Capstone to Provide 1MW Microturbine for CCHP at Top-Ranked Pennsylvania College
CHATSWORTH, Calif., Sept. 11, 2015 (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 a C1000 dual mode Power Package to provide thermal and electrical power at a top-ranked, private Christian college in central Pennsylvania.
E-Finity Distributed Generation, Capstone's distributor for the Mid-Atlantic and Southeastern United States, secured the order, which is expected to be commissioned in summer 2016.
After switching to natural gas due to recent propane shortages in the area, the college needed a clean energy solution that would provide year-round electrical power to the campus center, and heating and cooling to various other campus buildings. Capstone microturbines were chosen for their fuel flexibility, low emissions and quiet operation. The on-site microturbine power plant is part of a long-term clean energy project to help the college reduce its carbon footprint and meet its sustainability initiatives.
The natural gas-fueled C1000 Power Package will be installed in a combined cooling, heat and power (CCHP) application to produce electrical power as well as hot and chilled water. The turbine will operate in dual mode, which allows the customer to operate independently of the grid or with the grid in a load sharing capacity. With energy efficiency levels approaching 80 percent, the college will soon benefit from having lower operating expenses, minimal system maintenance and backup power capabilities.
"We are extremely pleased every time one of our microturbines is delivered to a school or university, especially those that invest in clean energy practices and environmental awareness," said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. "Capstone is dedicated to helping these businesses work towards their goals for long-term sustainability," 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 over 8,500 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.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the 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:
Dian Griesel Int'l
Cheryl Schneider/Tom Caden
(September 11, 2015 - 8:30 AM EDT)
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