Capstone Turbine Corporation (NASDAQ:CPST) lost early Thursday after the company disclosed that it has secured an order to upgrade multiple microturbines to a C200 microturbine for Benz R&D.
The company, out of Van Nuys, California, calls itself the world’s leading clean technology manufacturer of microturbine energy systems, says the deal seeks to seek clean and reliable power with a goal to be virtually carbon-free and improve their resiliency in a hurricane-prone region in the United States.
The order was secured by E-Finity Distributed Generation, Capstone’s distributor for the Mid-Atlantic and Southeastern U.S., and will be commissioned in April 2019. The new C200S will replace an existing C65 array that has been in successful operation for over 10 years.
Based in Sarasota, Florida, Benz Research & Development has been a leader for over 30 years in optical polymers, advancing the art and science of contact lens & intraocular lens (IOL) materials. While looking to upgrade their onsite power generation with minimal carbon footprint, Benz once again turned to Capstone microturbines, because they met two of their most critical needs.
Benz’s management has an overall commitment to be socially-responsible by utilizing green (low emission) and renewable technologies for sources of electric power in the company.
The C200S microturbine will be operated in a combined cooling, heat and power (CCHP) configuration, wherein, the waste heat recovered from the microturbine will be used in Benz’s custom Li-Br chillers, to provide an additional 50 refrigeration tons (RT) of space cooling with zero carbon emission.
Shares in CPST dipped 24 cents, or 3.2%, to 74 cents
