Capstone Secures Order for Two C200 Systems from Global Biotech Company to Increase Operational Efficiency with CCHP Adoption...
April 03 2019 - 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 C200 systems to provide combined cooling, heat and
power (“CCHP”) for a global biotechnology company headquartered in
Western Germany.
E-Quad Power Systems GmbH, Capstone’s German distributor,
secured the order with an expected commissioning this fall.
Combined, the two grid-connect C200 systems will provide 400kW of
reliable power, powering 100% of the manufacturing facility. In
addition, the system will provide 570kW of hot water and chilled
water through a lithium bromide absorption chiller, further
increasing the value and allowing the system to achieve an overall
energy efficiency of 86% and reducing emissions by more than 33% in
CO2 alone.
“This global biotech company was faced with two choices, and at
the end of the day it came down to the economics. They could
continue what they were already doing – paying almost twice as much
as necessary for utility power and on-site thermal energy, or join
the distributed clean energy movement and adopt CCHP for greater
efficiency and lower emissions at half the cost,” said Darren
Jamison, President and Chief Executive Officer at Capstone. “The
distributed clean energy movement is seeing increased adoption
rates as companies come to the realization that it is both
economically and environmentally detrimental to continue to waste
natural resources the way we have been for years,” added Mr.
Jamison.
According to COGEN Europe, the European Association for the
Promotion of Cogeneration currently saves European countries around
200 million tons of CO2 per year. The goal is to have 20% of
electricity and 25% of heat provided through cogeneration by
2030.
“Germany is one of the largest energy markets in Europe.
Following a brief period of uncertainty in terms of CHP regulation
and incentives, Germany is now increasing its adoption,” said Jim
Crouse, Capstone’s Executive Vice President of Sales and Marketing.
“The country’s focus on cleaner and more efficient energy sources
are evident through the number of regulations and incentives
available to customers,” concluded Mr. Crouse.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:
CPST) is the world’s leading producer of highly efficient,
low-emission, resilient microturbine energy systems. Capstone
microturbines serve multiple vertical markets worldwide, including
natural resources, energy efficiency, renewable energy, critical
power supply, transportation and microgrids. Capstone offers a
comprehensive product lineup, providing scalable systems focusing
on 30 kWs to 10 MWs that operate on a variety of gaseous or liquid
fuels and are the ideal solution for today's distributed power
generation needs. To date, Capstone has shipped over 9,000 of these
systems into 73 countries logging millions of operating hours.
Capstone is committed to improving the efficiency of energy
needs around the world, while simultaneously reducing global
emissions of pollutants and greenhouse gases. Capstone’s systems
help end users improve their impact on the environment, while still
meeting power and reliability needs. During fiscal year 2019,
Capstone saved end-use customers an estimated $194 million in
annual energy costs and 314,000 tons of carbon.
Not only does Capstone enable customers to reduce CO2 and
emissions, Capstone applies the same principals to its own
environmental footprint and focuses internally on its environmental
risks, energy consumption, waste disposal and carbon footprint.
Capstone also strives to foster a corporate culture emphasizing its
relationship with employees, customers and suppliers in order to
ensure that Capstone’s corporate values are aligned with those of
its employees, customers and suppliers.
For more information about the company, please visit
www.capstoneturbine.com. Follow Capstone Turbine on Twitter,
LinkedIn and YouTube.
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,”
“believes,” “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
Integra Investor RelationsShawn M.
Severson415-226-7747cpst@integra-ir.com
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