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Capstone Turbine Enters Original Equipment Manufacturer Agreement With European-Based Clean Energy Company, B+K; Financial Details Not Disclosed

Author: Benzinga Newsdesk | March 11, 2021 08:07am

Capstone Immediately Receives Order for First Commercial Unit

VAN NUYS, CA / ACCESSWIRE / March 11, 2021 / Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST), the world's leading manufacturer of clean energy technology microturbine systems, announced today that it continues to expand the range of non-fossil fuels able to power its innovative microturbine based energy solutions. With the signing of a new OEM agreement with Professor Dr. Berg & Kießling GmbH (B+K) (www.bergundkiessling.com), Capstone immediately received an order for the first Capstone microturbine kit under the new agreement.

The Capstone microturbines will be integrated into the innovative B+K ClinX product. The ClinX product uses renewable sources instead of fossil fuels and thus prevents unnecessary CO2 emissions. ClinX enables the decentralized conversion of previously unused wooden byproducts into heat and electricity. A unique feature of ClinX is its relatively small size of <1 MW, which works well for decentralized energy applications, and it has a broad fuel spectrum. ClinX burns heterogeneous, wooden byproducts and thus converts heat and at the same time produces electricity using the externally fired Capstone microturbine.

 

"B+K was founded back in 2012 to develop decentralized combined heat and power (CHP) systems based on microturbine technology, and we are proud that after many years of collaboration, B+K has officially selected Capstone technology for their innovative ClinX product," said Darren Jamison, Capstone's President and Chief Executive Officer. "Capstone is committed to finding better ways to generate green energy for distributed generation and CHP applications using renewable natural gas, biogas, hydrogen or externally fired thermal solutions like the B+K ClinX," Mr. Jamison added.

The ClinX solution provides a more environmentally-friendly solution as customers convert energy from renewable energy sources instead of fossil fuels. This renewable energy generation helps to avoid additional CO2 emissions and to protect the environment. The use of professional filter systems guarantees compliance with stringent air quality standards. Depending on the input, the remaining ashes may also subsequently be used in agriculture and forestry.

"In addition to supplying microturbine kits to B+K, Capstone's factory project team will support the sale of the ClinX solution with its new Direct Sales organization and with our existing global Distribution network," said Jim Crouse, Capstone's Chief Revenue Officer. "The B+K containerized design will allow for quick deployment and easy installation," Mr. Crouse added.

ClinX is a modular system that is adapted to customers' requirements. The ClinX 50 will utilize Capstone's proven C65 microturbine, and the ClinX 150 will incorporate Capstone's highly reliable C200 microturbine. The systems will be expandable in a user-friendly manner as the central combustion unit with a subsequent energy conversion module will be able to be supplemented by a cooling or water treatment module if required.

"Capstone is a company that excels globally in clean and environmentally-friendly turbine solutions," said Sebastian Kiessling, Executive Partner of B+K. "Capstone lives our mission statement together with us, and we are looking forward to long-term cooperation and many successful joint projects," concluded Mr. Kiessling.

Posted In: CPST

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