Capstone Turbine Inks Korea Power Contract
Chatsworth, CA – Microturbine manufacturer Capstone Turbine Corp. has received an order to supply a natural gas-fired, low-emission, one megawatt microturbine for a new residential high-rise building in Masan, South Korea.
The city of Masan, situated about 30 miles west of Busan, is home to more than one million people and is experiencing significant economic growth.
Due to this growth, and the expansion of neighboring cities, Korean officials approved the merger of the cities of Masan, Changwon, and Jinhae in 2009.
This area is home to more than a million people, and the need for new infrastructure, such as residential high-rises, is increasing.
Deployed in a combined heat and power (CHP) application, the heat from the microturbine’s exhaust is captured via heat exchangers and used to provide heating and hot water for the building. One megawatt of electricity produced by the microturbine offsets the building’s total requirement, reducing costs from the local utility.
The CHP system has an overall efficiency of approximately 80 percent, which helps to maximize the investment and significantly reduce the payback period.
Yongwon Total Solution, Capstone’s South Korean partner, secured the order.
Capstone Turbine has shipped approximately 8,000 Capstone microturbine systems that have logged millions of documented runtime operating hours to customers worldwide.
A UL-Certified ISO 9001:2008 and ISO 14001:2004 certified company, Capstone has sales and/or service centers in the UK, Mexico, China, Singapore and the New York Metro area.