It was announced today that the 10% federal Investment Tax Credit (ITC) was extended in the bi-partisan budget through the end of 2021 for microturbines and combined heat and power (CHP) projects.

The credit will continue to apply to purchases of Capstone’s ultra-low emission and high-reliability microturbine systems. The final two years (2020 and 2021) of the ITC for all included technologies will contain a phase-out period. In year three of the extension, the ITC will drop to 8% and down to 6% in the final year.

Capstone personnel worked diligently in partnership with the Natural Gas Association, Combined Heat and Power Association, and other CHP industry members in support of this important new legislation as a means to accelerate the widespread adoption of CHP and microturbine technology.

Microturbines are highly efficient energy systems with low emissions that supply clean, distributed, and resilient power. Microturbine technology was invented in the United States, where the overwhelming majority of this technology continues to be produced today. The federal ITC has accelerated the deployment of microturbine technology and is an important signal to the microturbine manufacturing industry to continue investing in research and development and expanding its U.S. hiring and manufacturing base.

Additionally, the ITC has supported growth in CHP deployment with 870 megawatts in new installations in the U.S. in 2012 alone and reached an overall U.S. CHP capacity of 82.6 gigawatts. Allowing for the effective continued use of the ITC is a critical step toward supporting this growth and enhancing manufacturer competitiveness in the market.

“The extension of the 10% federal income tax credit will help improve the economics of many of our end-use customers CHP and CCHP projects and is another key component to help drive accelerated revenue growth in addition to the weakening U.S. dollar and higher crude oil prices,” said Darren Jamison, President and Chief Executive Officer of Capstone. “We will work with our U.S. based distribution partners to immediately rerun the economics on all pending CHP projects to show customers the new tax impact on their project,” added Mr. Jamison.

The Regatta Solutions team along with a number of Clients met with California Assemblyman Adrin Nazarian this last Friday at Capstone Turbine’s facility.  Leading the meeting was Capstone’s CEO Darren Jaminson.  We all were there to collectively support the legislative efforts of Assmblyman Nazarian with Assembly Bill 36 (AB36).

Capstone-Adrin-Nazarian

AB 36 is critical to furthering California’s pursuit of a clean energy future and ensuring that all advanced distributed generation (DG) technologies capable of meeting the state’s stringent environmental standards are allowed to compete on a level playing field.

Regatta Solutions and Capstone Turbine support the California Clean Distributed Energy Coalition.  This coalition is highly supportive of public policies that promote clean energy and technological innovation and we are committed to assisting California in the pursuit of its ambitious clean energy goals.  California’s overall energy demand is expected to double by 2050 concurrent with substantial increases in renewable energy penetration.  This rapid growth reinforces the importance of deploying affordable, innovative and clean energy generation technologies capable of facilitating renewables integration while maintaining reliability.  The DG technologies that Capstone Turbine manufactures provide affordable, clean, and resilient onsite power on par with the highest performing fuel cells on the market and may be particularly valuable in California, where energy costs are extremely high.  We are part of the broader clean energy solution and are ready to be deployed now to meet the state’s growing demand while providing critical environmental, economic and social benefits.

capstone-auth-distr

CHATSWORTH, Calif., Nov. 03, 2016 (GLOBE NEWSWIRE) — Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, announced today that its California distributor received an order for a C800 Signature Series microturbine to upgrade a large pharmaceutical company in Northern California.

Regatta Solutions, Capstone’s distributor in California, secured the order, which is expected to be commissioned in December 2016. The customer selected Capstone microturbines over reciprocating engines due to their ability to provide 24/7 secure power while also meeting strict Bay Area Air Quality Management District (BAAQMD) Best Available Control Technology (BACT) emissions levels, which allow the system to operate continuously and not just as a backup power source.

The natural gas-fueled C800S microturbine will be installed in dual mode to provide both prime and secure back up power for the facility. The electricity-only configuration will also mitigate first and second order power security threats, whether it be a utility grid failure or cut in fuel supply. Once installed, the microturbine energy system is expected to significantly reduce operating costs while also protecting highly sensitive manufacturing process loads. Additionally, the customer intends to expand their utilization of the microturbine by adding heat recovery equipment in 2017.

“We are seeing a growing number of companies that have created a multi-dimensional strategy to reduce greenhouse gas emissions while delivering smarter, more resilient electric power to their enterprises,” said Steven Acevedo, President and CEO of Regatta Solutions. “Large, highly technical manufacturing processes will continue to look for operational cost savings while complying with environmental regulation and maintaining secure power to their facilities. Capstone’s technology has the ability to do all three of these things,” added Mr. Acevedo.

