Capstone Receives 1MW Order for District Heating Application in Northwest Italy
May 17 2016 - 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 Signature Series microturbine to upgrade a local
district heating facility in Northwest Italy.
IBT Group, Capstone’s Italian distributor, secured the order,
which is expected to be commissioned in November 2016.
The natural gas-fueled C1000S microturbine will be installed in
a combined heat and power (CHP) application to produce primary
power and superheated water at over 80 percent efficiency. The 1MW
microturbine will operate in dual mode, which allows customers to
operate independently of, or with, the grid in a load sharing
capacity.
The facility, which is located at an elevation of 2,000 meters,
is owned and operated by an energy service company (ESCO) based in
Genoa, Italy. Capstone microturbines were selected for their low
emissions, backup power capabilities as well as their ability to
operate efficiently at higher elevations.
According to the U.S. Energy Information Administration (EIA),
Italy’s economy has one of the highest CHP potentials among major
European economies leading up to 2030.
“As the European market strengthens, IBT Group continues to
secure high-profile orders from organizations looking to reduce
their emissions and energy costs,” said Jim Crouse, Executive Vice
President of Sales and Marketing at Capstone Turbine. “There is a
great deal of opportunity for Capstone in Italy, especially in the
energy efficiency space,” 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
approximately 8,800 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 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.
This press release contains "forward-looking statements," as
that term is used in the federal securities laws, about the
advantages of Capstone’s CHP applications and its potential market
growth in Italy. 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
INVESTORS:
Dian Griesel Int’l
Cheryl Schneider
212-825-3210
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