Capstone Secures 1MW Order From Regatta Solutions for CCHP Installation at Hawaiian Resort
CHATSWORTH, Calif., Jan. 7, 2014 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today it recently received an order for a C1000 to be used in a combined cooling, heat, and power (CCHP) application at a resort in Hawaii.
Regatta Solutions secured the order for a Capstone C1000 dual mode propane high humidity microturbine from Critchfield Pacific Inc., a design-build mechanical contractor located in Hawaii that specializes in the installation of HVAC systems with an emphasis on energy efficiency. According to Ron Swenson, President of Critchfield Pacific, "Capstone microturbines were chosen as the preferred option for power generation due to their high efficiency and ability to provide stable power in Hawaii, where the utility grid can be expensive and unreliable."
The Capstone C1000 implemented in a CCHP configuration allows the hotel to also utilize the exhaust heat of the microturbine to provide domestic hot water and pool heating via a hot water heat exchanger, while also able to satisfy the cooling needs of their facility through the use of an absorption chiller. Utilizing the Capstone microturbine in a CCHP application cut the payback period in half, making it the clear choice from a financial standpoint.
"Trigeneration provides high efficiency onsite energy production to help customers reduce rising electric costs," said Mark Gilbreth, Chief Technology Officer at Regatta Solutions. "I look forward to this installation being an example for future clients to drive CHP/CCHP technology adoption."
In addition to boosting the site's overall energy efficiency and reducing costs, the microturbines are dual mode, which enables the facility to function uninterrupted in the event of a power outage. "Capstone's ability to parallel with the existing grid or work independently from the grid ensures the hotel has the energy reliability and availability it requires," said Jim Crouse, Executive Vice President, Sales and Marketing of Capstone Turbine Corp. "Many of our customers have recognized the value in using Capstone products to improve efficiency plus assure power and thermal energy in the event of a utility power outage."
"In addition, Capstone's low maintenance, low emissions, and ability to operate without lubricating oil and cooling fluids make it a perfect fit for the project. Environmental impact in Hawaii is a key issue, and the choice to use Capstone's clean and green microturbines reflects that," added 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 Turbine has shipped approximately 7,000 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine 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, Mexico City, Nottingham, Shanghai and Singapore.
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This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the suitability of our products in Hawaii, future adoption of CHP/CCHP technology and the environmental advantages of our products. 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 email@example.com
Released January 7, 2014