Capstone Turbine Corporation (NASDAQ:CPST) said its exclusive distributor for non-oil and gas markets in New York, RSP Systems has signed a new Factory Protection Plan (FPP) long-term service contract renewal for 1.17 megawatts (MW) of Capstone microturbines installed at a data center in Connecticut.
The firm, which specializes in the clean technology manufacturer of microturbine energy systems, said the FPP enables customers to have predictable and stable maintenance costs for up to twenty years and protect them from future cost increases associated with changes in replacement spare parts pricing, commodity price increases, import tariffs, and interest rate changes.
The 18 C65 Capstone microturbines for the data center were originally commissioned back in July 2009 and were immediately placed under Capstone’s FPP product, providing 10-years of complete service coverage, including scheduled and unscheduled maintenance.
Capstone said the renewal will provide service coverage on the microturbines for another five years.
The microturbines provide the data center with 24/7 electrical and thermal generation and are also configured in Capstone Dual Mode, making them capable of providing back-up power to critical loads in the event of a grid outage.
In a statement, Jeff Foster, Capstone’s senior vice president of Customer Service and Product Development said: “This FPP renewal, after 10-years of successful operation, demonstrates the significant reliable life of Capstone’s microturbines when supported under our comprehensive long-term service contract from a top Capstone Distributor like RSP. Additionally, we are very pleased to see continuing business activity in the Northeast United States, even as the global economy and this region have been dramatically impacted as a result of the unfortunate (coronavirus) COVID-19 pandemic.”
Darren Jamison, president and chief executive of Capstone added: “We are delighted to highlight both a very satisfied long-term customer of the Capstone technology and the outstanding work of our distributor, RSP Systems. We are quite happy, given the uncertain times in today’s business environment, that a data center customer with critical availability needs has chosen to continue operations with the peace of mind that only products like Capstone’s unique FPP service contracts can produce.”
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