“Pharmaceutical companies require a steady and reliable source of energy to develop their products as efficiently as possible and Capstone is dedicated to helping these businesses achieve high energy availability and operational efficiency while working toward their goals for long-term sustainability,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing.

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 approximately 8,800 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, China and Singapore.

This press release contains “forward-looking statements,” as that term is used in the federal securities laws, about further expansion into CHP applications, the advantages of our CHP applications, and their ability to provide secure power, reduce operating costs, protect sensitive manufacturing process loads, and meet emission levels. 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.

View Full Article Here: Capstone-C800S-Microturbine-to-Power-Large-Pharmaceutical-Company-in-California

Oil-and-Gas_Offshore_Rig_flareCHATSWORTH, Calif., Aug. 10, 2016 (GLOBE NEWSWIRE) — Capstone Turbine Corporation (www.capstoneturbine.com) the world’s leading clean technology manufacturer of microturbine energy systems, announced today that it recently received an order for a C1000 Signature Series microturbine and a C600 Signature Series microturbine for an oil and gas platform off the coast of California.

Regatta Solutions, Capstone’s distributor in California, secured the order, which is expected to be commissioned in December 2016. The customer chose Capstone microturbines for their price performance, proven reliability and experience in difficult offshore platform environments. Capstone microturbines also meet the local South Coast Air Quality Management District (AQMD) Best Available Control Technology (BACT) emissions level requirements, which helps to streamline the air emissions permitting process.

“This order is reflective of the efficiency optimization initiatives we are starting to see from our oil and gas clients who are focused on reducing their operations costs while simultaneously protecting the environment,” said Steven Acevedo, President and Chief Executive Officer of Regatta Solutions.

The associated gas-fueled C1000S and C600S microturbines will be installed in a combined heat and power (CHP) application and operate using the onsite associated gas stream to relieve the flaring requirement for the platform. Hot water, produced from the microturbine exhaust, will provide heating for the production process to reduce additional energy needs. The microturbines will provide power to site loads, lowering operating costs for the end customer.

“Despite the prolonged two-year slump in the energy industry, oil and gas producers are starting to look for creative ways to reduce their operational costs and meet increasingly stringent flaring requirements, which is positive for our business,” said Darren Jamison, President and Chief Executive Officer at Capstone. “Capstone is able to leverage its demonstrated success in the oil and gas market and deliver low-cost, highly reliable energy solutions to oil and gas operations around the world,” added Mr. 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 has shipped approximately 8,800 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 9001:2008 and ISO 14001:2004 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, China and Singapore.

May 17, 2016 02:47 PM Eastern Daylight Time

sierra-nevada-palealeLOS ANGELES–(BUSINESS WIRE)–Two California breweries have recently commissioned Regatta Solutions to install Capstone microturbines as a way to achieve their energy efficiency and carbon reduction goals. The microturbines will positively impact these businesses’ bottom line by generating electrical and thermal energy on site.

Combined Heat and Power (CHP), or cogeneration, allows the exhaust heat from the microturbines to be converted via heat exchangers into hot water or steam for the brewing process.

Sierra Nevada Brewing Co., located in Chico, California, has installed the microturbines as part of a broader effort to reduce their dependence on the local electric grid while maximizing the efficiency of their current systems. With 2MW of installed solar, the microturbines complement this existing on site electrical generation. With multiple sources of on site generation, Sierra Nevada is now operating as a microgrid.

Regatta Solutions’ President and CEO, Steve Acevedo, believes that microgrids are essential for facilities that care about resiliency and want control over both how they use energy and how that energy is made in the first place. “In the not too distant future, more and more companies will be looking for innovative ways to integrate multiple sources of energy to create secure, resilient microgrids,” said Steve Acevedo. “As an energy solutions company, we are helping to lead the way by installing systems that can easily be integrated with other technologies,” he added.

The 2MW Capstone microturbine system is fueled by Low Pressure Natural Gas (LPNG) and replaced aging fuel cells that were previously installed at the property. The system provides steam to the brewery process via two Steam Generators.

“We believe in doing everything we can to minimize our impact on the environment and our local community,” said Cheri Chastain, Sustainability Manager for Sierra Nevada. “We are continuously evaluating how we can make things more efficient, reduce operating expenses, and utilize our resources to their fullest potential. A CHP system made the most sense for us and Capstone microturbines were the best fit for our brewery.”

In Los Angeles, a second brewery has also recently purchased a 200kW Capstone microturbine. The microturbine technology aligned with the brewery’s initiatives surrounding energy consumption and will significantly lower electricity costs while also mitigating against continually increasing electric utility rates.

