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Regatta Solutions and Capstone Applaud the American Microturbine Manufacturing and Clean Energy Deployment Act – H.R. 4428

House of representatives, American Microturbine Manufacturing and Clean Energy Deployment Act - H.R. 4428

CHATSWORTH, Calif., April 11, 2014 (GLOBE NEWSWIRE) — Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, applauds the introduction of the American Microturbine Manufacturing and Clean Energy Deployment Act H.R. 4428 in the House of Representatives by Congresswoman Linda Sanchez (CA-39).

“I’m proud to sponsor legislation that builds on the great American tradition of innovation and manufacturing. It promotes investment in the clean energy economy and will help our country create new high-paying jobs,” said Congresswoman Sanchez. “It also protects our communities by reducing air pollution and greenhouse emissions. Microturbine technology is an efficient thermal energy and clean electrical power source, and it’s about time for it to join solar power and wind power in the national conversation for clean energy solutions.”

The American Microturbine Manufacturing and Clean Energy Deployment Act would provide a 30% investment tax credit for microturbines, providing parity with tax incentives offered to fuel cells and renewable technologies. Microturbines are highly efficient engines with low emissions that supply clean, distributed, uninterrupted power. Unlike traditional reciprocating engines, Capstone microturbines use an air bearing, eliminating the need for lubricants or coolants. Microturbines can help improve the resiliency of critical facilities in the case of grid failure. Overall energy efficiency of microturbines can reach 90%, surpassing many traditional power generation options. Capstone recently received a certificate from the US Environmental Protection Agency Combined Heatand Power Partnership recognizing the role Capstone’s microturbine technology has had in removing more than 3 million metric tons of carbon dioxide with cogeneration projects alone. This award further highlights and quantifies the clean and green impact of Capstone microturbines.

H.R. 4428 promotes investment in clean energy while simultaneously helping create American jobs. Microturbine technology was invented in the United States where the overwhelming majority of the world’s microturbines are manufactured today. By advancing smart tax policy and regulations to help businesses expand and grow, H.R. 4428 would enable American microturbine producers to triple their domestic manufacturing. The bill will also eliminate the project size restriction placed on microturbines in the current tax code, opening the door to larger deployment opportunities.

“Capstone is the world’s leading manufacturer of clean microturbine energy systems. We are proud to have the sponsorship of Congresswoman Sanchez in her continued support of American manufacturing, clean energy, and energy efficiency,” said Darren Jamison, President and CEO of Capstone Turbine Corporation. “With the greater majority of microturbines being manufactured in the United States, H.R. 4428 will help grow the domestic market for microturbines. If this bill is successful, a greater number of American businesses will achieve energy independence with high efficiency, driving down operating costs and helping make their core business more competitive.”

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 approximately 7,000 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, Shanghaiand 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 effects of the American Microturbine Manufacturing and Clean Energy Deployment Act on our business. 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.

CONTACT: Capstone Turbine Corporation
         Investor and investment media inquiries:
         818-407-3628
         ir@capstoneturbine.com

 

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California Wine Maker Vineyard 29 Crushing Waste Heat with Capstone Microturbines: New Case Study

Take a look at our new Case Study highlighting California wine maker Vineyard 29, located in St Helena California.

chuck mc minn, vineyard 29, trigeneration, st helena, back up power, secure power, capstone, regatta solutions, cogeneration, sustainable wineries, sustainable manufacturing, green designThis Study features owner Chuck McMinn,  giving a virtual tour of his winery and the innovative process of wine making at Vineyard 29.

Employing secure power through trigenration utilizing Capstone Microtubines allowed this facility to ensure back-up power during the ‘crush’ time of processing. Crush time power outages are unpredictable and can have a costly impact on production.

This wine maker is blazing a trail of energy efficiency and secure power that is sure to lead a trend amongst the plethora of wine makers in the region. Read full case study here.

For more information about implementing secure power at your winery or manufacturing facility, please contact us for a free energy evaluation here.

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Los Angeles Health Care Facilities to Implement Clean and Green Energy Production with Capstone CHP technology.

Los Angeles Health Care Facilities to Implement Clean and Green Energy Production with Capstone CHP technology.

Regatta Solutions’ secures an order for CHP Smart Power Solutions in two hospital facilities.

