CHATSWORTH, Calif., Jan. 25, 2016 (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 side by side C800 and C200 microturbines to be used in a combined heat and power plant application at a United States Federal Government headquarters building in Washington, DC.
E-Finity Distributed Generation, Capstone’s distributor for the Mid-Atlantic and Southeastern United States, secured the order, which is expected to be commissioned later this year.
The C800 and C200 microturbines will provide a combined 1MW of power and help to offset the building’s electrical load. The waste heat from the exhaust will be used to generate 315 tons of chilled water for the building’s cooling system. This project will help support the U.S. Federal Government in meeting its sustainability goals through innovative cogeneration measures.
“We are beginning to see repeat customers in the commercial and industrial market segment that see the value of combined heat and power to meet sustainability goals and lower their operating costs,” said Tom McGeehan, Director of Sales for Commercial Projects at E-Finity Distributed Generation.
The customer, a multi-national Energy Services Company (“ESCO”), selected Capstone’s clean-and-green microturbine technology in order to reduce the government’s carbon footprint and provide 24x7 power and chilled water for cooling to the building.
E-Finity’s sales and applications team was able to configure the U.S. Federal Government’s installation in order to meet limited space requirements. The non-traditional setup of the C800 and C200 microturbines side by side demonstrates the technology’s ability to adapt to and meet customer needs.
“Capstone is thrilled to be able to serve the U.S. Government by providing it the tools it needs to effectively meet its sustainability goals,” said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. “We are in full support of these measures to reduce energy and water consumption in the United States,” added Mr. 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 8,600 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.
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This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of our products, growth of the combined heat and power market and sales to the U.S. federal government. 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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CONTACT: Capstone Turbine Corporation Investor and investment media inquiries: 818-407-3628 ir@capstoneturbine.com INVESTORS: Dian Griesel Int’l Cheryl Schneider/Tom Caden 212-825-3210
