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Capstone Turbine clinches new contract order from Jamaican rum distillery

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Capstone Turbine Corp. (NASDAQ:CPST), the manufacturer of microturbines, is widening its reach in the Caribbean after winning a new order from a rum distillery in Jamaica. 

The undisclosed distillery signed a contract with Capstone as it required on-site power and hot water for the production of its rum. This new 200kW project, which is set to be commissioned by March, is comprised of a low-pressure natural gas-fueled Capstone microturbine that provides a low-cost alternative to expensive utility costs in Jamaica.

Capstone Turbine wins long-term service contract for Mexican auto facility

The thermal energy from the microturbine’s exhaust is captured and converted into space heating and hot water.

“Over the past couple of years, I have met with various end-user customers and potential customers in Jamaica, alongside our regional distributor partner, IEC, and it has been abundantly clear that companies are increasingly turning to alternative technologies for lowering their overall energy costs, as power rates on the island have historically been anywhere from 28-36 centers per kWh, and looking for new and better ways to lower their carbon footprint,” said Darren Jamison, Capstone’s CEO, in a statement.

The Capstone microturbine will be set up for the Jamaican distillery as a dual-mode application that will be able to provide back-up power in the event of a power grid outage.

Capstone, based in Van Nuys, California, offers a product line-up of microturbines that can produce from 30 kilowatts to 10 megawatts of power, operating on a variety of gaseous or liquid fuels. To date, Capstone has shipped over 9,000 units to 73 countries.

Story by ProactiveInvestors



Source: https://www.proactiveinvestors.com/companies/news/912072/capstone-turbine-clinches-new-contract-order-from-jamaican-rum-distillery-912072.html


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