CHATSWORTH, Calif., Jan. 5, 2015 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that the Yakutsk Poultry Farm, the largest supplier of poultry products in the Russian region of Yakutia, has installed ten Capstone C65 microturbines.
BPC Engineering, Capstone's Russian distributor, secured the order. More than 140 microturbines have been installed in Yakutia since 2004.
The region's capital city, Yakutsk, is known by many as "the coldest city on earth", which translates to a high demand for reliable power and heating. High load facilities in this region are especially vulnerable to power failures, which is why the Yakutsk Poultry Farm chose clean-and-green Capstone microturbines for their distributed combined heat and power (CHP) energy solution.
Capstone microturbines can achieve efficiency levels over 80 percent in cogeneration applications. The low-maintenance microturbines increase reliability and provide a significant decrease in primary energy costs by allowing the farm to break free from the costly local utility and achieve energy independence. Fueled by high-pressure natural gas, the new plant consists of ten C65 microturbines with two hot water boilers. The microturbines and boilers produce 650kW of electricity and 2,150kW of thermal energy, respectively. The plant fully supports the farm's power needs for lighting, water troughs and other electrical equipment, as well as thermal energy for heating and hot water production.
"There are a substantial number of microturbines operating in Yakutia today," said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. "Capstone is pleased with the growth pattern in the region as BPC Engineering continues to diversify its business both geographically and in multiple market verticals," added Crouse.
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 Turbine has shipped approximately 8,000 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine 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 9001:2008 and ISO 14001:2004 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York Metro Area, United Kingdom, Mexico City, Shanghai and Singapore.
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This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the use of our products in Russia and the growth of the Russian market. 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.
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