Argonne National Laboratory and Capstone Turbine Receive U.S. DOE Commercialization Funds for Thermal Energy Storage Technolo...
October 18 2018 - 7:30AM
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:
CPST), the world’s leading clean technology manufacturer of
microturbine energy systems announced today that the U.S.
Department of Energy’s (DOE’s) Argonne National Laboratory and
Capstone have received funding from the DOE Technology
Commercialization to refine Argonne’s high-efficiency,
fast-charging and fast-discharging thermal energy storage system
(TESS) for use in combined heat and power (CHP) systems.
According to Argonne Principal Investigator, Dileep Singh,
“Storing thermal energy and using it during periods of high
electricity pricing can result in significant cost savings. This is
particularly important for process/manufacturing industries and
building applications, as it reduces costs and increases energy
efficiency.”
The new Capstone CHP system will incorporate Argonne’s
high-efficiency, fast-charging, and fast-discharging thermal energy
system for waste heat recovery and reuse in projects that require
process heat and industrial manufacturing environments.
The TESS system is essentially a “thermal battery” developed
originally for storing heat in concentrated solar power
applications. Argonne’s TESS incorporates a phase change material
in a high thermal conductivity porous preform, resulting in a
composite material system that has enhanced thermal performance.
One of TESS’s most valuable features is its tunability for specific
applications through the selection of appropriate phase change
material. Additionally, TESS’s high thermal energy density results
in a small footprint similar to the Capstone microturbine
technology.
This new project focuses on integrating Argonne’s TESS into a
Capstone C200 CHP system, specifically, using thermal modeling and
simulations to optimize system design; fabricating and integrating
the TESS into the C200 system; testing the performance of the
integrated TESS-C200 CHP system and conducting both a technology
and economic analysis to establish performance and cost benefits of
the new integrated microturbine and thermal battery solution.
“There are a variety of developments that are driving the
evolution of the CHP market, including new resilient on-site energy
products, improvements in packaged CHP systems, new utility CHP
programs, and the ability of CHP to work with other complementary
technologies including battery and thermal energy storage,” said
Darren Jamison, Capstone’s President and Chief Executive Officer.
“Cost-effective thermal energy storage will further reduce
customers’ energy costs and increases overall CHP system
efficiency,” added Mr. Jamison.
About Argonne National Laboratory
Argonne National Laboratory seeks solutions to pressing national
problems in science and technology. The nation’s first national
laboratory, Argonne conducts leading-edge basic and applied
scientific research in virtually every scientific discipline.
Argonne researchers work closely with researchers from hundreds of
companies, universities, and federal, state and municipal agencies
to help them solve their specific problems, advance America’s
scientific leadership and prepare the nation for a better future.
With employees from more than 60 nations, Argonne is managed by
UChicago Argonne, LLC for the U.S. Department of Energy's Office of
Science.
The U.S. Department of Energy's Office of Science is the single
largest supporter of basic research in the physical sciences in the
United States and is working to address some of the most pressing
challenges of our time. For more information, visit the Office of
Science website.
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 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,” “believe,”
“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
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/c8069449-124e-4b3b-9c88-5a2423852aaf
http://www.globenewswire.com/NewsRoom/AttachmentNg/f1fce0ba-6f7d-4818-bc08-6fd42c37b4c7
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