Capstone Turbine, the planet's leading developer and manufacturer of advanced, low-emission microturbines and the first company to market with commercially viable cleantech microturbine technology, reported reception of an order for 35 of their Capstone C200 and 4 of their C65 liquid fueled systems (7.2MW total) from the Mexican government today.
The systems, which should see installation early next year, will provide environmentally sound energy backbone for a Mexican government facility. The deal confirms the forward momentum of the Mexican energy sector and makes another great case for CPST's revolutionary technology.
The multi-billion dollar diesel engine market is being hammered by increasingly steep global regulations on emissions and Capstone is there for customers who don't have access to readily available gaseous fuels, with a technological end run on the problem via their cutting-edge microturbines that can live on diesel, bio diesel, and kerosene while still maintaining a squeaky clean environmental profile. The global diesel generator market has declined in recent years by around 12% to representing 69% of the total market; with the 12% loss to diesel being taken up by gas generators, the gap is clear and widening for CPST's technology to step in.
Enerxpert, CPST's distributor and a dominant force in the Central American/Mexican microturbine space, secured the deal and will be on deck for systems deployment, as well as facility support for the next two years. This is a natural role for Mexico City-based Enerxpert's extensive large-site installation experience that has been accrued doing similar work for government, hospitality, and service sector interests over the years.
CEO of Enerxpert, Jorge Hernandez, underscored the positive indicators from this sizeable order about the momentum of Mexico's energy market and asserted that the order announced today was seen by Enerxpert (who is tied into the market well enough to know) as being the first of several similar facilities implemented over the next five years or so.
Exec VP of Sales and Makreting for CPST, Jim Crouse, beamed over the growing prevalence of the company's microturbines among a global clientele looking for the ultimate marriage of low-emissions and rock-solid performance reliability. Crouse commented on how the customer in this case was swapping out their archaic low-performance reciprocating engines and, very impressed by CPST's installation track record around the world, made the right call to go for high-efficiency diesel-fueled microturbine hardware.
President and CEO of CPST, Darren Jamison, noted the size of the order and a clear shift to the larger C200 and C1000 units from the customer base, citing the 70% of revenue last quarter which stemmed from the company's "new game changing technology." Jamison emphasized how Capstone can help customers meet prevailing emissions standards while still delivering robust power to mission-critical infrastructure.
Capstone has shipped some 6,500 systems to date worldwide with millions of documented runtime hours, and as a member of the U.S. EPA's Combined Heat and Power Partnership, is steadfastly dedicated to helping transform the nation's energy infrastructure. The LA-headquartered Capstone is also a UL-Certified ISO 9001:2008 and ISO 14001:2004 certified company.
For more information on Capstone Turbine Corp., please visit the company's website: www.CapstoneTurbine.com
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