CHATSWORTH, Calif., March 20, 2014 (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 recently received an emissions reduction certificate from the U.S. Environmental Protection Agency Combined Heat and Power Partnership.
Capstone Turbine, through its U.S. distribution partners, has installed 471 combined heat and power, or CHP, systems that have avoided an estimated 3,060,000 metric tons of carbon dioxide, compared to conventional energy sources. CHP is the simultaneous generation of electricity and useful heat. In 2013 alone, Capstone's customers avoided emissions of more than 298,000 metric tons, equal to those from the generation of electricity used annually by 40,955 homes. CHP applications can achieve overall efficiencies in excess of 80%, which is far better than the electrical efficiency of the national utility grid.
In August 2012, the President issued an Executive Order calling for an acceleration of investment in industrial energy efficiency, specifically CHP. The government called for 40 gigawatts of CHP to be installed by 2020, recognizing the need to promote energy independence via distributed generation to reduce the reliance on the national grid. Meeting this goal would save American businesses $10 billion each year and also reduce emissions equivalent to taking 25 million cars off the road.
"Capstone customers can be greener, produce power at a lower cost than the grid, and achieve energy independence with CHP, making it the clear choice moving forward," said Jim Crouse, Capstone Executive Vice President of Sales and Marketing.
"Capstone is proud to be awarded a 2013 Certificate of Avoided GHG Emissions by the EPA Combined Heat and Power Partnership," said Darren Jamison, Capstone President and Chief Executive Officer. "This certificate is awarded in recognition of Capstone's achievement in reducing carbon pollution with CHP projects. Capstone remains committed to being a leader in the combined heat and power industry as the world moves towards more efficient and lower emission power generation methods to meet the growing demand for energy," Jamison added.
View the EPA certificate: http://www.capstoneturbine.com/news/mediaeventsdetail.asp?id=44
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST) is the world's leading producer of low-emission microturbine systems and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped approximately 7,000 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2008 and ISO 14001:2004 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York Metro Area, United Kingdom, Mexico City, Shanghai and Singapore.
The Capstone Turbine Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of our CHP applications. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
"Capstone" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
CONTACT: Capstone Turbine Corporation Investor and investment media inquiries: 818-407-3628 firstname.lastname@example.org
Source:Capstone Turbine Corporation