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Capstone Turbine Corp. Message Board

chaachaching 9 posts  |  Last Activity: Jul 9, 2014 8:22 PM Member since: Aug 16, 2013
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  • chaachaching by chaachaching Jul 9, 2014 8:22 PM Flag

    WALTHAM, Mass., July 9, 2014 /PRNewswire/ -- Tecogen Inc. (TGEN) today announced the sale of combined heat and power (CHP) systems to YMCA facilities in Meriden and Milford, Connecticut. The systems will supply 60 kW of electricity to each facility, while simultaneously providing hot water for building heating, domestic hot water, and pool heating.

    The Meriden YMCA project is supported through the Connecticut Property Assessed Clean Energy (C-PACE) program, an innovative program that is helping commercial, industrial and multi-family property owners access affordable, long-term financing for smart energy upgrades to their buildings. The project was also assisted by the Connecticut Clean Energy Finance and Investment Authority (CEFIA), a "Green Bank" that uses public resources to attract and deploy capital investment in clean energy projects.

    By installing the Tecogen CHP system, an estimated savings of $35,000-$40,000/year will be realized by each facility. In addition, CO2 and other harmful criteria pollutants (CO, NOx) will be reduced with the Tecogen Ultra emissions system option, which is available on all Tecogen CHP systems.

    These projects join other recent Tecogen CHP installations at YMCAs in Connecticut. Tecogen recently installed a 60 kW CHP system at the Soundview Family YMCA in Branford, a 75 kW CHP system at the Northern Middlesex YMCA in Middleton, and a 75 kW CHP system at the Greenwich YMCA. The systems join a large fleet of Tecogen CHP and chiller systems operating in the state.

    "Health facilities such as YMCAs are a natural fit for Tecogen CHP systems," said Robert Panora, Tecogen's President and Chief Operating Officer. "The typical YMCA facility has large electric and gas bills due to the demand for hot water and power year round. By installing a Tecogen CHP system, the amount of electricity needed from the grid is reduced, and the thermal output of the system lowers the demand for existing boilers to heat both the building and the pools. We thank the C-PACE program for giving facilities a viable financial mechanism for installing clean energy systems from Tecogen."

    Both YMCAs are expected to have the CHP systems operational in time for the 2014 winter heating season.

  • chaachaching by chaachaching May 23, 2014 1:27 PM Flag

    WALTHAM, Mass., May 15, 2014: Tecogen Inc. today announced that it has priced a public offering of up to 2,000,000 shares of its common stock at $4.75 per share. Scarsdale Equities LLC is acting as the placement agent for the offering on a best efforts basis. All of the shares are being offered by Tecogen.

    A closing of up to 2,000,000 shares is expected to occur on or about Monday, May 19, 2014, subject to customary closing conditions. The net proceeds of the offering will be used for working capital and general corporate purposes, including expanding Tecogen’s turnkey business, constructing a dedicated manufacturing facility for Tecogen’s majority owned subsidiary Ilios, Inc., expanding Tecogen’s low emissions technology to other markets and continuing product development.

    Tecogen’s common stock has been approved for listing on the NASDAQ Capital Market under the symbol “TGEN” upon official notice of issuance and adequate distribution. Tecogen expects that trading of its common stock on the NASDAQ Capital Market will commence as soon as practicable after the closing.

  • chaachaching by chaachaching May 19, 2014 8:09 PM Flag

    WALTHAM, Mass., May 15, 2014: Tecogen Inc. today announced that it has priced a public offering of up to 2,000,000 shares of its common stock at $4.75 per share. Scarsdale Equities LLC is acting as the placement agent for the offering on a best efforts basis. All of the shares are being offered by Tecogen.

    A closing of up to 2,000,000 shares is expected to occur on or about Monday, May 19, 2014, subject to customary closing conditions. The net proceeds of the offering will be used for working capital and general corporate purposes, including expanding Tecogen’s turnkey business, constructing a dedicated manufacturing facility for Tecogen’s majority owned subsidiary Ilios, Inc., expanding Tecogen’s low emissions technology to other markets and continuing product development.

    Tecogen’s common stock has been approved for listing on the NASDAQ Capital Market under the symbol “TGEN” upon official notice of issuance and adequate distribution. Tecogen expects that trading of its common stock on the NASDAQ Capital Market will commence as soon as practicable after the closing.

  • chaachaching by chaachaching May 18, 2014 8:27 PM Flag

    CAIRO, May 18, 2014 /PRNewswire/ --

    Aggreko, the world's leading temporary power and temperature control services has signed a contract with RWE Dea to deliver a 4 MW power plant to the Disouq onshore natural gas facility located in the Nile Delta in northern Egypt. RWE Dea has been operating in Egypt as an oil producer for nearly 30 years, with the Disouq project being the company's first natural gas development in the country.

    Production at Disouq commenced in September 2013 and the project is expected to produce a total volume of approximately 11.4 billion cubic metres of natural gas. The Aggreko installation will power operations across the entire site ensuring a constant and reliable power supply. The gas produced at the project will make a substantial contribution towards supplying the growing energy market in Egypt.

