viewCapstone Turbine Corporation

Capstone Turbine to bring thermal energy storage to SUNY school in partnership with NY Power Authority

The installation is expected to save SUNY $100,000 per year while also reducing its carbon footprint

Capstone Microturbine Driving a Brenmiller bGen Energy Zero Carbon Thermal Storage Unit
Capstone offers a product line-up of microturbines that can produce anywhere from 30 kilowatts to 10 megawatts of power

 Capstone Turbine Corporation (NASDAQ:CPST) has announced a partnership with the New York Power Authority (NYPA) and Brenmiller Energy on a thermal energy project for Purchase college, a State University of New York (SUNY) institution.

The project won a $1 million grant from the Israel-United States Binational Industrial Research and Development (BIRD) Foundation to examine low-emission thermal energy storage as a way to increase the efficiency of standard combined heat and power (CHP) systems.

The installation is intended to be a model for innovative thermal energy storage technology in New York, and this project is one of many deployed as part of New York State's Energy Storage Roadmap — a state initiative with an energy storage target of 1,500 megawatts by 2025, or one-fifth of all New York homes.

READ: Capstone Turbine wins order to upgrade wastewater treatment plant in Roseville, California

"Our microturbine will directly pipe low emission exhaust gas into a Brenmiller bGen zero carbon thermal storage unit so that it can extract and store the heat until it is needed,” Capstone CEO Darren Jamison said in a statement. “The system represents an alternative to battery storage with potentially greater discharge durations." 

"This new groundbreaking thermal energy storage unit is designed to shift large amounts of energy over long periods of time, thereby providing an effective solution over other technologies when grid-scale energy storage of long duration is required," added Jamison.

Capstone’s New York and Connecticut distributor, RSP Systems, secured the order for the C200R microturbine that will be utilized in a CHP application. The cogeneration system will be installed to support Purchase College’s physical education building, displacing an ageing heating loop in the central heating plant and providing baseload electricity in the process. 

The installation is expected to save SUNY $100,000 per year while also reducing its carbon footprint.

“RSP Systems is proud to have been selected as the prime mover for the cogeneration and thermal storage project at SUNY Purchase,” RSP President Cory Glick said.

“Thermal storage improves a CHP system's efficiency and effectiveness while enhancing its sustainable performance and hardens a facility. In addition, this project is an example of our shift to provide CHP-based hybrid solutions for our clients that can also benefit from adding battery storage, solar energy, and new technologies into their green energy and back-up power solution toolbox,” he added.

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.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com 

Follow him on Twitter @andrew_kessel

Quick facts: Capstone Turbine Corporation

Price: 4.88 USD

Market: NASDAQ
Market Cap: $53.8 m

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