Capstone Secures 1.4 Megawatts of Microturbines in Follow-on Orders for Global Brewing Conglomerate’s Multiple Facilities a...
April 08 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 received four
orders totaling 1.4 megawatts (MW) that are destined for four
brewing facilities across Brazil.
Capstone’s distributor for Brazil, Luming Inteligência
Energética, secured the orders and will begin commissioning the
units this fall. The new orders follow on a 2018 commissioning of a
C200R and a second installation of a C65. Combined, the new orders
consist of two C200S, one C400S and one C600S microturbine. The
microturbines will produce power at four brewing facilities across
Brazil and will be used to improve the company’s sustainability
goals and to lower the cost per KW at the facilities by using the
biogas that is currently being flared at the facilities.
“As the saying goes, we do not inherit the Earth from our
ancestors; we borrow it from our children. From the board room to
the production floor, climate change, sustainability and
eliminating waste is becoming a significant topic of conversation,”
said Darren Jamison, President and Chief Executive Officer of
Capstone. “As more industrial producers seek innovative ways to
reduce their operational costs and improve sustainability,
microturbines are the obvious answer for anyone who likes saving
money and likes saving the planet. Capstone offers the unique
opportunity to do both,” added Mr. Jamison.
Breweries use an enormous amount of electrical and thermal
energy due to the complex and numerous steps in the production
process requiring rapid heating and cooling. From kiln-drying, the
roasting of malt or boiling of hops, to rapid cooling and
refrigeration, energy constitutes an outsized part of the
overall production cost. Capstone’s microturbines offer breweries
the ability to reduce operating costs and maintain high electrical
and thermal loads for heating and cooling that translates into
lower operating costs. In addition, replacing the use of fossil
fuels used in boilers and heating system with renewable biogas
generated from a waste product, breweries can significantly cut
operating expenditures, emissions and waste.
“Breweries like other food industries are increasingly adopting
the idea of combined heat and power (CHP) and using waste biogas
generated during the production process to provide clean and green
energy on-site energy,” said Jim Crouse, Executive Vice President
of Sales and Marketing at Capstone. “Capstone is enabling breweries
to turn a waste byproduct into a free fuel source to save on energy
costs and reduce carbon emissions,” 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
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