The Order Will Include a Comprehensive Capstone 10-Year Factory Protection Plan (FPP)
VAN NUYS, CA / ACCESSWIRE / March 26, 2020 / 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 an 800 kilowatt (kW) Signature Series microturbine to upgrade the City of Roseville, California, wastewater treatment plant (WWTP).
The low-emission C800S microturbine system will allow the City of Roseville to yield significant benefits for customers and the environment in the near and long-term. The regional wastewater plant will help officials meet efficiency and sustainability goals by reducing carbon emission, equal to what can be stored in 2,100 acres of forest, and produce clean and green power equal to powering 740 homes.
Cal Microturbine, Capstone's exclusive distributor in California, Washington, Oregon, Idaho, Hawaii and Nevada (www.calmicroturbine.com), secured the order for the digester-gas fueled Capstone C800S microturbine energy system.
"This order is significant as it shows the continued expansion of the biogas sector in the United States," said Darren Jamison, President and Chief Executive Officer of Capstone Turbine Corporation. "Global wastewater treatment projects and other biogas to energy projects like landfills and breweries continue to grow and today make up 15% of our total revenue for the nine months ended December 31, 2019, compared to only 8% in the same period last year," added Mr. Jamison.
Capstone Turbine's innovative microturbine systems have the ability to operate on biogas and other renewable fuels and produce clean and efficient electricity and thermal energy. Capstone microturbines are designed to help end-users improve their environmental impact while meeting critical power and reliability requirements.
"Capstone microturbines meet strict emissions regulations with minimal renewable fuel processing to provide firm, 24/7 renewable power, a major need for grid support in California," said Kenda Brown, President at Cal Microturbine. "Cal Microturbine sees continued growth in the renewable market as clients move to make beneficial use of biogas," added Ms. Brown.
The infrastructure upgrade project will not only increase treatment capacity but will allow officials to build a waste-to-energy cogeneration plant that will produce electricity for onsite use. A five-bay C800 Signature Series microturbine will provide a long-term scalable solution for the project and can be easily expanded in the future to accommodate an increase in site loads. The 800kW Capstone system is expected to be delivered in December of this year, in line with Capstone's recently enacted COVID-19 Business Continuity Plan.
The WWTP will utilize minimally processed digester methane for use in the 800kW Capstone system while the waste heat will be recovered for digester heating. As digester gas production increases, the customer can add an additional 200kW module by populating an unused engine bay within the enclosure, avoiding future site work and reducing costs. Capstone was selected by a national engineering firm due to its value, emissions, and flexibility to easily add an additional 200kW of power. Cal Microturbine is currently working on an identical follow-on project for another municipal digester with the same engineering firm.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ: CPST) is the world's leading producer of highly efficient, low-emission, resilient microturbine energy systems. Capstone microturbines serve multiple vertical markets worldwide, including natural resources, energy efficiency, renewable energy, critical power supply, transportation and microgrids. Capstone offers a comprehensive product lineup, providing scalable systems focusing on 30 kWs to 10 MWs that operate on a variety of gaseous or liquid fuels and are the ideal solution for today's distributed power generation needs. To date, Capstone has shipped over 9,000 units to 73 countries and in FY19, saved customers an estimated $253 million in annual energy costs and 350,000 tons of carbon.
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," "believes," "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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SOURCE: Capstone Turbine Corporation