Capstone Secures Order for C200S Integrated CHP System for Jamaican Luxury Resort Looking to Reduce Energy Costs and Carbon F...
January 14 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 a C200 Signature Series integrated cooling, heat and
power (ICHP) solution that is destined for an award-winning luxury
resort in Jamaica looking to reduce their carbon footprint as well
as their annual operating costs.
Secured by Innovative Energy Company Limited (IEC), Capstone’s
distributor in Jamaica, the order is scheduled to be commissioned
and provide prime power and hot water beginning in March 2019. The
C200 Signature Series ICHP microturbine solution includes a 300 kW
thermal integrated Capstone heat recovery module and will run as a
standalone system on liquefied petroleum gas (LPG). Focused on
reducing their carbon footprint, the luxury resort will utilize the
exhaust heat produced by the microturbine to provide hot water and
pool heating, all while expecting to reduce annual energy costs by
approximately 30%.
“Microturbines have the ability to help customers substantially
lower energy costs as we often see that electricity rates are three
to four times that of natural gas or LPG in many markets, this
simple math gives us a rather short simple payback while
simultaneously reducing carbon emissions,” said Darren Jamison,
President and Chief Executive Officer of Capstone. “This luxury
resort was one of many customers I visited back in August 2018,
with our distributor, IEC, who is in the process of developing
multiple projects for resorts, grocery stores, beverage
manufacturers and the local airport as power rates on the island
are increasing to 28-36 cents per kWh,” added Mr. Jamison.
Traditionally the hospitality industry accounts for some of the
largest consumption of electricity and water due to the sheer size
of their operations. According to U.S. Green Building Council,
hotels account for $4 billion in energy use to operate nearly 5
million guest rooms in the United States alone. With new interest
in eco-friendly and sustainable operations by customers in recent
years, hotels are starting to react by rebranding themselves and
promoting new conservation efforts that also prove positive for
their bottom line.
“Resorts are an excellent fit for CHP because of their combined
electrical and thermal energy needs. Capstone CHP systems provide a
significant improvement in efficiency for resort operators and
allow them to meet a shift in consumer preference towards
sustainable hospitality operations,” said Jim Crouse, Executive
Vice President of Sales and Marketing at Capstone Turbine. “Guests
are no longer simply looking for clean rooms and free Wi-Fi, hotels
now must provide eco-friendly accommodations and differentiate
themselves in ways they have not had to do in the past,” 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 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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