 

Mission Hills, California: Providence Holy Cross medical Center in Mission Hills steps up as a leader, setting an example by implementing smart microturbine technology in an effort to create a health care, sustainable hospital design, green energy, clean energy, CHPmore sustainable operation within their facility.

Two Capstone C800 Natural Gas fueled microturbines will be installed and used in a CHP (Combined Heat and Power) application to offset the facility’s electric base load in addition to providing steam and hot water, boosting their overall site efficiency.  “The Capstone micro- turbine opportunity that Regatta Solutions developed for our Providence Holy Cross Medical Center in Mission Hills, CA  hits the sweet spot of our energy management program:  it lowers operating costs, reduces impacts on community services, and contributes substantially to the Southland’s clean air goals”, said Richard Beam, System Director of Energy Management Services at Providence Health & Services.  Capstone Microturbines do not require lubricants or coolants and have few maintenance intervals, providing the hospital with low fixed operating costs.  In addition to low maintenance of equipment and broad range of benefits, Providence Holy Cross was also able to take advantage of California’s SGIP (Self-Generation Incentive Program), which provides incentives to support existing, new, and emerging distributed energy resources.

 

At a separate hospital location in Southern California, Regatta Solutions’ secured an order for a Capstone C1000 natural gas microturbine. This hospital location will be utilizing a CCHP (Combined Cooling Heat and Power) application, offsetting the electric base load while also utilizing the exhaust heat to provide absorption chilling.  This configuration in concert with California’s SGIP incentive reduced the payback period, creating a triple bottom line impact for environmental, social and economic benefits. “Healthcare facilities, such as Hospitals, operate 24 hours per day with continuous demands for electricity as well as hot water, steam, or chilling needs.  MicroTurbine technology makes good sense for facilities managers looking for equipment with low maintenance, high availability, and low emissions characteristics to address their energy needs”, said Mark Gilbreth, CTO at Regatta Solutions. This project qualified for over $500,000 in SGIP incentives, adding to the benefits associated with energy efficient turbine technology.

 

Regatta Solutions has established itself as a premier infrastructure consulting company providing client’s subject matter expertise and delivering environmentally friendly solutions related to distributed power generation.

Regatta Solutions Inc. is a Premier Capstone Distributor covering California, Oregon, Washington and Hawaii. Regatta’s professional services and product applications use proven methodologies to deliver efficiency and positively impact our customer’s bottom line.

Using Capstone Microturbine technology as a prime mover, Regatta Solutions provides cost effective environmental friendly energy solutions for prime power, secure power, peak shaving and stand-by energy requirements.

 

For questions, or to find out how your health care facility might benefit from microturbine technology,  please contact sales@regattasp.com for a free sample pay-back analysis.

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USA EPA Awards Emission Reduction Certificate to Capstone for Reducing 3,060,000 Metric Tons of Carbon Dioxide.

Capstone Turbine Receives 2013 Emissions Reduction Certificate From the US EPA Combined Heat and Power Partnership
CHATSWORTH, Calif., March 20, 2014 (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 recently received an emissions reduction certificate from the U.S. Environmental Protection Agency Combined Heat and Power EPA, CHP, Emission Reduction, Energy compliance, green house Gas, alternative energy, green energy, power generation, grid, independent, energy solutions regatta solutions,Partnership.Capstone Turbine, through its U.S. distribution partners, has installed 471 combined heat and power, or CHP, systems that have avoided an estimated 3,060,000 metric tons of carbon dioxide, compared to conventional energy sources. CHP is the simultaneous generation of electricity and useful heat. In 2013 alone, Capstone’s customers avoided emissions of more than 298,000 metric tons, equal to those from the generation of electricity used annually by 40,955 homes. CHP applications can achieve overall efficiencies in excess of 80%, which is far better than the electrical efficiency of the national utility grid.In August 2012, the President issued an Executive Order calling for an acceleration of investment in industrial energy efficiency, specifically CHP. The government called for 40 gigawatts of CHP to be installed by 2020, recognizing the need to promote energy independence via distributed generation to reduce the reliance on the national grid. Meeting this goal would save American businesses $10 billion each year and also reduce emissions equivalent to taking 25 million cars off the road.

