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Capstone Turbine secures order at recycling plant in Scotland

The order is phase one of a multi-phase development project with a scheduled commission date of April 2020

Capstone Turbine Corporation - Capstone Turbine Corporation wins order for a C1000 Signature Series ICHP microturbine for an industrial processing business park in Scotland
An additional one to two megawatts are expected to be installed within the next 18 months

Capstone Turbine Corporation (NASDAQ:CPST) announced Monday that it has won an order for a C1000 Signature Series ICHP microturbine for an industrial processing business park in Scotland.

The order was secured by SCE Energy, Capstone’s exclusive distributor in Ireland, Scotland, Wales, and Northern UK. It is the first phase of a multi-phase development project with a scheduled commission date of April 2020. 

An additional one to two megawatts are expected to be installed within the next 18 months rounding out phase three of the development project in 2022, the company said. 

READ: Capstone Turbine wins long-term service contract for Mexican auto facility

The latest C1000S ICHP microturbine order will be installed at a recycling plant and will be utilized in a combined heat and power (CHP) application. The order includes a Capstone supplied integrated roof-mounted heat recovery module (HRM) that captures the waste heat from the microturbine, thereby achieving two outputs – electrical and thermal – from a single fuel source, in this case, low-pressure natural gas. 

The integrated CHP solution provides greater than 80% overall efficiency, while reducing NOx and greenhouse gas (CO2) emissions.

“One of the keys to growing and diversifying our global microturbine business is the continued growth of our energy efficiency or CHP business and projects utilizing renewable fuels,” said CEO Darren Jamison.

“Capstone’s energy efficiency business has grown from 40% of total revenues last year to 54% this year, and if you look at renewable projects, we have essentially doubled that portion of the business year-over-year."

Environmental concerns played a major part in the selection of a power generation solution. After a thorough analysis comparing various distributed generation technologies, the customer’s management ultimately chose Capstone microturbines as their preferred solution for their low emissions and environmental benefits.

“The Capstone microturbine solution achieves significant emissions reductions, making the project Scottish Environment Protection Agency (SEPA) compliant as well as ensuring cost savings as part of the energy system solutions,” said Sam Clark, president of SCE Energy. 

Capstone, based in Van Nuys, California, 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.

Capstone’s stock recently traded up 4.2% to $2.69 a share in New York.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

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Price: 2.74 USD

NASDAQ:CPST
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