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Capstone Turbine Corporation

Capstone Turbine signs Factory Protection Plan with Brooklyn hospital using its signature microturbines

The long-term service contract covers 1.6 megawatts, and RSP Systems has now eclipsed an FPP attachment rate of 90% on about 24.6 MWs of microturbines

Capstone Turbine Corporation - Capstone Turbine Corporation announces that RSP Systems, the company’s exclusive distributor for the New York metro region, signs a Factory Protection Plan with a Brooklyn hospital using its signature microturbines
The Capstone equipment installed at the hospital includes one Dual-Mode Signature Series C600 (pictured), among other microturbines

Capstone Turbine Corporation (NASDAQ:CPST) announced Friday that RSP Systems, the company’s distributor for the New York metro region, signed a Factory Protection Plan with a Brooklyn hospital, using its signature microturbines.  

The long-term service contract covers 1.6 megawatts, and RSP Systems has now eclipsed an FPP attachment rate of 90% on about 24.6 MWs of microturbines installed in their exclusive distribution territory, the company said in a statement.

The Capstone equipment installed at the hospital features one Dual-Mode Signature Series C1000, one Dual-Mode Signature Series C600, eight of Capstone’s Integrated Heat Recovery Modules (HRMs) and two of Capstone’s new PowerSync Master Controllers. 

READ: Capstone’s microturbines powered through recent New York City blackout

The Capstone equipment is used for 24x7 electrical and thermal generation and is also capable of providing back-up power to critical loads in the event of a grid outage from possible hurricanes or utility blackouts.

“Energy resiliency is a key value proposition that Capstone offers our customers,” said CEO Darren Jamison.

“This installation, like many of the recent marquee installations in the greater New York area coming after the devastating impact of Super Storm Sandy, highlights increased awareness by our customers on the long-term value and peace of mind that comes with installing an integrated Capstone equipment suite.”

Average monthly expected thermal recovery from the integrated HRMs is about 36,000 therms, which is used to feed the site’s reheat loop, domestic hot water, and steam condensate loop, Capstone said. 

READ: Capstone Turbine says microturbine provided resiliency and refuge after community evacuated

This installation of the microturbines is also enrolled in the Brooklyn Queens Demand Management Program with utility provider Consolidated Edison (Con-Ed) to reduce the load on the utility grid by 1.2 MWs during high energy-demand evenings in the summer months.

“With our new integrated HRMs and our new PowerSync suite of controllers, our customers are able to easily maximize the return on their investment with a Capstone microturbine,” said Jim Crouse, Capstone’s executive vice president of sales and marketing. 

“We expect this integrated value proposition will be favorably received in the growing energy efficiency market, driving continued growth in our product revenue moving forward.”

Capstone, based in Van Nuys, California, offers a product line-up of microturbines that can produce anywhere from 30 kilowatts to 10 MWs of power, operating on a variety of gaseous or liquid fuels. To date, Capstone has shipped over 9,000 units to 73 countries.

Contact the author: [email protected]

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Price: $0.51

Market: NASDAQ
Market Cap: $37.49 m
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