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September 23, 2015
Capstone Microturbine to Power a Silica Manufacturer in Italy
CHATSWORTH, Calif., Sept. 23, 2015 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it received an order for a C1000 microturbine to upgrade a processing plant for an Italian silica manufacturer.
IBT Group, Capstone's Italian distributor, secured the order, which is scheduled to be commissioned in December 2015.
The natural-gas-fueled C1000 microturbine will be installed in a combined heat and power (CHP) application to provide base load power to the processing facility and heat to continuously dry the silica during production. The 1MW microturbine is modular so that it can easily be expanded to accommodate future increase in facility load. Capstone microturbines do not use oil or lubricating liquids to operate, which allows for minimal maintenance and increased uptime, maximizing production and profitability.
Capstone microturbines were selected for their low emissions, as well as the associated cost savings. The silica manufacturer is expected to save up to 30 percent in energy costs while also benefiting from incentives provided by the Italian state for implementing a high- efficiency cogeneration plant. The microturbine power plant will reduce the company's annual emissions by more than 1,700 tons per year and the expected payback on the investment is less than two years.
"The drying process application is very important to us," said Ilario Vigani, CEO at IBT Group. "We feel that it will lead to further projects within the chemical industry, one of the sectors most in need of energy efficiency, in order to gain competitiveness," added Vigani.
"IBT Group has been a valuable partner for Capstone in Italy," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "We are seeing more and more high-profile orders coming from this region as manufacturers within various industries realize the economic and environmental benefits of utilizing our patented microturbine technology," added Crouse.
"Companies across numerous verticals and around the world are realizing there is a better way to procure your electrical and thermal energy that saves both money and the environment," said Darren Jamison, Capstone's President and Chief Executive Officer.
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