Capstone Turbine Announces Two-Megawatt CHP Order From Regatta Solutions to Upgrade Southern California Technology Innovation Firm
CHATSWORTH, Calif., Sept. 4, 2014 (GLOBE NEWSWIRE) -- 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 two C1000 microturbines to upgrade a technology innovation firm in Southern California.
Capstone's distributor in California, Regatta Solutions, secured the two-megawatt order.
The technology innovation firm conducted an analysis of their energy usage and decided it was time to upgrade to a more efficient and reliable power generation solution. After comparing various technologies, the firm chose Capstone's clean-and-green microturbines.
The primary criteria in the decision making process were reliability, availability, cleanliness, and cost savings. The two natural gas fired C1000 microturbines are dual mode, meaning they can operate independently of the grid or work with the grid in a load sharing capacity. This ensures the firm is receiving the lowest electricity cost available at various times of the day and year.
Additionally, the C1000's will be operating in a combined heat and power (CHP) application. The clean exhaust from the microturbines will be captured via heat exchangers and will provide hot air and hot water to the facility. This boosts the overall efficiency of the firm's energy usage to greater than 80%.
"High system resiliency and independence of the grid for secure power were key drivers for this project," stated Steven Acevedo, President and CEO of Regatta Solutions. "The Capstone C1000 microturbine system provided the best solution for our client's requirements of high availability and high energy efficiency."
Because the technology innovation firm is located in Southern California, a state with some of the strictest emissions standards in the world, minimizing the environmental impact was an important factor in the decision making process. Capstone microturbines meet and exceed Tier 4 level emission standards with no exhaust after treatment. Reciprocating generator sets require bolt on exhaust after treatment equipment to meet these strict emission standards, adding to the first cost, lifecycle cost and footprint of the installation.
"Businesses are constantly seeking ways to enhance their core processes and become more efficient while simultaneously improving their bottom line," said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. "Capstone microturbines are the ideal solution, helping businesses achieve energy independence by providing reliable, efficient, and clean power at a lower cost than the local utility," 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, United Kingdom, Mexico City, Shanghai and Singapore.
The Capstone Turbine Corporation logo is available at https://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of our CHP applications. 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.
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Released September 4, 2014