Capstone Turbine Corporation (NASDAQ:CPST), the maker of clean-energy microturbines, said Monday that it has secured a 400 kilowatts microturbine sale to power a large biogas-to-energy project in France.
In a statement, the Van Nuys, California-based company said the order for the lightweight, compact C400 Signature Series product came through its distributor Biogaz Services in France.
The company pointed out that the microturbine will operate on methane generated from agricultural green waste, cow manure, and pig manure. The Capstone C400S will be coupled with an exhaust fired heat exchanger and will utilize the biogas to produce electricity that will be put back on the local French electrical grid, while the thermal energy generated from the microturbine exhaust will feed a nearby hospital.
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In its statement, the group said: “The Capstone C400S microturbine was selected for its fuel tolerance, low operating costs, and low emissions.”
It pointed out that France has strict regulations, which Capstone microturbines are able to meet, helping to reduce the impact on the environment. Another key factor which swung the deal was Capstone’s comprehensive Factory Protection Plan (FPP) long-term service contract.
In May, the company reported a 9.6-megawatt renewable energy biogas order which was the largest order in the company’s history.
CEO Darren Jamison commented in today's statement: “Capstone is excited to be an essential part of these biogas projects and help create renewable biogas-to-energy and renewable natural gas-to-energy projects as the new fuels of choice in the green economy.”
He added that Capstone’s strategy is focused on bolstering its “core energy efficiency” and natural resource market verticals, while diversifying into additional verticals like biogas and renewable natural gas.
During the fiscal first quarter of 2020, the company said it shipped 52% of its products to the energy efficiency market, 43% to natural resources, and 5% to the renewable energy segment.
“Capstone microturbines were the logical choice as our technology is flexible with the ability to turn units off to match variations in the methane that is produced,” said Jim Crouse, executive vice president of sales and marketing at Capstone.
“This built-in flexibility also provides higher efficiency as compared to a single, large, traditional power generation solution,” he added.
Capstone offers a product line-up of microturbines that can produce anywhere from 30 kilowatts to 10 megawatts of power, operating on a variety of gaseous or liquid fuels. To date, Capstone has shipped over 9,000 units to 73 countries.
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