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CAPSTONE SECURES FOLLOW-ON CHP ORDER FOR THREE OFFICE TOWERS AT MELBOURNE CBD

 

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Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced that it has received an order for a C600S Signature Series microturbine and four C200S Signature Series microturbines to provide integrated combined heat and power (ICHP) for three office towers in Melbourne, Australia’s Central Business District (CBD).

Capstone C200S Microturbine
  Capstone's C200 Signature Series microturbine produces up to 200kW of clean-and-green power and boasts a broad range of system and design upgrades.

 

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b87a563b-0d8a-450a-a71d-721115a06b07

Optimal Group, Capstone’s Australian distributor, secured the follow-on order, which is scheduled to be commissioned beginning in mid-2018. Capstone microturbines were selected for their ability to meet changes in power demands, which enables the high-rise office towers to obtain CHP energy saving benefits at any time of the day or year.

Darren Jamison, President and Chief Executive Officer of Capstone Turbine said, “These three follow-on ICHP projects are the direct result of our efforts to diversify our customer base and geographic presence while increasing our revenue from the energy efficiency space.”

The C600S ICHP microturbine will be installed at an office tower development on Melbourne’s iconic Collins Street, which will boast a five-star National Australian Built Environment Rating System (NABERS) efficiency rating and six-star Green Star rating upon completion. Two C200S ICHP microturbines will be installed at the fifth and final tower of the Walker Group’s Collins Square development, which has the highest concentration of sustainable buildings in the southern hemisphere. Finally, two C200S ICHP microturbines will be installed at Collins Arch, a luxury mixed-use office building development that also comprises a five-star luxury hotel and 200 residential apartments.

“Our microturbines will provide clean power, cooling and heat while also enabling the building developers to obtain complex grid connections and meet strict NOx emission requirements,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. “Capstone microturbines can also be integrated with other energy technologies allowing for continuous building improvement without affecting the viability of the initial investment in CHP,” added Mr. Crouse.

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