The Capstone microturbine technology is increasingly being used by forward thinking breweries who understand that the next several years will see massive shifts in the way utilities operate, significantly so in CA. From changing Time of Use rate schedules to increasing demand charges, these changes disproportionately impact energy intensive industries like breweries.

About Regatta Solutions, Inc. www.regattasp.com

Regatta Solutions enables success for a cleaner tomorrow. As the exclusive Capstone Distributor covering California, Oregon, Washington and Nevada, the company provides innovative solutions for data centers, hospitality, manufacturing, healthcare, food and beverage production, property management, landfills, digesters, waste water treatment, and utilities.

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 9,000 Capstone microturbine systems to customers worldwide. 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, Shanghai and Singapore.

CHATSWORTH, Calif., Sept. 11, 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 a C1000 dual mode Power Package to provide thermal and electrical power at a top-ranked, private Christian college in central Pennsylvania.

E-Finity Distributed Generation, Capstone’s distributor for the Mid-Atlantic and Southeastern United States, secured the order, which is expected to be commissioned in summer 2016.

After switching to natural gas due to recent propane shortages in the area, the college needed a clean energy solution that would provide year-round electrical power to the campus center, and heating and cooling to various other campus buildings. Capstone microturbines were chosen for their fuel flexibility, low emissions and quiet operation. The on-site microturbine power plant is part of a long-term clean energy project to help the college reduce its carbon footprint and meet its sustainability initiatives.

The natural gas-fueled C1000 Power Package will be installed in a combined cooling, heat and power (CCHP) application to produce electrical power as well as hot and chilled water. The turbine will operate in dual mode, which allows the customer to operate independently of the grid or with the grid in a load sharing capacity. With energy efficiency levels approaching 80 percent, the college will soon benefit from having lower operating expenses, minimal system maintenance and backup power capabilities.

“We are extremely pleased every time one of our microturbines is delivered to a school or university, especially those that invest in clean energy practices and environmental awareness,” said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. “Capstone is dedicated to helping these businesses work towards their goals for long-term sustainability,” added Crouse.

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.

Andrea MarrOn Thursday, June 18, SDGE will host its 10th annual Energy Showcase to feature the latest money-saving ideas for better energy performance via energy-saving products, services, and strategies. Andrea Marr, Regatta Solutions’ VP of Energy Services, will be on site (booth 123) to answer your questions about:

  • Capstone microturbine cogeneration systems, which can provide:
    • Large utility bill reduction
    • Resilient power in the event of a grid outage
    • Sustainable, low-emissions energy generation
  • Energy Management
  • Energy Audits and Retrofits
  • Cogeneration in a Microgrid Application
  • NEW! Regatta Solutions’ Remote Energy Management System for Capstone microturbine owners.

 

Registration is free; register here.

  • San Diego Convention Center | Sails Pavilion | Located just above exhibit halls A & B
  • Thursday, June 18, 11:00 a.m. to 2:00 p.m.

Questions? Contact Michelle Haynes, Director of Marketing, at (949) 350-5335 or email MHaynes @ RegattaSP.com.

CHATSWORTH, Calif., June 8, 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 two orders for C1000 microturbines for energy efficiency projects in New York City, New York. A single C1000 will be installed at a New York University research and learning facility while a second C1000 will replace the existing generators at the River Park Towers residential complex in the Bronx.

RSP Systems, Capstone’s distributor for New York and Connecticut, secured both orders, which are to be commissioned in early 2016. Both natural-gas-fueled C1000 microturbines will be installed in combined heat and power (CHP) applications in order to provide primary power and hot water to each location. Once commissioned, the microturbine systems will decrease the operating costs for both customers by shrinking demand during peak hours and cutting the overall energy purchased from the grid.

Capstone microturbines were chosen for their low emission profile and for holding the highest net efficiency rate at nearly 80 percent. Capstone is at the forefront of green building technology, ensuring that the New York University research facility and Bronx residential complex remain compliant with all current emissions laws and green building best practices.

“We are strongly encouraged by the growing acceptance of Capstone microturbines in the New York City area as it’s a tremendous market opportunity with excellent economics for CHP customers,” said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine.

“Our distributor in New York City has invested heavily in marketing, personnel, training and infrastructure over the last several years to be in position today to really penetrate this critical market, and I am encouraged to see the positive results of their efforts,” said Darren Jamison, Capstone’s President and Chief Executive Officer.

“RSP Systems is a great example of how we are diversifying our business from oil and gas into the CHP market and how the maturation of our distribution channel will provide future top line growth,” added Jamison.