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Capstone Turbine Secures Follow-On Order for Additional Sections of the Los Ramones Pipeline Project in Mexico

CHATSWORTH, Calif., Feb. 10, 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 a follow-on order for five C800 microturbines for another phase of the Los Ramones pipeline project in Northeastern Mexico.
pipeline Los Ramos1_0

In addition to this order, Industrias Energetícas, Capstone’s distributor in Mexico, secured the initial order for the pipeline project in December 2014, which consisted of six C800 microturbines and sixteen C30 microturbines.
Considered to be the backbone of Mexico’s natural gas system, the Los Ramones pipeline project is part of the Mexican Energy Reform, designed to improve the gas supply in the central part of the country. The first phase of the pipeline will be approximately 114 km in length and provide a capacity of 2,100 MM
cfd, and the second phase will be approximately 740 km in length with a capacity of 1,430 MMcfd.

Five C800 high-pressure natural gas microturbines will supply power to two compression stations. The microturbines will act as the primary energy source for these remote sites and require minimal maintenance. This ensures a steady and reliable flow of power to the stations while keeping emissions low. Capstone microturbines align perfectly with the needs of oil and gas producers and can be used in all phases of production including upstream, midstream, and downstream operations in both onshore and offshore applications.

“With a free-market energy policy in place, natural gas development in Mexico is poised for substantial growth,” said Juan Carlos Hernandez, President of Industrias Energetícas. “Capstone microturbines were the clear choice for providing power to this multi-billion dollar project where reliability is critical,” added Hernandez.

“The follow-on order helps to further solidify Capstone microturbines as a preferred solution for oil and gas producers,” said Darren Jamison, President and Chief Executive Officer of Capstone Turbine. “As I outlined in our February 5, 2015 earnings call, Mexico is becoming a significant market for Capstone products as a result of the Mexican Energy Reform. I also outlined on the call how I believed that Capstone’s previous awards positioned us well for the future phases of the project,” added Jamison.

Information on Capstone Turbine, as well as the original press release, are available at the Capstone Turbine website.

 

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Capstone Turbine Secures Second Major Order in December as the Market in Mexico Heats Up — Latest Order is Fourteen C1000s for Multiple Industrial CHP Projects

CHATSWORTH, Calif., Jan. 6, 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 another significant order from Mexico for fourteen C1000 microturbines for multiple CHP projects in Mexico.

Capstone microturbines at Mexico pipeline

Capstone Turbines Ordered for Mexico’s Multiple Industrial CHP Projects

“This substantial order was received just weeks after we received the order for six C800 microturbines and sixteen C30 microturbines for the second phase of the Los Ramones pipeline project in Mexico,” said Darren Jamison, President and Chief Executive Officer atCapstone Turbine. “These two orders combined total approximately $17 million and should make Mexico a top 5 market for calendar year 2015,” added Jamison.

DTC Ecoenergia, Capstone’s Mexican distributor, secured the latest order. Two of the C1000 microturbines shipped in late December, and the balance of the order will serve multiple projects expected to be commissioned over the balance of 2015.

According to Cogeneration and On-Site Power Production magazine, the Mexican Congress passed energy reform legislation in 2008 as part of a national commitment to reduce greenhouse gas emissions by 50% from their 2002 levels by 2050. The government is promoting CHP, or cogeneration, as an energy efficient option to help meet national energy goals and estimates the country’s potential CHP capacity could top 15.5GW by 2020.

The Mexican manufacturing industry, like that in the United States, is benefiting from cheap natural gas which allows facilities to generate their own heat and power very efficiently and economically.

Capstone microturbines are the ideal fit for cogeneration projects given their compact footprint, clean emissions, and quiet operation. Additionally, Capstone microturbines utilize a patented air bearing and do not require coolants or lubricants. This allows for longer run time between maintenance intervals and ensures operational costs remain low.

Deploying the microturbines in a cogeneration application where the exhaust heat is utilized can raise the overall site efficiency to over 80%. In a trigeneration application, where cold water is also produced, efficiency levels can reach as high as 90%.

“Having leveraged our demonstrated success with cogeneration projects in Europe and the U.S., we are excited to see further growth and penetration in the expanding Mexican market,” said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. “Utilizing reliable and efficient microturbines as an alternative to the expensive and unpredictable local utility provides businesses significant savings and a positive impact on their bottom line,” added Crouse.