Capstone C600 Signature Series Microturbine to Power Chinese Smart Microgrid
August 08 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 C600 Signature Series microturbine for a microgrid
project in Beijing, China.
Capstone’s distributor, Beijing Haohai Power, secured the order,
which is expected to be commissioned in October 2016. The repeat
end-use customer chose Capstone again after successfully
commissioning a microturbine-based combined cooling, heat and power
(CCHP) plant at a separate facility. Capstone microturbines were
selected again based on their superior performance, their proven
inverter-based electrical output, and their ability to integrate
easily with other localized distributed generation technologies in
a smart grid capacity.
“The interest in microgrids worldwide is expanding,” said Darren
Jamison, President and Chief Executive Officer at Capstone.
“Reports differ somewhat but most estimates today put the overall
value of the market for microgrids and remote power systems in the
several billion dollar range with forecasts to rise nearly
twentyfold over the next decade,” added Mr. Jamison.
Capstone commissioned its first microgrid-based propane-fueled
C65 turbine in Texas for Oncor Electric Deliver Company back in
December 2014. That microgrid consisted of nine different
distributed generation resources, including two solar photovoltaic
(PV) arrays, two energy storage devices and four traditional
generators.
The new Chinese microgrid project will be anchored by a natural
gas-fueled C600S microturbine that will be installed in a CCHP
application for a multi-energy complementary smart microgrid. The
microturbine will operate in parallel with wind, solar and energy
storage systems onsite to provide maximum environmental benefit and
optimal return on investment. This will be the first Capstone
Signature Series installed and commissioned in China.
“Capstone is further aligning its business strategy to meet the
demand and growth of the microgrid industry worldwide,” said Jim
Crouse, Executive Vice President of Sales and Marketing at
Capstone. “Capstone microturbines pair well with other power
generation technologies and help to ensure the security and
stability of power to our customers, as our microturbines offer low
emissions and firm base load power,” 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 United States, Latin America, Europe,
Middle East, China and Singapore.
This press release contains "forward-looking statements," as
that term is used in the federal securities laws, about the
advantages of our CCHP applications, and the current size and
potential growth of the microgrid market. 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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