CNBC Live Interview with Darren Jamison, President & CEO of Capstone Turbine Corporation
CNBC's "After Hours Action" team interviewed Capstone President and CEO Darren Jamison live on April 19, 2012 about the impact of the country's expanding shale plays and abundant natural gas supply on Capstone's growth.
The CNBC interviewer noted, "You (Capstone) came to the attention of the producers because you seem to be getting orders left, right, and center."
Jamison noted that Capstone is growing 30 percent year over year.
"With record low natural gas prices, we can produce energy for a customer at about three cents per kilowatt hour," Jamison said. "They can have free energy for heating, cooling, or processed steam. It's a great opportunity for customers to manage their energy costs and control their future."
One interview said, "A number of my friends on Twitter, including Real Fly, have said just recently that you're really knocking the ball out of the park and they're very impressed with how well the shale is playing for you guys. A lot of these shale plays are kicking off a lot of the natural gas that you're then using right there on site, right?"
"Absolutely," Jamison stated. "They've got natural gas onsite. With natural gas prices, why buy power from the utility when they can use their own product onsite and have the same reliability or better with our technology?"
He also stated that several large oil and gas developers, including Marathon, Anadarko, Pioneer, and Chesapeake, have installed Capstone clean-and-green microturbines throughout shale plays across the United States.
"The word is spreading very quickly for Capstone," Jamison said.
Capstone Receives Order For 12 C65 Dual-Mode ICHP Microturbines from The New York Palace Luxury Hotel
Capstone Turbine Corporation distributor RSP Systems recently secured an order with The New York Palace for 12 C65 dual-mode ICHP microturbines that will provide prime and backup power to the large luxury hotel in midtown New York City.
The natural gas combined cooling, heating, and power (CCHP) application will deepen the green hotel’s commitment to environmental responsibility by reducing emissions equivalent to removing 186 cars from the road.
When commissioned this winter, the system will displace a large portion of the customer’s district steam and electric cooling, and offset a portion of grid power at the massive 55-story, 1.2 million-square-foot tower. The 780kW CCHP system will supply an estimated 35 percent of facility space heating in the winter, 15 percent of space cooling in the summer, and 42 percent electricity year round.
The project was funded by New York State Energy Research and Development Authority (NYSERDA), a government organization that supports businesses that take steps—like installing Capstone microturbines—to help meet New York’s energy goals.
Executives from RSP Systems, Capstone’s New York distributor that secured the order, believe the clean energy project will set an example for other large-scale facilities. “The Capstone microturbine array will become a showcase project demonstrating how buildings with expensive utility rates can integrate a CCHP system to lower overall energy costs and ensure high reliability while also benefiting the environment,” said Cory Glick, RSP Systems’ President.
“The New York Palace is thrilled to be at the forefront of microturbine installations at hotels nationwide and we’re proud to help New York City become a more ecological and sustainable city,” said David Chase, General Manager of The New York Palace. “This new technology will help reduce energy used by the hotel each day and decrease energy costs, which makes a more pleasant and eco-friendly stay for our valued guests.”
“Capstone CCHP technology has great potential to alleviate stress on New York’s electric grid,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. “NYSERDA recognizes Capstone microturbines can play a key role in helping New York meet its goals to reduce energy consumption and protect the environment, and awards companies willing to deploy natural-gas burning clean energy systems for onsite power."
Capital increase of Verdesis, subsidiary of EDF EN, with an entry in the financing round by BeCapital
Verdesis, a subsidiary of EDF Energies Nouvelles and a leading integrated actor in the European biogas and anaerobic digestion sectors, carried out a capital increase of €25 m (€11 m in 2012 and €14 m beginning of 2013) to finance and accelerate its growth.
With a presence in France, the UK, Belgium and Spain through over 60 projects, Verdesis designs, installs and operates anaerobic digestion and biogas power plants that convert agricultural biomass, industrial effluent and discharges from sewage treatment plants or landfills. Verdesis is the fourth largest French player in the market for biogas recovery from landfills, and participates in the recovery of biogas of over 70MW through engines or microturbines, in seven countries.
