Capstone Products Selected for Energy Resilient Infrastructure Microgrid Project in Texas
November 29 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 continues to
expand its microgrid and CHP footprint with an order for nine C65
integrated, combined heat and power (ICHP) systems with Capstone
supplied onboard gas compression.
The order was received from Lone Star Power Solutions and will
include nine 65 kW microturbines, as well as Capstone roof mounted
exhaust heat recovery modules (HRM), and Capstone unit mounted gas
compression packages to increase the very low on-site fuel pressure
to the level required by the turbines.
The microturbines will be part of a large microgrid deployment
with each of the C65 ICHP packages being installed around a campus
at nine different locations. The units will be delivered this month
with commissioning expected in late 2019.
Microgrids can be connected to larger electricity grids;
however, in the event of a widespread outage, microgrids will
disconnect from the main grid and continue to operate independently
to maintain the electricity supply to the homes and businesses that
are connected to the microgrid’s electricity network. The same
incentives leading to an increased uptake of connected microgrids –
improved reliability, greater sustainability, and lower costs are
also driving the transformation of isolated microgrids, such as
island grids.
“Not only do Capstone microturbines provide energy availability
and resiliency, but because of their high total system efficiency
they also help reduce customers’ operating costs for years to come
as electric utility rates inevitably continue to rise to pay for
new utility infrastructure, repairs and system improvements,” said
Darren Jamison, Capstone’s President and Chief Executive
Officer.
The customer chose Capstone based on their prior experience with
the Capstone technology on several other microgrid and CHP
projects. Capstone ICHP packages are pre-engineered, and factory
tested to deliver simple, reliable, modular solutions that are easy
to install and expand or relocate to accommodate changes in
customer’s future energy needs.
“Hundreds of microgrids are in operation today, and they are
growing in number around the world. Capstone has been a part of
numerous successful new microgrid installations ranging from a
premier craft brewery in Northern California to an innovative
software company in downtown Minneapolis, to the largest wind
turbine manufacturer in China,” concluded Mr. Jamison.
“It is great to see another significant CHP project win for one
of our newest distribution partners as they expand their business
beyond the oil and gas market,” said Jim Crouse, Capstone’s
Executive Vice President of Sales and Marketing. “With today’s high
energy prices, we continue to see expanding opportunities in the
North American energy efficiency market and customers continue to
find value in our compact, quiet, reliable and low emission
systems,” 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: |
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Capstone Turbine
Corporation |
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Investor and investment
media inquiries: |
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818-407-3628 |
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ir@capstoneturbine.com |
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Integra Investor
Relations |
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Shawn M. Severson |
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415-226-7747 |
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cpst@integra-ir.com |
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