Capstone Turbine issued the following announcement on Oct. 20
Capstone Turbine Corporation the world's leading clean technology manufacturer of microturbine energy systems, will be participating in the Water Tower Research Virtual Fireside Chat Series on Wednesday, October 21, 2020, at 12:00 pm PT/3:00 pm ET. The topic will be a "Strategy for the Hydrogen Economy." Registration for the live event is limited but may be accessed at any time for replay.
Don Ayers, Capstone's Senior Director Of Engineering And Quality, will participate in the Fireside Chat Series hosted by Shawn Severson, Head of ClimateTech and Sustainable Investing at Water Tower Research. Following the webcast presentation, there will be a short audience question and answer session.
The topic of the Fireside Chat is the Company's strategy in the developing hydrogen economy. The hydrogen economy has gained substantial momentum over the past 12 months. Hydrogen is frequently used as a fuel in fuel cells but can also be used as a fuel for combustion-based systems like low emission microturbines.
Capstone has historically updated and modified its energy systems to have a wide range of fuel flexibility. As hydrogen becomes more widely available, energy systems will need to have the flexibility to use it as a fuel. Hydrogen, and especially green hydrogen, are positioned for meaningful growth in the coming years. As a result, Capstone has been developing ultra-low emission, highly efficient energy solutions to capitalize on this growing trend.
To date, the company has demonstrated that it can safely run on a 20% hydrogen - 80% natural gas mix and recently announced a new Research & Development partnership with Argonne National Laboratory that is currently testing a 70% hydrogen - 30% natural gas blend. This is a promising milestone on the development roadmap to a 100% hydrogen product. The real value sits in the broader context of fuel flexibility and providing end customers with multiple fuel options depending on fuel price and carbon savings goals.
The presentation is open to all investors and will be webcast live and available for replay by visiting the Investor Relations section of the Company's website at www.capstoneturbine.com and on the Water Tower Research website at www.watertowerresearch.com.
Investors interested in participating in this event must register using the link below. As a reminder, registration for the live event is limited but may be accessed at any time for replay.
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