CHATSWORTH, Calif., Sep 20, 2011 (GlobeNewswire via COMTEX) — Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean-technology manufacturer of microturbine energy systems, announced today that microturbines are now eligible for California’s Self Generation Incentive Program (SGIP), an incentive program designed to promote the deployment of distributed generation technologies that reduce greenhouse gases.

news_Sempra-NewMexicoUnder the program, which was modified by a California Public Utilities Commission decision published on September 16, microturbines used in renewable projects are eligible for up to $3,000 per kilowatt. Natural gas-fired microturbines used in combined heat and power (CHP) systems are eligible for up to $600 per kilowatt. Incentives will be paid fifty percent initially with the balance paid over a 5-year period.

Capstone products are eligible for an additional premium of 20% as California manufactured products, thanks to a provision of the legislation (California Senate Bill 412) that ushered in the changes to SGIP.

Natural gas powered systems will need to demonstrate greenhouse gas reductions over a 10 year period. The Public Utilities Commission requires a strict and ongoing monitoring, measuring and verification process in order to prove emissions performance. Not all Capstone natural gas CHP systems will be able to qualify for the program.

Additionally, waste heat generators are also eligible for incentives under the SGIP, qualifying for up to $1,250 per kilowatt. Capstone is the exclusive Original Equipment Manufacturer (“OEM”) partner with General Electric to sell the zero emission Clean Cycle waste heat recovery generator for all microturbine applications and for landfill applications below 500 kilowatts.

The SGIP will now require projects to have a 10-year factory warranty in place in order to be eligible for incentives. Capstone’s Factory Protection Plan allows customers to fix their maintenance costs over a customized time frame and provide optimal performance over the life of the system.

“Capstone is very pleased to see its products included in this valuable incentive program,” said Jim Crouse, Executive Vice President of Sales and Marketing. “Capstone products are a valuable tool in the fight against both climate change and air pollution.”

“Microturbine projects in California have favorable economics without incentives,” said Steve Acevedo, President of Regatta Energy Solutions, Capstone’s Southern California distributor. “However, some customers were waiting for clarity from the state in order to proceed with their projects, and now they can move forward.”

In addition to the decision, the California Legislature passed Assembly Bill 1150 on September 10, allowing SGIP money to be raised for an additional three years through 2014. The program collects $83 million annually from ratepayers through their electricity bills, with the average cost to the ratepayer of less than $5 per year. The SGIP will operate until 2016.

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 over 6,000 Capstone MicroTurbine(R) 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, Mexico City, Nottingham, 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 increased sales of our products under the incentive program, the advantages of our products and their use with the General Electric Clean Cycle package. 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.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Capstone Turbine Corporation

CHATSWORTH, Calif., Sep 14, 2011 (GlobeNewswire via COMTEX) —

Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean-technology manufacturer of microturbine energy systems, today announced Tatarstan President Rustam Minnikhanov declared Tatarstan’s oil companies and specifically Tatneft will be deploying Capstone microturbines and Capstone Organic Rankin Cycle (ORC) machines for associated gas to energy projects.

Tatarstan is one of the most economically developed regions of Russia. The republic is highly industrialized, and ranks second only to Samara Oblast in terms of industrial production per square kilometer. The region’s main source of wealth is oil as Tatarstan produces 32 million tons of crude oil per year and has estimated oil reserves of more than 1 billion tons. Industrial production constitutes 45% of the Republic’s gross regional domestic product.

“Tatarstan’s oil companies are interested in using microturbine power plants and ORC’s for operation on associated gas,” stated President of Tatarstan Rustam Minnikhanov in a recent meeting with management of BPC Engineering and Capstone Turbine. The meeting was attended by the President of BPC Group Anatoly Loginov, Alexander Skorokhodov, President of BPC Engineering, President and Chief Executive Officer of Capstone, Darren Jamison and Capstone Vice President of Sales and Marketing Jim Crouse. The meeting was held at the headquarters of Tatneft which is a Russian vertically-integrated oil and gas company with headquarters in the city of Almetyevsk, in the Republic of Tatarstan. Tatneft is the sixth largest oil company in Russia and employs more than 70,000 people across Russia.

