Capstone Turbine Corporation (NASDAQ:CPST) and UTC Power (NYSE:UTX) are extending their collaborative relationship to develop and launch a 200kW microturbine product.
Capstone CEO Darren Jamison said, “We are very pleased to announce this important business development with a well-respected company like UTC Power. As one of the market leaders in on-site power solutions, UTC Power’s continuing commitment to developing environmentally advanced products makes them the ideal strategic partner for Capstone.”
UTC Power and Capstone Turbine Corporation have collaborated for several years in the development, marketing and sales of UTC Power PureComfort low-emission combined cooling, heating and power systems. These systems, which generate between 195 and 390 kW of electricity, capture exhaust energy from the Capstone MicroTurbines to power an absorption chiller, thereby producing seasonal cooling and heating in the same unit. When a PureComfort system is integrated with a facility’s central heating or cooling system, the energy efficiencies can exceed 80 percent.
“We are excited to build on our past success with Capstone,” said John Fox, UTC Power on-site Product Manager. “This new C200 product will expand our offerings and allow us to bring the PureComfort on-site power system benefits to a larger number of customers.”
Rising electricity rates as well as the availability of incentive funding for clean energy alternatives in several states have sparked growing interest in low-emission PureComfort systems, which have been installed at hotels, hospitals, supermarkets, data centers and schools.
“The new C200 system will provide these same technology advantages but also be able to power applications up to 2 megawatts and comply with the strict 2007 requirements established by the California Air Resources Board (CARB),” said Mark Gilbreth, Executive Vice President and Chief Technology Officer of Capstone Turbine Corporation.
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