CHATSWORTH, Calif., Sept. 9, 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 four C1000 microturbines for a major Australian manufacturer. Optimal Group, Capstone’s Australian distributor, secured the order for the 4MW facility, which is scheduled to be commissioned in early 2016.
The four natural-gas-fueled 1MW microturbines will be installed in dual mode, which will allow the customer to operate independently of the grid or with the grid in a load sharing capacity. The microturbines will provide lower emission power and increased reliability to their manufacturing process. Capstone microturbines were chosen for their redundancy and suitability for further expansion. Other technologies cannot compete with Capstone’s speed of delivery and time to commissioning.
“Australia stands at the edge of a boom in manufacturing as major trading partners like China look to Australia for premium products,” said Craig Dugan, Chief Executive Officer at Optimal Group. “This fuels a lot of interest in the type of clean and reliable distributed power generation only Capstone can provide,” added Dugan.
Australia’s free trade agreement with China is expected to be in place by the end of the year, and the deal will make Australian products much more affordable there.
“Australia will grow significantly this year and help offset the slowdown in business we’ve received in Russia,” said Darren Jamison, President and Chief Executive Officer at Capstone Turbine. “Capstone has already matched the number of MW sold to Australia from last fiscal year, and we are excited to see our Australian distributor’s continued success within their market,” added Jamison.