Capstone Turbine issued the following announcement on Dec. 16
Capstone Turbine Corporation the world's leading clean technology manufacturer of microturbine energy systems, announced today that Horizon Power Systems, the exclusive Capstone distributor for the Rocky Mountains and Western Canada (www.horizonpowersystems.com), renewed a Factory Protection Plan (FPP) service contract for 1.6 megawatts (MW) of Capstone microturbines, for an additional 10 years. The microturbines are installed at a remote gas compressor station in Arizona. The microturbines have operated uninterrupted for over 700,000 combined hours since 2009.
"The combined 700,000 hours of uninterrupted operation at the site demonstrates the durability of Capstone microturbines," said Sam Henry, President of Horizon Power Systems. "This longtime customer knows that Capstone microturbines have a significant reliable life, especially when supported under Capstone's comprehensive long-term FPP," added Mr. Henry.
Horizon Power Systems originally commissioned the C1000 and C600 microturbines in December 2009 at the remote site, which is operated by one of the largest natural gas transportation companies in the United States. Two years later, the microturbines were placed under their first FPP, a 9-year contract that provided complete service coverage from Horizon Power, including scheduled and unscheduled maintenance.
The 10-year Capstone parts and labor FPP enables the customer to have predictable and stable maintenance costs, and protection from future cost increases associated with replacement spare parts, commodity prices, import tariffs and labor rates.
The 1.6 MW produced by the C1000 and C600 Capstone microturbines provides continuous power to the entire gas compressor station. The microturbines are configured in Capstone Dual Mode, making them capable of running in parallel or separate from the electric utility.
"Renewals like this really highlight the robust, recurring revenue business model enabled by our Energy as a Service (EaaS) offering, which is anchored by our long-term FPP service contracts that are serviced by our excellent distributors like Horizon Power," stated Darren Jamison, President and Chief Executive Officer of Capstone Turbine Corporation. "Our FPP global fleet now sits at a record 284 MW or 58% of our eligible systems," concluded Mr. Jamison.
Original source can be found here.
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