VAN NUYS, Calif., Aug. 16, 2018 (GLOBE NEWSWIRE) — Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq: CPST), the world’s leading clean technology manufacturer of microturbine energy systems, announced today it secured an order for four C65 microturbines and one C200R microturbine for three wastewater treatment facilities in Northern Italy. IBT Group, Capstone’s distributor in Italy, secured the orders that are expected to be commissioned by the end of the calendar year.
IBT Group will supply the Capstone microturbines as well as the balance of the plant equipment, consisting of a biogas gas treatment system, heat recovery modules and a supervisory control and data acquisition (SCADA) system, for each facility. The microturbines will be installed in a combined heat and power (CHP) application, which will provide electricity and thermal energy based on the fluctuating demands of each facility. Additionally, hot water will be supplied to the wastewater treatment plant for digester gas heating at 70°C, allowing for an efficient system.
“This order is significant as it shows renewed interest from the biogas sector in Italy,” said Darren Jamison, President and Chief Executive Officer of Capstone. “Wastewater treatment projects have a very long sales cycle and this sale is the result of significant effort on behalf of IBT Group,” added Mr. Jamison.
The project will utilize biogas from the local municipal sewer system. The low-emission Capstone microturbines will run in grid connect mode, which will enable to the customer to operate with the utility grid in a load-sharing capacity. Capstone microturbines were selected for their low carbon footprint, low maintenance, modular design and ease of use. The clean and green microturbines align perfectly with the needs of the renewable energy industry.
“IBT Group is recognized for its forward-thinking approach to renewable energy solutions,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. “Wastewater treatment facilities realize that they can leverage the biogas they produce to reduce their operating costs and increase on-site reliability,” 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 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 DQS-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. 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.
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