As part of this transaction, Xavier Lombard, founder of Verdesis and historical minority shareholder, has partnered with the investment company BeCapital, to maintain is involvement in the company alongside EDF EN which keeps 65.5% of the stake.
BeCapital is an investment company with €150 m of assets under management focusing on expansion capital investments in cleantech companies with technically and commercially proven technologies that address the challenges of the Positive Economy™, with the aim to support its investees in their medium term development. BeCapital’s investment scope is global, but it focuses on Western Europe. BeCapital has been initiated by Cobepa, La Compagnie Benjamin de Rothschild and BeCitizen with the involvement of a few dozen European family investors.
Fabienne Demol, Executive Vice President New Business Development at EDF Energies Nouvelles and Chairperson of Verdesis, states: "EDF Energies Nouvelles’s mission is tosupport all innovative fields of renewables beyond its two main applications, wind andsolar. Biogas is an industry that is maturing technologically and that has a strongpotential in the areas where we are already established, allowing for synergies betweenthe teams of EDF EN and Verdesis. We are delighted that Xavier Lombard has partneredwith BeCapital, a leading financial investor, in order to realize with us the ambitions thatwe have in the sector."
Alexander Schmitz, CEO of BeCapital is pleased "to support a profitable and growing company active in the biogas sector. Indeed, this renewable energy source perfectly meets the challenges of a more rational use of energy, a minimization of the impact on climate (cf. limiting methane emissions) and the increased efficiency of resources (especially for biogas from landfills), while being respectful of human health and biodiversity. We believe that proprietary technologies and know-how developed by Verdesis’s teams position this company as one of the future leaders of an emerging industry in Europe. We are also pleased to enter into a partnership with on one hand, EDF Energies Nouvelles, a leader in the global renewable energy sector and, on the other hand, Xavier Lombard, an entrepreneur whose goal is to accelerate the growth of its business with a medium to long term perspective."
For Xavier Lombard, CEO and founder of Verdesis: "This operation provides Verdesis with the means to complete already identified projects and to be part of a new round of asset development and job creation at a local level. By welcoming a new partner as BeCapital alongside EDF Energies Nouvelles, I am delighted to enjoy the support of a prime investor in eco-innovative companies. This private equity firm specializing in clean technologies is supported by leading sponsors and very professional teams. With its industrial expertise and the wealth of its project portfolio, Verdesis fits perfectly in the development of renewable energies on a European scale. Main countries for the development are France, UK, Belgium, Spain and Poland. The B.O.O. concept shall support the installation of Microturbine Capstone C200kW & C1000kW and boost the new line of business with Waste Heat Generator WHG 125kW.
Xavier Lombard and his associates were advised by Oddo Corporate Finance, Scotto & Associates and Altra Law.
EDF Energies Nouvelles and Verdesis have been advised by Linklaters.
BeCapital was advised by White & Case, PricewaterhouseCoopers, PolluxConsulting and Power Production System Consulting.
Capstone Expands Microturbine Installations in Hospitals with C600 Sale in Italy
Capstone's Italian distributor IBT Group recently sold a clean-and-green C600 Power Package to a leading Italian hospital facility management company.
The microturbine will be installed at the enormous, 600-bed Versilia Hospital in Lido di Camaiore in a combined cooling, heating, and power (CCHP) application to lower emissions, increase energy efficiency, and ensure reliable power generation.
In this first-of-its-kind application, the C600 will generate 600kW of onsite electricity. In addition, thermal power from the system will produce 630 kg/hr of steam that will create 400kW of hot water for the 70,000-square-meter (230,000-square-foot) hospital. The C600 will be commissioned in June. Officials expect an absorption chiller will be added to the system later this year.
Capstone microturbines were selected over reciprocating engines even though the hospital has an existing engine-based CHP system. Hospital officials chose the low-emission and highly reliable Capstone microturbine because of its ability to easily make steam and integrate with existing hospital energy systems.
