Energy Innovation Center Partners with Capstone Turbine to Promote Combined Heat, Cooling and Power in Pennsylvania
CHATSWORTH, Calif., Oct. 16, 2017 (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 has partnered with the Energy Innovation Center (EIC) in Pittsburgh, Pennsylvania to retrofit its building with clean and green Capstone microturbines.
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6c2856a2-ebbe-4346-ad76-1929209c78db
The EIC worked with E-Finity Distributed Generation, Capstone’s exclusive distributor for the Mid-Atlantic and Southeastern United States, to install two natural gas-fueled C65 integrated cooling, heat and power (ICHP) microturbines with Capstone’s integrated heat recovery modules (HRMs). The Capstone HRMs produce over 840,000 BTU/hr of heat for the building’s HVAC system while simultaneously providing hot water to a 50-ton absorption chiller that provides chilled water to the building for air conditioning. Utilizing the thermal energy in this combined cooling, heating and power (CCHP) mode, boosts the overall efficiency of the system to over 80%.
“While E-Finity continues to have a strong presence in the Marcellus and Utica shale gas regions, I am very pleased to see this large supply of natural gas now being utilized inside the fence by customers leading to a continued increase of our CHP and CCHP projects, that provide better efficiency and resiliency to commercial and industrial companies,” said Jeff Beiter, Managing Partner and Chief Executive Officer of E-Finity Distributed Generation.
The EIC is a 6.6-acre urban complex in Pittsburgh, Pennsylvania that promotes energy-sector research and innovation and fosters energy and sustainable technology advancement through its commitment to diversity, innovation and comprehensive education. The building is Leadership in Energy and Environmental Design (LEED) Platinum certified by the U.S. Green Building Council, meaning it meets the most stringent emissions, reliability and noise restrictions.
“Capstone microturbines were selected based on their low emission energy profile, as well as their ability to utilize the thermal energy,” said Timothy Butler, Integrated Services & Consultants, Inc., who manages technical projects of this type at the EIC. “Utilizing the thermal by-product of the generation process allows us to fulfill heating and cooling requirements in the building, making it far more efficient and environmentally friendly than the current electric grid.”
“We are excited to see the Energy Innovation Center partner with Capstone’s clean and green technology as customer education leads to increased technology adoption,” said Darren Jamison, President and Chief Executive Officer of Capstone. “There is no better way for the EIC to promote and educate the energy community about clean and sustainable power generation technology than to install microturbines at their facility, demonstrating their belief and commitment to energy-sector innovation,” added Mr. Jamison.
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 UL-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.
The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.
CONTACT: Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com
Released October 16, 2017
