Capstone to Power Landfill in France With Low Emission Microturbine Solution
November 27 2018 - 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 a
800 kW order to power a landfill in Northern France. The order for
the lightweight and compact 4-bay Signature series package was
secured by Biogaz Services, Capstone’s distributor for renewable
energy in France.
Deployed in Capstone’s pre-engineered, integrated, combined heat
and power (ICHP) configuration, the microturbines will be equipped
with Capstone roof mounted heat exchangers and will utilize the
biogas at the landfill to produce electricity and thermal energy
for the facility. Specifically, the microturbines will power the
on-site evaporator, which is used to vaporize the leachates that
collect in the ground at the landfill.
“This is an important order for Capstone as Europe and Russia
have recently become growth markets for us as we push towards our
goal of double-digit year-over-year revenue growth,” said Darren
Jamison, President and Chief Executive Officer of Capstone Turbine.
“During the first six months of our 2019 fiscal year, revenue in
the European and Russian markets was up 31% over the same period
last year,” added Mr. Jamison.
Currently, many landfills worldwide flare the gas that is
produced by the decomposition of waste, which is a major source of
environmental pollution. According to the U.S. Environmental
Protection Agency (EPA), “municipal solid waste (MSW) landfills are
the third-largest source of human-related methane emissions in the
United States, accounting for approximately 14.1 percent of these
emissions in 2016. At the same time, methane emissions from
landfills represent a lost opportunity to capture and use a
significant energy resource.”
The microturbines were selected for their fuel tolerance, low
operating costs, and their low emissions. The microturbines have
the ability to use the landfill gas, whose composition can vary
greatly, and produce clean and green electricity and thermal
energy. France has strict ecological regulations, which the
microturbines are able to easily meet, helping to reduce the
landfill’s impact on the environment.
“Capstone microturbines were the logical choice as our
technology is flexible with the ability to turn units off to match
variations in the methane that is produced,” said Jim Crouse,
Executive Vice President of Sales and Marketing of Capstone
Turbine. “This built-in flexibility also provides higher efficiency
as compared to a single, large, traditional power generation
solution,” 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 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
Capstone Turbine (NASDAQ:CPST)
Historical Stock Chart
From Mar 2024 to Apr 2024
Capstone Turbine (NASDAQ:CPST)
Historical Stock Chart
From Apr 2023 to Apr 2024