While welcoming the business leaders, Minnikhanov expressed interest in using microturbines as part of the overall strategy turning associated gas into energy as opposed to the current practice of flaring. “Tatarstan has to be a leader in this technology and promote Capstone products to other oil-producing regions of the Russian Federation,” added President Minnikhanov.

Minnikhanov emphasized that the utilization of associated gas has a number of difficulties with internal combustion engines. In this connection, the solution proposed by Capstone – microturbine air bearing – is very important. In this case, according to R. Minnikhanov, microturbine power plants can be used not only for utilization of associated gas, but also as sources of energy to remote communities.

A representative of the Institute “TatNIPIneft” reported that four projects in “Tatoylgaz” are already operating utilizing Capstone microturbines. He also gave estimates of possible microturbine use in Tatarstan. Tatneft and other small oil companies in Tatarstan in the long term could use up to 20MW.

“BPC Engineering engineered, installed the first C30 on associated gas in a Tatneft oil field almost four years ago and recently received orders for three C65’s and a C600 in the same field,” stated Darren Jamison, Capstone’s President and Chief Executive Officer. “It was great to meet with President Minnikhanov and get his commitment and support of Capstone’s innovative technology,” added Jamison.

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 over 5,000 Capstone MicroTurbine(R) 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, Mexico City, Nottingham, Shanghai and Singapore.

CHATSWORTH, Calif., Sep 12, 2011 (GlobeNewswire via COMTEX) —   Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, recently secured an order for sixteen C65 and C30 microturbines that will be installed in combined heat and power (CHP) systems at facilities along the Berkakit-Tommot-Yakutsk railway in Russia.

The Federal Agency for Railway Transport in Russia purchased the Capstone microturbines to provide round the clock reliable power for six railway junctions, two stations along the rail line and the track’s switching and signaling at each juncture. In addition to electricity, the system will provide heat for each facility.

Capstone distributor BPC Engineering secured the order from the Agency for Railway Transport and will supply the clean-and-green microturbines and heat recovery modules, provide project supervision and pre-commission the highly efficient CHP systems. This is the second order BPC has secured for a Russian railway in less than eight months.

The Agency has strict requirements to ensure reliability of power supplies for railway infrastructure across Russia, especially facilities such as these located in harsh climates with no utility grid power or gas transportation systems nearby.

Each diesel-fueled CHP power system, expected to be installed in the spring of 2012, will feature a Capstone C65 (65-kilowatt) microturbine, a heat recovery module, and Capstone C30 (30-kilowatt) microturbine that will be available for backup power if needed.

The 800 km Berkakit-Tommot-Yakutsk railway is crucial for the development of Russia’s Far East Region, since it will reduce the region’s dependence on imports; increase availability of equipment, industrial, and food products; and end the region’s transportation isolation.

“A study revealed that a network of distributed diesel-power stations using microturbine technology is ideal in meeting the small-scale power needs of railway junctions and stations,” said Alexander Skorokhodov, BPC Engineering CEO. “The agency selected Capstone microturbines because they are highly reliable with durable air bearings that eliminate the need for oil, coolants, and frequent service visits. They also are pleased with Capstone’s control features that allow operators to remotely control the microturbines located in very remote and harsh environments.”

“During my recent trip to Russia I toured the Russian Far East Region to meet with key federal officials, including the Minister of Economic Development, Minister of Federal Affairs and Minster of Housing and Energy. It was clear that Capstone’s products are ideally suited to provide the reliable, easy to operate, and low-cost power sources the region needs for its railway, telecommunication, industrial and oil and gas infrastructure development,” stated Darren Jamison, Capstone’s President and Chief Executive Officer. “At Capstone we understand the criticality for reliable non-stop power for remote infrastructure with around the clock stand-alone power requirements in extremely challenging environments like the Russian Far East Region. During the trip with BPC I also toured several of our existing stand-alone sites in the area, including a 3.8MW basalt rock wool plant, a 2.0MW concrete plant and a 500kW installation at a shopping mall,” added Jamison.

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 over 5,000 Capstone MicroTurbine(R) 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, Mexico City, Nottingham, Shanghai and Singapore.