IBT Group expects a total annual savings of 360 tons of oil equivalent (TOE) and a 1,000 ton reduction of carbon dioxide each year.
"This C600 project is a milestone for us since the Capstone microturbine will be the first in Italy installed in such a cutting-edge hospital," said Ilario Vigani, IBT Group CEO. "In addition to hospitals, we have many industrial customers looking at this solution and we expect it will be very popular."
"We continue to pioneer new microturbine applications, especially in markets that rely on low-emission, reliable power like hospitals," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "More customers are finding steam generation a viable solution with our microturbines. Capstone microturbines enable seamless integration with existing steam systems, which reduces installation costs and allows for flexible and efficient utilization of turbine exhaust energy."
Linda Sánchez Launches Clean Energy Jobs Plan
Chatsworth, CA – Congresswoman Linda Sánchez (CA-39) today unveiled a creative plan to create jobs and promote American energy efficiency and independence by announcing the “American Microturbine Manufacturing and Clean Energy Deployment Act” (H.R. 3394). The recently introduced legislation would give producers of microturbine technology the same tax credits other renewable and fuel cell technologies receive. Microturbines are clean energy systems that provide a low-emission, uninterrupted power supply and help control energy costs.
“This legislation builds on the great American tradition of innovation and manufacturing, but, most importantly, it will help our country create new high-paying jobs,” said Congresswoman Sánchez. “On top of that, this bill helps promote investment in the clean energy economy and reduces air pollution and greenhouse gas emissions. Microturbines produce efficient thermal energy and clean electrical power, and it’s about time that microturbine technology joins solar power and wind power in the national conversation for clean energy solutions.”
The “American Microturbine Manufacturing and Clean Energy Deployment Act” would amend the current tax code to establish a 30% investment tax credit for microturbines, putting it on par with other renewable technologies. By advancing smart tax policy and smart regulations to help businesses expand and grow, H.R. 3394 would enable American microturbine producers to triple their domestic manufacturing. Industry experts estimate that this tax credit could create over 2,000 new jobs almost immediately. Additionally, enough new microturbines could be put into use during the first year of the tax credit to reduce greenhouse gas emissions by an estimated 170,000 tons of Carbon Dioxide.
Congresswoman Sánchez unveiled her clean energy jobs plan during a tour of Capstone Turbine Corporation’s facilities in Chatsworth, CA. Capstone manufactures low-emission microturbine systems, which are used by companies, hospitals, landfills, manufacturers, oil-and-gas sites and more across California and worldwide.
“Capstone Turbine Corporation is the world’s leading manufacturer of clean microturbine energy systems. We are honored to host Congresswoman Sanchez at our factory today, and we applaud her support for American manufacturing, clean energy, and energy efficiency,” said Darren Jamison, President and CEO of Capstone Turbine Corporation. “H.R. 3394 will grow the domestic market for microturbines, which today are manufactured almost exclusively in the United States, but are sold predominantly overseas. If this bill passes, more American businesses will be able to generate their own electricity and thermal energy onsite, saving those businesses money but also strengthening energy security and reducing pollution.”
Microturbines are an American-invented technology. 90% of the world’s microturbines are manufactured right in the United States. Additionally, microturbines can reach 90% energy efficiency.
Greenvironment enters into a cooperation with energy group Dalkia Polska S.A.
Capstone Turbine Corporation distributor Greenvironment Plc (WKN: A1JLT1 / Symbol: GIV1) is pleased to announce that it has entered into a cooperation with Dalkia Polska S.A. based in Warschaw, Poland.
Dalkia Polska S.A. is owned by IFM - Industry Funds Management (40%) and Dalkia International SA (60%) that is controlled by both Veolia Environnement SA and Electricité de France SA (EDF). Dalkia has been doing business in Poland for over 14 years, managing the production and local distribution of energy in almost forty cities, including Lodz and Poznan, respectively the second and fifth-largest in the country.
Dalkia Polska and Greenvironment are willing to establish combined heat and power plants (CHP) based on Capstone microturbines. Dalkia will provide its own sales network, service team and operations facilities to market, operate and service Greenvironment CHP's in Poland. Greenvironment will deliver the technology and supports on specification as well as commissioning.
