Capstone Receives Order From Multiple Wastewater Treatment Plants For On-Site Renewable Energy Solution In Italy
August 16 2018 - 7:30AM
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:
CPST), the world’s leading clean technology manufacturer of
microturbine energy systems, announced today it secured an order
for four C65 microturbines and one C200R microturbine for three
wastewater treatment facilities in Northern Italy. IBT Group,
Capstone’s distributor in Italy, secured the orders that are
expected to be commissioned by the end of the calendar year.
IBT Group will supply the Capstone microturbines as well as the
balance of the plant equipment, consisting of a biogas gas
treatment system, heat recovery modules and a supervisory control
and data acquisition (SCADA) system, for each facility. The
microturbines will be installed in a combined heat and power (CHP)
application, which will provide electricity and thermal energy
based on the fluctuating demands of each facility. Additionally,
hot water will be supplied to the wastewater treatment plant for
digester gas heating at 70°C, allowing for an efficient system.
“This order is significant as it shows renewed interest from the
biogas sector in Italy,” said Darren Jamison, President and Chief
Executive Officer of Capstone. “Wastewater treatment projects have
a very long sales cycle and this sale is the result of significant
effort on behalf of IBT Group,” added Mr. Jamison.
The project will utilize biogas from the local municipal sewer
system. The low-emission Capstone microturbines will run in grid
connect mode, which will enable to the customer to operate with the
utility grid in a load-sharing capacity. Capstone microturbines
were selected for their low carbon footprint, low maintenance,
modular design and ease of use. The clean and green microturbines
align perfectly with the needs of the renewable energy
industry.
“IBT Group is recognized for its forward-thinking approach to
renewable energy solutions,” said Jim Crouse, Capstone’s Executive
Vice President of Sales and Marketing. “Wastewater treatment
facilities realize that they can leverage the biogas they produce
to reduce their operating costs and increase on-site reliability,”
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 over 9,000
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 DQS-Certified ISO 9001:2015 and ISO
14001:2015 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 and
Asia.
For more information about the company, please visit
www.capstoneturbine.com. Follow Capstone Turbine on Twitter,
LinkedIn and YouTube.
Forward-Looking StatementsThis 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,” ”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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