The Combined Heat and Power Market in Germany Strengthens as Capstone Distribution Partner, E-Quad Power Systems, Secures Sec...
April 18 2019 - 8:30AM
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:
CPST), the world’s leading clean technology manufacturer of
microturbine energy systems, announced today that it has secured an
order for a Capstone C600 Signature Series microturbine for a
leading plastics manufacturer in Germany. The order was secured by
E-Quad Power Systems GmbH, Capstone’s distributor in Germany and is
the second significant order this month. In early April, Capstone
announced that E-Quad had secured an order for two C200 systems to
provide combined cooling, heat and power (“CCHP”) for a global
biotechnology company in Germany.
The latest microturbine CHP project will be installed at a
plastics manufacturing facility in southwest Germany. Fueled by
low-pressure natural gas, the microturbines will be used to reduce
energy costs and help lower plant CO2 emissions. The exhaust from
the microturbine will be directly funneled into a multi-megawatt
steam burner to aid the plastic molding process.
“After an extended period of economic uncertainties in the
German CHP market, we are seeing the leading indicators of a
strengthening market. As a result, this is the first Capstone C600
Signature Series microturbine that will be shipped to the region
for a steam application. Steam projects are an important driver of
our business, and as such, they represent a sizable part of our
focus in the German CHP market,” said Marcus Mehlkopf, Managing
Partner of E-Quad Power Systems.
Industrial steam is used in nearly all manufacturing processes
worldwide, and its production is a large part of operating costs in
industrial applications. Adopting cogeneration systems allows
industrial manufacturers to significantly reduce their CO2
emissions and lower operating costs as microturbine system
efficiencies can drive overall energy efficiencies up to 80%.
“Empowering customers to benefit from two or three forms of
energy generation simultaneously through CHP and CCHP for the price
of producing a single energy source is an obvious economic win for
our customers,” said Darren Jamison, President and Chief Executive
Officer of Capstone Turbine. “A single Capstone CHP system can
offer customers an annual energy savings of an estimated 40% while
simultaneously lowering their carbon footprint,” Mr. Jamison
continued.
According to the IEA’s Future of Petrochemicals report,
petrochemicals, which includes plastics, are set to be the largest
driver of world oil demand. The production of petrochemicals
currently consumes as much energy as both the steel sector and
cement sector combined and is responsible for 18% of all
industrial-sector CO2 emissions.
“Changing attitude towards energy markets and policies related
to on-site distributed generation are driving the interest in
energy efficiency and green power options,” said Jim Crouse,
Executive Vice President of Sales and Marketing at Capstone
Turbine. "Capstone systems are currently providing electricity and
steam for hundreds of industrial manufacturers worldwide," added
Mr. Crouse.
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 of these
systems into 73 countries logging millions of operating hours.
Capstone is committed to improving the efficiency of energy
needs around the world, while simultaneously reducing global
emissions of pollutants and greenhouse gases. Capstone’s systems
help end users improve their impact on the environment, while still
meeting power and reliability needs. During fiscal year 2019,
Capstone saved end-use customers an estimated $194 million in
annual energy costs and 314,000 tons of carbon.
Not only does Capstone enable customers to reduce CO2 and
emissions, Capstone applies the same principals to its own
environmental footprint and focuses internally on its environmental
risks, energy consumption, waste disposal and carbon footprint.
Capstone also strives to foster a corporate culture emphasizing its
relationship with employees, customers and suppliers in order to
ensure that Capstone’s corporate values are aligned with those of
its employees, customers and suppliers.
For more information about the company, please visit
www.capstoneturbine.com. Follow Capstone Turbine on Twitter,
LinkedIn and YouTube.
Forward-Looking Statements
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.
CONTACT: |
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Capstone Turbine Corporation |
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Investor and investment media inquiries: |
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818-407-3628 |
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ir@capstoneturbine.com |
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Integra Investor Relations |
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Shawn M. Severson |
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415-226-7747 |
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cpst@integra-ir.com |
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