The contract confirms that both parties will first establish a pilot site in order to explore the best technological and economical opportunities. The initial target projects are natural gas installations of up to 1MW electrical installed power. Larger installations for industrial usage could be targeted at a later stage.
“Greenvironment who is our exclusive distributor in Poland has again proven its ability to move fast and to develop its markets by addressing the right partners like Dalkia Polska. Capstone looks forward to working with Greenvironment and Dalkia to develop this market whose potential has yet to be unlocked for Capstone”, said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. Sebastian Hampel, Managing Director of Greenvironment Poland sp. z o.o., said: “In Poland exists a 3,000MW base load potential that needs to be replaced with distributed energy supply solutions by 2020 and Dalkia is Poland’s number 1 heating market operator. We feel honored that we are joining forces with the biggest energy service company in Poland and look forward to a fruitful business relationship.” Peter Dorner, Chief Operating Officer of Greenvironment Plc, comments: “Thanks to the efforts of our Polish team within the last year, we were able to enter into this important cooperation agreement with Dalkia Polska. It is a big step forward for us in order to address the Polish market needs.”
About Dalkia Group
A subsidiary of Veolia Environnement and Electricité de France (EDF), Dalkia is a leading European provider of energy services to public authorities and companies. Since its creation, it has focused on energy and environmental optimization. It meets customer expectations by delivering customized, end-to-end solutions to ensure comfortable living and efficient energy supply. Its services include management of heating systems and energy and industrial fluid production facilities, energy plant engineering and maintenance services, technical services for commercial and industrial building operation, and comprehensive building management services. With nearly 53,500 employees in 42 countries, Dalkia reported managed revenue of 8.6 billion Euro in 2010. More information can be found on www.dalkia.com.
Greenvironment is a European company active in the decentralized energy generation market which plans, builds and operates CHP heat and power plants (CHP). The company offers CHP plants in a power range of 30 kWel to 4 MWel and is a market leader in the use of innovative microturbine technology in electricity generation from biogas and natural gas. Greenvironment is an important distribution and technology partner of Capstone Turbine Corporation Corp. (Nasdaq: CPST), the world-market leader in the production of microturbines. Microturbines benefit from high availability, low maintenance requirements, low emissions, favourable EEG and KWKG bonus compensation and flexible heat utilization. All Greenvironment CHP plants are operated by a highly efficient centralized process management system at the operations centre in Berlin. See also the new CEO Blog in the investor relations sections of our website www.greenvironment.com.
Greenvironment receives initial orders from a renowned oil and gas producer
Berlin, 13th September 2011 - Greenvironment GmbH, a 100% subsidiary of Greenvironment Plc (WKN: A0YEKX / Symbol: GIV) has received orders from a well-known oil and gas producer to build two 200kW microturbine CHP plants in Germany.
In the extraction of crude oil there is always a gaseous mixture of a wide variety of hydrocarbons (associated petroleum gas - APG). The client now intends to convert those gas volumes that accrue in its oil and gas fields into electricity as well as heat by using microturbines and thus to ensure an energetic usage.
Greenvironment is building a pilot plant that should prove that quantity fluctuating gas volumes, whose composition is variable, can be effective energetically used in microturbines. These microturbines of one performance class will be operated unitized or as a power block. By changing the gas composition is also intended to determine which application scope is possible and accordingly at what effort present gas can be changed so that it can be used in microturbines. The generated electricity is primarily used for the operation of the plant. Excess electricity is fed into the grid of the local utility.The thermal energy will be used as process heat.
Matti Malkamäki, CEO of Greenvironment Plc, said: "These initial orders from a major oil and gas producer in Germany are of enormous importance for Greenvironment because it opens up many new opportunities - especially in the oil and gas sector. I am firmly convinced that our microturbine CHP plants will stand the pilot test."
