CHATSWORTH, Calif., May 20, 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 it received an order for a C1000 microturbine to upgrade an established solid waste treatment center in Tampere, Finland.
Sarlin Oy Ab, Capstone's distributor for Finland, Latvia, Estonia, and Lithuania, secured the order, which is expected to be commissioned in early 2016. The turn-key project serves as the second major order for Sarlin Oy Ab within the last month.
Fueled by landfill biogas collected from two stations on-site, the C1000 microturbine will be installed in a combined heat and power (CHP) application along with a 1400kW exhaust heat exchanger, booster, and automation and gas treatment systems. The innovative "green waste" energy system will convert organic solid waste into clean, renewable energy for the waste treatment facility. In addition, the exhaust from the microturbine will be captured to provide thermal heat at the highest efficiency possible.
Capstone microturbines were chosen for their extremely low emissions, low maintenance, modular design, and ease of use. Without any need for oil, lubricants, or coolants, the cogeneration system will align with the company's environmental policy for waste prevention by improving waste recovery and recycling it to produce reliable on-site power.
According to the 2013 renewable energy progress report by the European Commission of Energy, Finland is on target to meet its renewable energy source (RES) target of 38 percent by 2020, which is in compliance with the EU Renewable Energy Directive.
"Finland is on target to meet its renewable energy source (RES) target of 38 percent by 2020," said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. "The progress being made in the global renewable energy market is indicative of a shift to renewable power production, and we are proud to be at the forefront of this movement," 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 and progress in the global renewable energy market. 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.
The Capstone Turbine Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of our products. 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.
"Capstone" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.