Capstone Turbine Corporation (NASDAQ:CPST) has signed a Distributor Agreement with California Power Partners, Inc. California Power Partners offers engineered solutions and applications for on-site power generation which improve the customers’ bottom line operational costs, reliability and sustainability. Headquartered in Escondido, California, with offices in Boston, Massachusetts, California Power Partners will focus on the renewables market in Arizona, Nevada, Washington, Oregon and Hawaii in the west, and Maine, Vermont, New Hampshire, Massachusetts, Rhode Island and Connecticut in the east. They will also offer combined heat and power and combined cooling heat and power solutions in the east and combined heat and power solutions in selected California markets.
“The addition of California Power Partners is another positive step in strengthening our US distribution network,” said Darren Jamison, Capstone’s President and Chief Executive Officer. “California Power Partners is an industry innovator with a proven track record of delivering independent energy solutions, faster payback, and superior maintenance to commercial buildings, corporate and academic campuses, manufacturing facilities, hotels and resorts, municipalities, and mid- to large-scale service organizations,” added Jamison.
“At California Power Partners, we pride ourselves on our team of seasoned professionals who have the skills and capabilities that are well suited to the emerging technology markets, consistent with our products and services,” said Tom Moore, California Power Partners President and Chief Executive Officer. “Most importantly, our equipment recommendations are based on our assessment of best-in-class performance for the technology. We believe that Capstone’s leadership as a clean technology manufacturer of proven and reliable equipment will be an excellent addition to our current business. We are looking forward to a successful long-term relationship between our two companies,” added Moore.
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