Capstone Sees Increased Opportunities in Wyoming as Demand for Natural Gas and Renewable Energy Increases
22 Maggio 2019 - 2:30PM
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 a
fourth order for a Wyoming energy company. The order comes as
Wyoming, the largest producer of coal in the country, increases
natural gas and renewable power production while coal production
continues to decline.
The follow-on order was secured by Horizon Power Systems,
Capstone’s distributor for the Western Mountain States of the
United States and Western Canada. The C600 Signature Series
stand-alone microturbine will run all electric power equipment at a
remote and unmanned compressor station while running on locally
available high-pressure natural gas (HPNG). The microturbine was
selected as the unit meets stringent Wyoming air quality
regulations for emissions, low maintenance intervals, and high
reliability.
“Burning coal drove much of yesterday’s energy supply. However,
we believe clean natural gas, biogas, and renewable natural gas are
the answers for our future. A natural gas-fueled power plant emits
60 percent less carbon dioxide than a coal-fired power plant,” said
Darren Jamison, President and Chief Executive Officer of Capstone.
“As a company, it is part of our mission to help reduce our
customer’s carbon footprint. In fact, during fiscal year 2019,
Capstone reported that it saved end-use customers an estimated $253
million in annual energy costs and 350,000 tons of carbon,” added
Mr. Jamison.
Wyoming currently ranks amongst the top five states with the
most natural gas reserves. Although the state has led the coal
mining industry for energy since 1986, a shift in consumer
attitudes towards alternatives such as clean natural gas, biogas
and renewable natural gas has caused a shift in the production. The
shift, also impacted by strengthening regulations for tighter air
emissions driving overall Wyoming air quality, is expected to
continue to benefit low emission technologies.
“Compressor stations always face some natural gas leakage in
compressor applications. Microturbines are an effective solution in
helping operators such as this one become green by using available
‘slip-gas’ to produce power while reducing emissions,” said Jim
Crouse, Executive Vice President of Sales and Marketing of
Capstone. “Cost savings come from the fact that our microturbines
can eliminate the need for utility power or the addition of costly
diesel generation and reduce the environmental footprint of the
site,” concluded 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 units to
73 countries and have saved customers an estimated $253 million in
annual energy costs and 350,000 tons of carbon.
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: |
Capstone Turbine
CorporationInvestor and investment media
inquiries:818-407-3628ir@capstoneturbine.com |
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Integra Investor RelationsShawn
M. Severson415-226-7747cpst@integra-ir.com |
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