Capstone Expands Presence in European Renewable Energy Market with Biogas-fueled Microturbines
May 20 2015 - 7:30AM
Capstone Turbine Corporation (www.capstoneturbine.com)
(Nasdaq:CPST), the world's leading clean technology manufacturer of
microturbine energy systems, announced today that it received an
order for a C1000 microturbine to upgrade an established solid
waste treatment center in Tampere, Finland.
Sarlin Oy Ab, Capstone's distributor for Finland, Latvia,
Estonia, and Lithuania, secured the order, which is expected to be
commissioned in early 2016. The turn-key project serves as the
second major order for Sarlin Oy Ab within the last month.
Fueled by landfill biogas collected from two stations on-site,
the C1000 microturbine will be installed in a combined heat and
power (CHP) application along with a 1400kW exhaust heat exchanger,
booster, and automation and gas treatment systems. The innovative
"green waste" energy system will convert organic solid waste into
clean, renewable energy for the waste treatment facility. In
addition, the exhaust from the microturbine will be captured to
provide thermal heat at the highest efficiency possible.
Capstone microturbines were chosen for their extremely low
emissions, low maintenance, modular design, and ease of use.
Without any need for oil, lubricants, or coolants, the cogeneration
system will align with the company's environmental policy for waste
prevention by improving waste recovery and recycling it to produce
reliable on-site power.
According to the 2013 renewable energy progress report by the
European Commission of Energy, Finland is on target to meet its
renewable energy source (RES) target of 38 percent by 2020, which
is in compliance with the EU Renewable Energy Directive.
"Finland is on target to meet its renewable energy source (RES)
target of 38 percent by 2020," said Jim Crouse, Executive Vice
President of Sales and Marketing at Capstone Turbine. "The progress
being made in the global renewable energy market is indicative of a
shift to renewable power production, and we are proud to be at the
forefront of this movement," added 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 and progress in the global
renewable energy market. Capstone Turbine has shipped approximately
8,000 Capstone Microturbine systems to customers worldwide. These
award-winning systems have logged millions of documented runtime
operating hours. Capstone Turbine 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 UL-Certified ISO 9001:2008 and ISO
14001:2004 certified company, Capstone is headquartered in the Los
Angeles area with sales and/or service centers in the New York
Metro Area, United Kingdom, Mexico City, Shanghai and
Singapore.
The Capstone Turbine Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as
that term is used in the federal securities laws, about the
advantages of our products. Forward-looking statements may be
identified by words such as "expects," "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 Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com
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