CHATSWORTH, Calif., Sept. 20, 2017 (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 C600 Signature Series microturbine to provide renewable power for a wastewater treatment plant in Tuscany, Italy.
IBT Group, Capstone’s Italian distributor, secured the order, which is estimated to be commissioned in early 2018. Capstone microturbines were selected because of their eligibility to receive incentive funding made available for Italian municipalities, as well as their ability to reliably reduce energy costs while producing ultra-low emissions.
“This is the first installation of Capstone’s new, smaller footprint, C600 Signature Series microturbine in Italy,” said Ilario Vigani, IBT Group’s Chief Executive Officer. “Biogas production through the organic fraction of municipal solid waste is an increasing market in Italy, driven by the great work municipalities are doing in terms of differentiated waste collection. Capstone’s clean technology is the perfect solution for sustainable onsite power production.”
The C600 Signature Series microturbine fueled by digester gas will be installed in grid connect mode, which enables the customer to operate with the utility grid in a load sharing capacity. The wastewater treatment plant will produce a considerable amount of biogas on a consistent basis by using a digester to process the wet organic fraction coming from the nearby city of Viareggio. The microturbine energy system will take this renewable fuel and provide prime power to the plant, ensuring complete management of the differentiated waste cycle.
“It's exciting to penetrate another new geography with our flagship Signature Series product and particularly encouraging to see the recent upturn in project opportunities start to translate into new orders from Europe,” said Darren Jamison, Capstone’s President and Chief Executive Officer.
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 has shipped over 9,000 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone 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 9001:2015 and ISO 14001:2015 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the United States, Latin America, Europe, Middle East and Asia.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of our Signature Series product offerings, penetration of new geographic territories, and the increase in additional project opportunities. 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.
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