Capstone Receives Multiple Orders for Additional Industrial CHP Projects in Mexico
March 25 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
orders for two additional C200 systems and two C65 systems that
will be installed in two industrial combined heat and power (CHP)
applications in Mexico. These two new orders are on the heels of
four C200 CHP systems sold this past January for multiple
industrial manufacturing customers.
Secured by DTC Soluciones Inmobiliarias SA de CV, Capstone’s
exclusive distributor in Mexico, the combined orders are for two
C200 systems and two C65 CHP systems. Each of these systems will
use clean-burning natural gas to provide power and thermal energy
for the manufacturing process. Capstone CHP systems offer
additional environmental benefits when compared with purchased
electricity and thermal energy produced on site. By capturing and
utilizing heat that would otherwise be wasted from the production
of electricity, on-site CHP systems require less fuel to produce
the same amount of energy and reduce reliance on more expensive
local grid power.
The C200 systems will be installed at an energy drink
manufacturer where the thermal energy will be used to create steam
for the manufacturing process, and the two C65s will be installed
at a produce packager where the exhaust will be used to create
chilled water used in the vegetable packaging process. Both
applications will reduce cost, improve efficiency and lower
emissions.
“DTC has made a significant investment of both time and money in
order to be one of the CHP market leaders in Mexico,” said Darren
Jamison, President and Chief Executive Officer at Capstone. “They
recently dedicated a new headquarters in Guadalajara to support
their growth throughout Mexico. The new facility includes a
state-of-the-art remote monitoring facility that allows DTC’s
technical staff to oversee that their customers’ Capstone
microturbine systems are operating at peak performance,” added Mr.
Jamison.
Signed in 2012, Mexico’s General Climate Change law set the goal
to reduce greenhouse gas emissions on a national level by 30% by
2020. This law also introduced the requirement that beginning in
2018, large and industrial electricity consumers must transition by
2024 to consuming 35% of their electricity from clean energy
sources.
Utilizing the heat by-product of an electricity generating
system, like a Capstone microturbine, allows operators to reduce
emissions and save added cost that would otherwise be required to
produce heat or steam in a separate unit. While traditional
electricity from the grid with coal and gas-fired plants produce
power at 33% efficiency, Capstone CHP systems can reach
efficiencies of more than 80%.
“These orders secured by DTC are just two great examples of how
the food industry can use Capstone CHP systems to reduce and
control future energy costs,” said Jim Crouse, Executive Vice
President of Sales and Marketing for Capstone. “Many manufacturing
operations have high energy content, therefore one of the best ways
a manufacturer can reduce their product cost is to reduce the
amount of energy it takes to manufacture their products. This
energy cost reduction drops straight to the bottom line and makes
them more competitive in a global economy,” added 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
A photo accompanying this announcement is available
at: http://www.globenewswire.com/NewsRoom/AttachmentNg/d7f3db76-c7dc-431c-b5ef-bc9098b2134c
The photo is also available at Newscom, www.newscom.com,
and via AP PhotoExpress.
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