Capstone Turbine Receives Order From HelioFocus for the Development of a Solar Powered Microturbine
Capstone Turbine Corporation (NASDAQ:CPST) (www.microturbine.com), the world’s leading clean technology manufacturer of microturbine energy systems, announced today that it has received an order from HelioFocus for the development and modification of Capstone Turbine’s C65 MicroTurbine(R) to operate on solar energy.
Founded in 2007 and headquartered in Ness Ziona, Israel, HelioFocus Ltd. is engaged in the development of modular, high efficiency Concentrated Solar Power (CSP) systems. These systems will convert sunlight to grid electricity using a parabolic solar concentrator to focus the sun’s energy into a solar receiver that provides enough heat energy to drive Capstone’s modified turbine and power electronics. Under the initial phase of development, Capstone will make modifications to the existing microturbine to operate on superheated air and integrate the microturbine with the HelioFocus solar concentrator system.
Capstone Turbine has been evaluating product development opportunities to combine the benefit of the microturbine and solar concentrator technologies. The traditional Capstone microturbine engine uses gaseous or liquid fuels to heat combustion air. The HelioFocus Solar Concentrator focuses enough sunlight energy to provide an equivalent amount of combustion heat to drive the microturbine. This fuel free renewable solution offers higher solar conversion efficiencies over traditional solar photovoltaic systems. In addition the increased power density of this system should reduce the amount of required real estate for siting these systems.
“This combined system leverages existing Capstone technology and continues to broaden the range of renewable fuels that are able to power our microturbines,” said Mark Gilbreth, Executive Vice President and Chief Technology Officer of Capstone Turbine Corporation.
“Our company’s current focus is continued product development through strategic partnerships with forward looking companies,” said Dr. Ory Zik, one of the Founders and Chief Executive Officer of HelioFocus. “Utilizing Capstone’s microturbine, our mutual goal is to develop a system that can operate entirely on sunlight.”
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.microturbine.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 over 4,000 Capstone MicroTurbine(R) 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 9001:2000 and ISO 14001:2004 certified company; Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New Jersey, New York, Mexico City, Milan, Bath, Shanghai and Tokyo.
This press release contains “forward-looking statements,” as that term is used in the federal securities laws, about new product development opportunities with HelioFocus. 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 Turbine Corporation” and “Capstone MicroTurbine” are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.