Capstone Further Penetrates Pharmaceutical Market With 2MW Combined Heat and Power Application in Northern California
CHATSWORTH, Calif., Dec. 17, 2013 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today it received an order for two C1000 microturbines for use in a combined heat and power application at a pharmaceutical facility in Northern California.
Regatta Solutions, Capstone Turbine Corporation's west coast distributor, partnered with Energy Systems Development to satisfy the electrical and thermal demands of the pharmaceutical facility in Northern California. The Capstone C1000 microturbines operate in dual mode, meaning they can run in parallel with or separate from the electric utility grid. This ensures the facility has secure and reliable power even during grid outages with no operational downtime. Dual mode operation also provides the benefit of peak shaving, which reduces utility costs during peak hours. Additionally, the exhaust from the microturbines will be captured to provide steam and hot water to the entire facility, raising the overall efficiency of the combined heat and power system to almost 90%.
"It was a pleasure working with the Energy Systems Development team on this opportunity. This project is another example of smart power application of Capstone's product offering in delivering high energy availability and operationally efficient energy solutions to manufacturers," said Steven Acevedo, President and CEO of Regatta Solutions.
Energy Systems Development, an engineering, procurement, construction and maintenance company based in Northern California, has been developing the site, which is planned for commissioning in March 2014, for three years. When the need for an energy solution that could provide secure power separate from the grid and reduce operational costs during peak hours arose, Capstone microturbines were the clear choice. According to Stu Chang, President and CEO of Energy Systems Development, "I think that our engineering team, with help from a real world integrator like Regatta Solutions, has created a blueprint for the future of cogeneration. No longer do you have to make a choice between stand alone or grid connect, you can have it all." Capstone microturbines, in combination with Energy Systems Development's cutting edge design of heat recovery units and rotary UPSs, create a truly mission critical power plant that enhances facility operations and cuts utility costs.
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 use of our products in cogeneration 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.
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Released December 17, 2013