"Though these are German projects, it gives us a lot of know-how about how the turbines can be used on associated petroleum gas. We have a number of similar cases waiting, not only in Germany but in Poland and Romania as an example, where similar needs do exist. The total number of possible plant sites in in our countries of operation is more than 100", adds Matti Malkamäki.
About Greenvironment Greenvironment is a European company active in the decentralized energy generation market which plans, builds and operates CHP heat and power plants (CHP). The company offers CHP plants in a power range of 30 kWel to 4 MWel and is a market leader in the use of innovative microturbine technology in electricity generation from biogas and natural gas. Greenvironment is an important distribution and technology partner of Capstone Turbine Corporation Corp.(Nasdaq: CPST), the world-market leader in the production of microturbines.
Microturbines benefit from high availability, low maintenance requirements, low emissions, favourable EEG and KWKG bonus compensation and flexible heat utilization. All Greenvironment CHP plants are operated by a highly efficient centralized process management system at the operations centre in Berlin. See also the new CEO Blog in the investor relations sections of our website www.greenvironment.com.
For further information:
Matti Malkamäki CEO Greenvironment Plc Tel.: +49 (0)30 311 6712 30 Fax: +49 (0)30 311 6712 59 Email: IR@greenvironment.com
This publication serves information purposes only and constitutes neither an offer to sell nor a solicitation to buy any securities of Greenvironment Plc. This press release contains forward-looking statements based on the beliefs of Greenvironment management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Greenvironment as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Greenvironment disclaims any intention or obligation to update these forward-looking statements.
President Barack Obama Salutes Capstone Turbine Corporation in Weekly Address
On March 19, 2011, President Barack Obama acknowledged Capstone Turbine Corporation’s contribution to America’s accelerating economic growth in his Weekly Address “American Jobs Through Exports to Latin America.” From Washington DC, Obama declared that Capstone’s exports to Latin America support American jobs.
“In 2010, America's exports to Brazil supported more than 250,000 American jobs,” Obama said. “These are jobs at places like Capstone Turbine Corporation in California, which recently sold US$2 million worth of high-tech energy equipment to Brazil.”
President Barack Obama referenced the order for three C800 Powe Packages for a large wastewater treatment plant in Brazil that supported the country's efforts to continuously improve water quality and diversify its energy supplies beyond hydroelectric.
Obama reported that as Latin America’s economy rapidly grows, so does its demand for goods and services. “As President, I want to make sure these products are made in America. I want to open more markets around the world so that American companies can do more business and hire more of our people. Every US$1 billion of goods and services we export supports more than 5,000 jobs in the United States. So, the more we sell overseas, the more jobs we create on our shores. That's why, last year, I set a goal for this country: to double our exports by 2014. And it's a goal we're on track to meet.”
“Capstone Turbine Corporation is a homegrown energy company that employs approximately 200 highly skilled American workers in our manufacturing facilities outside of Los Angeles,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. “We produce approximately 80% of the world’s microturbines. Most of the balance is also manufactured in the United States, making microturbines a unique American manufacturing success story. This is not a product that we are buying from China; China is buying it from us.”
Capstone Turbine Corporation to be Featured on Discovery Channel Canada
On Jan. 17, 2011, a crew from Discovery Channel Canada arrived at Capstone Turbine Corporation headquartered in Chatsworth to film how microturbine technology is used in HEV applications, specifically the world’s first microturbine-powered supercar, the CMT-380.
Cameras began rolling at 9 a.m. as Richard Hilleman, Electronic Arts Chief Creative Director and creator of popular video games, showcased his prodigy on wheels, the CMT-380 he calls “Black Bird.” The CMT-380 is a high performance hybrid-electric microturbine vehicle Hilleman created with support from Capstone Turbine Corporation, the world's leading clean technology manufacturer of microturbine energy systems.
The CMT-380 will be featured on Daily Planet, the internationally award-winning flagship science and technology program of Discovery Channel Canada that reaches nearly 4 million viewers each week. The date and time of the show will be announced in the coming weeks.
The feature will illustrate how this sleek hybrid-electric sports car draws its power from lithium polymer batteries and a Capstone C30 microturbine. The CMT-380 proves that a high-performance supercar can combine extremely high fuel economy and reduced greenhouse gas emissions with unparalleled driving experience.
