Capstone Turbine Receives 2013 Emissions Reduction Certificate From the US EPA Combined Heat and Power Partnership
20 March 2014 - 11:30PM
Capstone Turbine Corporation (www.capstoneturbine.com)
(Nasdaq:CPST), the world's leading clean technology manufacturer of
microturbine energy systems, announced today that it recently
received an emissions reduction certificate from the U.S.
Environmental Protection Agency Combined Heat and Power
Partnership.
Capstone Turbine, through its U.S. distribution partners, has
installed 471 combined heat and power, or CHP, systems that have
avoided an estimated 3,060,000 metric tons of carbon dioxide,
compared to conventional energy sources. CHP is the simultaneous
generation of electricity and useful heat. In 2013 alone,
Capstone's customers avoided emissions of more than 298,000 metric
tons, equal to those from the generation of electricity used
annually by 40,955 homes. CHP applications can achieve overall
efficiencies in excess of 80%, which is far better than the
electrical efficiency of the national utility grid.
In August 2012, the President issued an Executive Order calling
for an acceleration of investment in industrial energy efficiency,
specifically CHP. The government called for 40 gigawatts of CHP to
be installed by 2020, recognizing the need to promote energy
independence via distributed generation to reduce the reliance on
the national grid. Meeting this goal would save American businesses
$10 billion each year and also reduce emissions equivalent to
taking 25 million cars off the road.
"Capstone customers can be greener, produce power at a lower
cost than the grid, and achieve energy independence with CHP,
making it the clear choice moving forward," said Jim Crouse,
Capstone Executive Vice President of Sales and Marketing.
"Capstone is proud to be awarded a 2013 Certificate of Avoided
GHG Emissions by the EPA Combined Heat and Power Partnership," said
Darren Jamison, Capstone President and Chief Executive Officer.
"This certificate is awarded in recognition of Capstone's
achievement in reducing carbon pollution with CHP projects.
Capstone remains committed to being a leader in the combined heat
and power industry as the world moves towards more efficient and
lower emission power generation methods to meet the growing demand
for energy," Jamison added.
View the EPA certificate:
http://www.capstoneturbine.com/news/mediaeventsdetail.asp?id=44
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 http://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.
CONTACT: Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com
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