“Capstone customers can be greener, produce power at a lower cost than the grid, and achieve energy independence with CHP, making it the clear choice moving forward,” said Jim Crouse, Capstone Executive Vice President of Sales and Marketing.

“Capstone is proud to be awarded a 2013 Certificate of Avoided GHG Emissions by the EPA Combined Heat and Power Partnership,” said Darren Jamison, Capstone President and Chief Executive Officer. “This certificate is awarded in recognition of Capstone’s achievement in reducing carbon pollution with CHP projects. Capstone remains committed to being a leader in the combined heat and power industry as the world moves towards more efficient and lower emission power generation methods to meet the growing demand for energy,” Jamison added.

View the EPA certificate: http://www.capstoneturbine.com/news/mediaeventsdetail.asp?id=44

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 approximately 7,000 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, Shanghaiand 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 CHP applications. 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.

CONTACT: Capstone Turbine Corporation
         Investor and investment media inquiries:
         818-407-3628
         ir@capstoneturbine.com
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Water, Food, Transportation: Where Green Tech Investments Will Go In 2013

FDS regatta solutions green investing
By: Ucilia Wang, Contributor for Forbes.com

Global green tech investments tumbled in 2012, but a few sectors, such as water and agriculture, attracted a greater interest from investors than the year before, according to market data released by the Cleantech Group on Thursday.

Venture capital investments totaled $6.45 billion worldwide last year, down 33% from 2011. Solar deals accounted for only 11.8% of the investments in 2012, compared with 60% in 2011. It’s not surprising to see this big change in investor attitude. The 2011 bankruptcy of Solyndra, which had raised over $1 billion in private capital, highlighted the reality that solar investments over the previous half a dozen years had yet to make money for many investors. Plus, the big imbalance of supply and demand for solar panels over the past two years prompted factory closures and bankruptcies, and many more manufacturers are sure to disappear over the next three years.

Biofuel and green chemical companies drew 14.8% of the investments in 2012, while transportation took in 14.4% and energy efficiency accounted for 14.1%. Most of the sectors tracked by the Cleantech Group saw fewer deals in 2012 than in 2011. Only three sectors saw an increase in the deal count: biofuel, water/wastewater and agriculture/forestry. Investors are warming up to technology that promises to produce healthier crop efficiently and promote local consumption, given the challenge of managing the existing land, water and other resources to feed a growing population worldwide.

“The world of agriculture hasn’t benefited from the IT revolution, and there is a whole host of companies that are making ag more efficient, healthier, more local and better eating,” said Sheeraz Haji, CEO of Cleantech Group, during a conference call with reporters Thursday.

The inclusion of food production also points to a broadening of the definition of green tech, which in the past referred more narrowly to technologies such as those for renewable electricity and biofuel production, electric car development and new materials and services that help consumers and businesses use energy more efficiently.

A new crop of startups that use sensors, the web and mobile apps in order to offer rentals of cars, scooters and private residences also have become part of the green tech world. These companies promote a more efficient use of resources by, say, renting out people’s cars that would otherwise go unused for hours during the day. Those who rent the cars, in turn, wouldn’t need to buy their own.

For 2013, Haji expects to see strong investor interest in five areas:

1. Water: The price of water is set to go up. Businesses are paying more attention to whether they us water efficiently and how much they pay for: T it.

2. Clean web: Software and data analysis — coupled with the use of mobile apps — will nurture new ways to manage resources, from electricity to transportation. Renting out cars and homes falls in this category. Haji called out Streetline, a startup whose sensors and software help drivers find parking spots.

3. Oil and gas: Yes, the fossil fuel industry isn’t going away soon, and it’s keenly interested in managing its operations, such as its water and electricity consumption, more efficiently. In fact, some solar technology companies are finding customers in oil companies that need cheaper steam for get more oil out of their wells.

4. Waste-to-energy: Turning garbage or agricultural wastes into products such as electricity, transportation fuels and industrial sugar (for making plastic), already has attracted a good amount of venture capital. Trash collection giant Waste Management has invested in many companies in this space.

5. Agriculture and food: Using technology to improve farming is getting a lot of investor interest partly because of the growing, worldwide demand for food and because crop production hasn’t been a fertile ground for tech innovation. Using sensors to check soil and nutrient levels and software to analyze those data are examples of how technology could help.

source: Forbes.com Greentech