Capstone Receives C200 CCHP Order to Power a Chinese Utility Microgrid
January 07 2019 - 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 has secured an
order for a C200 that will be shipped to China as part of a Chinese
utility microgrid project.
Secured by EED International, one of Capstone’s distributors for
China, the system will be used in conjunction with a hot water
absorption chiller in a microgrid optimization project to supply
electricity, hot water and chilled water to the facility. The
low-pressure natural gas (LPNG) C200 microturbine, configured in a
combined cooling heat and power (CCHP) package, will also have the
capability to run dual mode, providing electricity and thermal
energy in island mode as well as when connected to the local
utility grid. The flexibility of the Capstone inverter-based
microturbine will allow the customer to maximize efficiency while
easily integrating with other generation sources like solar, wind
and battery storage which will be part of the project along with
the microturbine.
“This order represents an increased demand by utility companies
looking for alternative ways to meet growing demand while reducing
airborne contaminants,” said Darren Jamison, Capstone’s President
and Chief Executive Officer. “We are confident our technology can
play a critical role in tomorrow’s clean and green energy
environments,” added Mr. Jamison.
China, as the world’s most populous nation, has dramatically
increased energy consumption in the last few decades. According to
available numbers from the International Energy Agency (IEA), China
consumed 579.65 TWh of electricity in 1990, which increased to
5,898.89 TWh in 2016. During the same time, CO2 emissions rose from
2,088.85 Mt to 9,056.80 Mt, a 334% increase.
“Interest in our larger product line continues to grow in Asia,”
said Jim Crouse, Executive Vice President of Sales and Marketing of
Capstone. “Our distributors throughout the region are seeing
increased interest from customers for Capstone products because we
are able to meet or exceed current emission requirements,”
concluded 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 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,”
“believes,” “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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