Yahoo! Finance
Summary
Capstone Turbine Corporation (www.capstoneturbine.com) (CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it received an order for a three-bay, 400 kilowatt, C400 Signature Series (C400S) microturbine based energy system to modernize a Water Pollution Facility (WPF) in upstate New York. The microturbine will be utilized in a combined heat and power (CHP) application and will run on biogas, or "green waste," produced on-site from municipal solid waste.
A recent study by the EIA found that renewables will be the fastest-growing source of electricity generation through 2050 because of continuing declines in capital costs and the introduction of higher state-level renewable energy targets. The renewable energy sector is poised to enter a new growth phase as utilities and regulators plan to replace retiring capacity, and customers increasingly choose renewable sources to save costs and address climate change concerns.
"The biogas market continues to expand globally as countries endeavor to reduce their dependence on fossil fuel sources for power generation," said Darren Jamison, Capstone Turbine President and Chief Executive Officer. "Reduced dependence on fossil fuels, along with the introduction of innovative financial instruments, and government incentives are driving an increased shift to sustainable biogas to energy projects," added Mr. Jamison.
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#News#Biogas#CHP