Capstone to Power Another Caribbean Hotel with High-Efficiency Cogeneration Solution
21 November 2017 - 12:30AM
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 C200 microturbines to provide combined heat and power
(CHP) for a Jamaican hotel.
The propane-fueled microturbines will provide electrical power
to the site loads, and the thermal energy from the microturbines
exhaust will be utilized via an absorption chiller to provide
chilled water to the building’s heating, ventilation and air
conditioning (HVAC) system. When deployed in this configuration,
the total system efficiency can exceed 80%, providing significant
savings to the customer. Additionally, the microturbines reduce the
customer’s dependence on the local utility grid, which can be
unstable, unreliable and very susceptible to severe weather events
such as hurricanes.
“Because of the tremendous resiliency of microturbines, the
majority of Capstone customers experience minimal downtime, if any
at all, during utility outages caused by severe weather events,”
said Darren Jamison, President and Chief Executive Officer of
Capstone. “More businesses are becoming increasingly receptive to
the idea of onsite distributed power generation as a way to harden
infrastructure, to not only provide operational savings with onsite
generation but also provide critical emergency backup power during
large-scale power outages,” added Mr. Jamison.
During the most recent hurricane season, virtually all Capstone
microturbines in the affected areas remained fully operational. In
the case of St. Thomas, one resort that was able to continue
operating after the hurricane was with its 1.8MW gas-fired Capstone
microturbine power plant. Reportedly, it was the only resort in the
area with both power and water after the storm.
“Propane-fueled Capstone turbines are the growing solution for
distributed power generation in markets with limited or no natural
gas infrastructure,” said Jim Crouse, Executive Vice President of
Sales and Marketing for Capstone. “Microturbines are able to
provide significant operational savings while running on a wide
range of fuels, and we expect this global trend to continue as it's
a great way for customers to both save money and protect against
long-term utility outages caused by severe weather events.”
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 has shipped over
9,000 Capstone Microturbine systems to customers worldwide. These
award-winning systems have logged millions of documented runtime
operating hours. Capstone 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 9001:2015 and ISO
14001:2015 certified company, Capstone is headquartered in
the Los Angeles area with sales and/or service centers in
the United States, Latin America, Europe, Middle East and
Asia.
This press release contains "forward-looking statements," as
that term is used in the federal securities laws, including
statements about the advantages and growing demand
for onsite distributed power generation.” 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 CorporationInvestor and investment
media inquiries: 818-407-3628 ir@capstoneturbine.com
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