Capstone Turbine (NASDAQ:CPST) Continues Market Penetration in Mexico With C600 Signature Series Microturbine Order
March 17, 2021 at 08:00 AM EDT
Order Increases Capstone's Mexican Fleet to Over 46 Megawatts (MW)
VAN NUYS, CA / ACCESSWIRE / March 17, 2021 / Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST), the world's leading manufacturer of clean technology microturbine energy systems, announced today that it has received an order for a five-bay C600 Signature Series microturbine to be installed in a combined heat and power (CHP) application for an industrial customer in Mexico. The order, secured by DTC Ecoenergía (www.dtc.mx), Capstone's exclusive distributor for Mexico, increases Capstone's Mexican fleet to over 46 Megawatts (MW).
According to the Energy Information Administration (EIA), Mexico's population is expected to grow to more than 150 million in 2050 from 125 million today. This, together with productivity improvements, is expected to drive economic growth. As a result, energy demand is predicted to increase significantly. Power generation from renewable sources is anticipated to grow thanks in part to targets and support for clean energy solutions.
"Back in 2012, Mexico became the first, large, oil-producing emerging economy to adopt climate legislation with common-sense goal setting," said Darren Jamison, President and Chief Executive Officer. "An additional 2018 decree brought Mexico's domestic emission reduction targets in line with the Paris Agreement on climate change, which at that time put it ahead of the U.S. on climate change initiatives. However, the new Biden administration recently signed an executive order to rejoin the U.S. into the Paris climate accord, his first major action to tackle global warming," added Mr. Jamison.
A five-bay Capstone C600S package will provide 24/7 reliable and continuous electrical power and thermal energy for the customer. Capstone's scalable on-site energy efficiency systems are engineered to meet the large electrical and thermal demand requirements of industrial manufacturers, delivering energy independence with higher operational efficiency than the local utility grid.
"DTC Ecoenergía is experiencing tremendous growth with the sale of Capstone energy efficiency systems in the manufacturing sector," said Alejandro Muñoz, President of DTC Ecoenergía. "Despite the disruptions we faced during the COVID-19 pandemic, the Mexican-based manufacturing industry looks poised for growth in the months to come," concluded Mr. Muñoz.
Environmentally-conscious industrial leaders throughout Mexico have partnered with DTC on over 100 projects and capitalized on Capstone's efficient microturbine technology for a variety of solutions and applications. Capstone-powered CHP solutions not only allow customers to quickly realize the benefits of Capstone's highly reliable, low-emission technology but also lower their energy costs while ensuring minimal downtime and production losses.
One of the core challenges faced by the manufacturing industry is the implementation of highly-reliable energy solutions for their facilities that not only reduce operational costs and increase reliability but also support sustainability goals. Utilizing the heat by-product from a microturbine allows operators to reduce emissions and save added costs that would otherwise be required to produce heat or steam in a separate unit. While traditional electricity from the grid with coal and gas-fired plants produce power at 33% efficiency, Capstone CHP systems can reach efficiencies of more than 80%.
About Capstone Turbine Corporation
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: email@example.com. To date, Capstone has shipped nearly 10,000 units to 83 countries and in FY20, saved customers an estimated $219 million in annual energy costs and 368,000 tons of carbon.
Cautionary Note Regarding Forward-Looking Statements
"Capstone" and "Capstone Microturbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
SOURCE: Capstone Turbine Corporation
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