microturbines were selected for the operational cost savings they
will bring the customer, which is expected to exceed 50
percent.
“The market environment for cogeneration makes it an ideal
solution for the Mexican industrial sector,” commented Alejandro
Muńoz, President of DTC Ecoenergía.
One microturbine will be installed in a combined heat and power
(CHP) application in an industrial facility. The second
microturbine will be installed in a combined cooling, heat and
power (CCHP) application to generate reliable electricity as well
as produce hot and chilled water at the industrial facility.
Additionally, the natural gas-fueled microturbines will help reduce
emissions at each facility, making them more environmentally
friendly.
As of 2014, independent generators, or Productores
Independientes de Energía, held about 12.9GW of generation capacity
in Mexico, consisting mostly of combined-cycle, natural gas-fired
turbines, according to the U.S. Energy Information Administration
(EIA).
“Privately owned generators are playing a much larger role in
Mexico’s electricity supply,” said Jim Crouse, Executive Vice
President of Sales and Marketing at Capstone Turbine. “Mexico’s
recent energy reform legislation has made Capstone’s innovative
technology an even more attractive solution as it allows these
organizations to produce their own energy at a fraction of the cost
from the utility,” 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 Turbine has shipped
over 8,600 Capstone Microturbine systems to customers worldwide.
These award-winning systems have logged millions of documented
runtime operating hours. Capstone Turbine 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 9001:2008 and ISO
14001:2004 certified company, Capstone is headquartered in the Los
Angeles area with sales and/or service centers in the New York
Metro Area, United Kingdom, Mexico City, Shanghai and
Singapore.
The Capstone Turbine Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as
that term is used in the federal securities laws, about the
advantages of our products, growth of the combined heat and power
and combined cooling, heat and power markets and growth of the
market in Mexico. 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
INVESTORS:
Dian Griesel Int’l
Cheryl Schneider/Tom Caden
212-825-3210
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