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U.S. Microturbine CHP Market Share Grows to a Record 25%

 

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Capstone Turbine Corporation, the world’s leading clean technology manufacturer of microturbine energy systems, announced today that a recent ICF Inc. combined heat and power (CHP) study leveraging the U.S. Department of Energy CHP Installation Database indicates that the microturbine market share of U.S. CHP installations in the 100 kW to 5 MW has reached a record 25%.

ICF estimates that between 2008 to 2013, microturbines had approximately a 17% market share and that more recently, from 2013 to 2017, the microturbine market share increased to a record 25% of installations larger than 100 kW and smaller than 5 MW in the United States. The majority of the microturbine market share improvement was the result of gains from traditional reciprocating engine competitors that have historically dominated the global CHP market.

“We continue to successfully diversify our market verticals by concentrating on CHP and CCHP as energy efficiency is a growth market for us globally,” said Darren Jamison, Capstone’s President and Chief Executive Officer.

In addition, ICF forecasts that U.S. CHP annual capacity installations will grow from approximately 600 MW in 2017 to as high as 1,400 MW in 2026 and that the growth in overall CHP markets will be driven by smaller commercial applications that typically are well suited for microturbine technology.

“There are a variety of drivers for the forecasted growth in the CHP market, including the need for resilient on-site power, advances in packaged CHP technologies, growth in utility CHP programs, and the ability of CHP to balance intermittent renewable generation in microgrids,” said Anne Hampson, a Principal at ICF.

As the use of decentralized energy systems continues to gain momentum, more U.S. businesses are looking to take control of their energy costs. The benefits of moving away from the local utility and generating power onsite are clear as Capstone end-use customers saved an estimated $194 million in annual energy costs and 314,000 tons of carbon in fiscal 2018. These carbon savings would compare to the annual equivalent carbon reduction from approximately 369,800 acres of forest or removing over 67,000 passenger vehicles from the road for a year.

“Capstone’s high efficiency combined heat and power end-use customers had the largest energy savings on a per project basis compared to the oil and gas end-users where their primary focus has historically been more about energy reliability and resiliency,” added Mr. Jamison.

“Capstone’s new Signature Series product line-up is making significant progress in the CHP market, which is specifically focused on growing the energy efficiency market vertical and continuing to diversify Capstone’s business,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing.

Visit with Capstone, Lanyard Sponsor, at the upcoming World Energy Engineering Congress (WEEC) October 17-19 in Charlotte, NC.

Learn more about WEEC at www.energycongress.com

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