Capstone Turbine executes 5-year long-term factory protection plan contract in Italy

Capstone Turbine Corporation announced that IBT Connecting Energies GmbH, Capstone's exclusive distributor for Italy, signed a new Factory Protection Plan (FPP) long-term service contract for a Capstone C600 Signature Series microturbine (C600S) installed in a food production facility.

The C600S runs grid-connected using clean natural gas, and the co-generation application is the factory's prime energy source using power and steam for cooking cured meats, making this customer more competitive in their local market. Using Capstone technology, this customer is able to realize cost savings exceeding $300K per year and reduce CO₂ emissions an estimated 938 tons per year.

During fiscal year 2020, Capstone Turbine saved end-use customers an estimated $219 million in annual energy costs and 368,000 tons of carbon. The fiscal 2020 results demonstrate continued progress in carbon savings, up 5% from the prior fiscal year, but were offset somewhat by cleaner electrical utility grids in the U.S. and Europe. A single Capstone powered combined heat and power (CHP) energy system can provide customers an annual energy savings of up to an estimated 40% while simultaneously meaningfully lowering their carbon footprint.