Boston, MA 10/16/2014 (wallstreetpr) – According to reports, Capstone Turbine Corporation (NASDAQ:CPST) recently announced that it had received a new order for a residential high-rise building in Masan. As per the information, CPST got an order for one megawatt capacity for a property located in South Korea.
Insights of the announcement:
There are various opportunities available in South Korea for growth. According to United Nations, it is 15th largest economy with more than $1.12 trillion GDP and 23rd most densely populated country of the world. City of Masan, which is located 35 kilometers west of Busan has been going through a developmental phase and experienced massive economic growth. It is home to more than one million people, due to which there is a huge requirement of developed infrastructure. There is a need of companies like Capstone Turbine Corporation (NASDAQ:CPST) that can provide efficient, clean and reliable solutions.
CPST is one of the leading microturbine system producing company, which puts most focus upon low-emission at the time of developing micro-turbine systems. Capstone Turbine Corporation (NASDAQ:CPST) has been given responsibility to execute Masan Metro-City project efficiently through using various modern era technologies. As per the information, C1000 micro-turbine offered an ideal solution to execute this project in limited budget with high-level efficiency.
According to Jim Crouse, Executive Vice President of Sales and Marketing at CPST, citizens of a highly developed country like Korea need compact, effective and green solutions for their energy needs.
It uses heat exchangers for capturing heat that is generated through micro-turbine’s exhaust after deploying combined heat and power (CHP) application. The micro-turbine is capable of producing one megawatt of electricity, which further off-sets the total electricity requirement of the building. It further results into reduction of the overall cost from the local utility. The efficiency of CHP system is close to 80%, which significantly decreases the payback period and maximizes the investment. All the micro-turbines of Capstone Turbine Corporation (NASDAQ:CPST) are based on green building technology, which can easily meet the requirements of the current market.
