Capstone Secures Order for Multiple C65 Microturbines to be Installed at Four Locations in Germany
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Capstone Turbine Corporation (www.capstoneturbine.com) (CPST), the world’s leading clean technology manufacturer of microturbine energy systems, announced it secured an order for six C65 microturbines for four different facilities throughout Germany. E-Quad Power Systems GmbH, Capstone’s distributor in Germany, secured the order and the microturbines are expected to be commissioned over the next several months.
The natural gas-fueled microturbines will be installed in an industrial combined heat and power (CHP) application, at each of the four facilities. One facility will receive three C65s while the remaining three facilities will each receive one unit. The clean and green microturbines will provide on-site CHP that is far more efficient and environmentally beneficial than utility power. Along with low-emissions, the C65 features low noise levels, low maintenance costs, a low carbon footprint and industry-leading reliability.
“Capstone is focused on growing our business in Europe as part of our overall strategy of geographic diversification. Germany continues to be a key market and will provide continued growth in our CHP business,” said Darren Jamison, President and Chief Executive Officer of Capstone. “We had year-over-year revenue growth of 88% in the first quarter of fiscal 2019 for Europe. This was a significant increase and we expect that trend to continue into the second quarter and the remainder of the fiscal year,” added Mr. Jamison.
Two of the six microturbines will support the growing needs of an existing customer with past project success. The repeat customer selected Capstone microturbines for its proven ability to provide clean, flexible and reliable performance. They also selected Capstone because of the high levels of customer support from E-Quad, the local Capstone distributor.
“The German market has been challenging while the renewable energy and CHP regulations have been in flux,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. “E-Quad has been able to secure new business in spite of the regulatory hurdles and has developed a significant pipeline of business that will be secured once the regulations have been finalized,” added Mr. Crouse.
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