Capstone Continues to Expand CHP Business with Order for Newly Constructed Educational Campus in Arizona
September 17 2018 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:
CPST), the world’s leading clean technology manufacturer of
microturbine energy systems, announced today it continues to expand
into the combined heat and power (CHP) market with a project to
provide thermal and electrical power at a private high school in
Arizona. The order, secured by new distribution partner, Lone Star
Power Solutions, is expected to be commissioned in early November
2018.
School officials sought a scalable CHP solution that could be
easily expanded in the future to accommodate the growing energy
needs of the expanding campus. A four-bay C800S enclosure, with one
C200 microturbine installed initially, provides a long-term
scalable solution. Every Capstone microturbine is modular and can
be expanded to accommodate an increase in site loads. Once
additional microturbines are added, this will allow the facility to
operate part of the system when powering a partial load or when
being serviced. The system will also utilize Capstone’s factory
engineered Heat Recovery Module (HRM).
The natural gas-fueled microturbine will be installed in a CHP
application in one of Arizona’s rapidly expanding cities. The
configuration will operate in parallel with the grid to provide
base load power for the over 100,000-square-foot building. With
overall system efficiency of up to 80%, the microturbine is
expected to lower operating costs while significantly decreasing
the high school’s carbon footprint.
“It is great to see our distribution partner’s creativity in
capitalizing on the flexibility of our C1000 Signature Series
product,” said Jim Crouse, Capstone’s Executive Vice President of
Sales and Marketing. “We continue to see expanding growth
opportunities in the North American CHP market as customers are
finding great value in our compact, quiet and reliable
microturbines,” added Mr. Crouse.
A recent ICF study estimated that during 2008 to 2013,
microturbines had approximately a 17% market share and that more
recently from 2013 to 2017, the microturbine market share increased
to a record 25% of installations larger than 100 kW and smaller
than 5 MW in the United States. The majority of the microturbine
market share improvement was the result of gains from traditional
reciprocating engine competitors that have historically dominated
the global CHP market.
“We continue to successfully diversify our market verticals by
concentrating on CHP and CCHP as energy efficiency is a growth
market for us globally,” said Darren Jamison, Capstone’s President
and Chief Executive Officer.
The C800 Signature Series configuration provides the same
ultra-low emissions and low maintenance benefits as other Capstone
products. The small modular design allows for easy and low-cost
installation to their clean exhaust.
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 DQS-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.
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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