Richard Hilleman beside his microturbine-powered CMT-380.
Capstone's Steve Gillette explains how a microturbine works while on the factory floor.
WELTEC BIOPOWER orders first Greenvironment plant for large biogas park in Barsikow
WELTEC BIOPOWER orders first Greenvironment plant for large biogas park in Barsikow
1st installation of a microturbine plant in the field of biomethane upgrading
Long-term technology cooperation with WELTEC BIOPOWER
Berlin, 17th January 2011 – WELTEC BIOPOWER GmbH, the world market leader in the production of stainless steel biogas plants, has placed an order for the first microturbine combined heat and power plant from Greenvironment GmbH, a 100% subsidiary of Greenvironment plc.
Greenvironment will install a CHP plant with a CR600-microturbine and the SCADA system for remote monitoring in a large biogas park (24,000-square-meters) in Barsikow (Brandenburg), about 100 kilometers to the west of Berlin. Based on the input materials corn, whole crop silage and dry chicken manure 8.4 million standard cubic meters of biogas and 3 million standard cubic meters of biomethane will be produced here annually starting in the summer of 2011.
In this biogas project, microturbines are combined with a biogas upgrading plant. The thermal energy contained in the exhaust stream of the microturbine is used as process heat for the biogas upgrading plant. The treatment is based on the principle of chemical wash (amine scrubbing). The goal is a self-sufficient process heat supply of the upgrading plant by a head load controlled CHP with integrated microturbines. The generated electricity is fed into the grid of the local utility. The amount corresponds to an electrical capacity of 2.2 megawatts.
"During the processing of biomethane, the process energy (water) needs to have a temperature of 140 degrees Celsius. Therefore microturbines offer a clear competitive advantage thanks to their high thermal efficiency, which helps us to significantly increase the overall economics of the biomethane production", says Robert Tholen, technical director of WELTEC BIOPOWER. Further advantages are the compact and modular design of the package that can be upgraded as needed.
"Greenvironment has quickly developed solutions that have all facilitated a good connection to the existing biogas upgrading plant", Robert Tholen stated the reason for awarding the contract to the Berlin-based technology specialist.
"This initial contract by WELTEC BIOPOWER is a good start into 2011. In addition to that, negotiations with other clients regarding further major contracts are also well advanced. Therefore we expect a significant jump in revenues this year", commented Radu Anghel, managing director of Greenvironment GmbH.
About WELTEC BIOPOWER
WELTEC BIOPOWER GmbH designs and manufactures complete stainless steel biogas plants that assure high quality, durable and sustainable products over lifetime. In recent years the company has become the world market leader in this segment. WELTEC biogas plants are constructed in modular design ensuring individual and flexible solutions for small and large biogas cluster plants, gas treatment installations and also waste recovery sites. With now 70 employees, WELTEC has realized over 200 installations across Europe (including Sweden, Netherlands, Czech Republic, Greece, Lithuania and Hungary) but also in the USA and Japan. See also: www.weltec-biopower.de.
Greenvironment is a European company active in the decentralized energy generation market and plans, builds and operates CHP heat and power plants (CHP) utilising microturbine technology. The company offers CHP plants in a power range of 30 kWel to 1 MWel and is a market leader in the use of innovative microturbine technology in electricity generation from biogas and natural gas.
Microturbines benefit from high availability, low maintenance requirements, low emissions, favourable EEG and KWKG bonus compensation and flexible heat utilization. All Greenvironment CHP plants are operated by a highly efficient centralized process management system at the operations centre in Berlin. See also: www.greenvironment.com.
For further information:
Matti Malkamäki CEO Greenvironment plc Tel.: +49 (0)30 311 6712 30 Fax: +49 (0)30 311 6712 59 Email: IR@greenvironment.com
This press release contains forward-looking statements based on beliefs of Greenvironment management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Greenvironment as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Greenvironment disclaims any intention or obligation to update these forward-looking statements.