    "We are delighted to be supporting industry in Egypt during this important period for the country," commented James Shepherd, Managing Director, Aggreko Southern and East Africa. "Access to high-quality, reliable power will be vital in helping get local industry up and running, bringing jobs and prosperity to the people of Egypt. We see high potential in the local market and Aggreko will be investing to increase our presence in the country."

  • chaachaching by chaachaching May 15, 2014 3:46 PM Flag

    FORT LAUDERDALE, Fla., May 15, 2014 /PRNewswire/ -- In what may be the first of its kind in South Florida, Broward County will launch an innovative project at its wastewater treatment facility that will generate cost-saving electricity from a common urban waste: fats, oils and grease (FOG). The energy produced by the project will both offset utility-purchased power and help achieve county-wide carbon reduction benefits.

    The project, to be designed and built by Chevron Energy Solutions, is expected to generate almost 2 MW of power, reduce electricity usage by over 30 percent and save the county nearly $27 million in its first 17 years of operation.

    The groundbreaking event will take place on Thursday, May 15, 2014, at 10:00 am, at Broward County Water and Wastewater Services, 2555 W. Copans Road, Pompano Beach.

  • chaachaching by chaachaching May 10, 2014 2:05 AM Flag

    The California Independent System Operator Corporation (ISO) released today its 2014 summer assessment that shows the ISO system has adequate power supplies for meeting summer peak conditions across the state despite well below average hydroelectric supply. Southern Orange and San Diego counties will be a focus of summer grid operations in the event that heat waves, unexpected power plant outages or wildfires threaten transmission lines and challenge reliability in the area affected by the closure of the San Onofre Nuclear Generating Station.

    Under challenging conditions, ISO operators will count on customers participating in local demand response and conservation programs to reduce their power use when the ISO issues a Flex Alert through the media.

    “We know it is an inconvenience, but if the ISO issues a Flex Alert asking for conservation it is because the grid is under a lot of stress and we need to immediately reduce power demand,” said ISO President and CEO Steve Berberich. “Voluntary conservation is better than people losing power when demand outstrips supply.”

    Go the ISO website for Flex Alerts tips and TV commercials. Sign up for Flex Alert notifications via the phone app ISO Today.

    While drought conditions will have little impact on supply availability in San Diego and Orange counties, the overall ISO system will have less hydro-electricity than last year. As of April 29, 2014, statewide precipitation was at 56 percent of average. Meanwhile, snowpack water content was at 20% of average for the date and reservoir storage was at 63 percent of average for the date. The ISO expects to have 1,370 megawatts (MW) to 1,669 MW less of in-state hydro for summer 2014. Pacific Northwest hydro conditions are about normal and should help make up some for the low California hydro conditions.

    Operating reserve margins for the ISO system are good for normal conditions at 24 percent, but it could fall to about 14 percent during extreme conditions, which still remain above the threshold that puts customers at risk of power outages, which is triggered when reserves drop to the 3 percent level.

    The system-wide peak electric demand is expected to reach 47,351 MW during summer 2014, which is 646 MW more than 2013 weather normalized peak of 46,705 MW. The all-time record instantaneous peak demand was 50,270 MW in 2006.

    Meanwhile, the ISO projects that 53,950 MW of power capacity will be available this summer, which is an increase of about 3,243 MW of new generation since last summer. About 68 percent of the new generation is from renewable resources. Renewables make up about 22 percent of the ISO resource mix, which is an increase of about 4 percent from summer 2013. The ISO set a new instantaneous production record for solar power of 4,475 MW on April 30, 2014. The instantaneous wind record occurred on April 12, 2014 with 4,769 MW generated. As of May 1, the ISO has about 15,126 MW of renewable resource capacity connected to the grid.

    Sentiment: Strong Sell

  • chaachaching by chaachaching May 10, 2014 1:57 AM Flag

    KOHLER, Wis., May 7, 2014 /PRNewswire/ -- Kohler Generators has introduced a new 60 kW light commercial generator, the KOHLER 60RCL, which features a compact footprint and neighborhood-friendly sound levels. Now available through dealers nationwide, the unit is designed to keep businesses and large homes running when the power goes out.

    Barry Segal, president of MTS Power Systems, an authorized Kohler dealer based in Farmingdale, N.Y., expects the new model to be popular with customers. "There is a lot of pent-up demand for these units, given their smaller size and quiet sound levels," he said. "They are also aesthetically pleasing, especially for residential applications. They are a nice addition to Kohler's lineup of standby generators."

    Contributing to the quiet sound levels of the KOHLER 60RCL is a patent-pending, three-fan, automotive-style cooling system. This keeps the sound level during operation down to 61 decibels, which is normal conversation level.

    With its quiet, compact design, the generator is ideal for locations such as bank and credit union branches, restaurants, pharmacies and convenience stores in stand-alone buildings or retail centers that rely on critical power. It's also suitable for larger-size homes with greater power needs, especially those in warmer climates with high air-conditioning demands.

    Many small businesses, especially gas station convenience stores, can realize an immediate payback by having backup power during a utility outage, by preventing building damage that can happen when critical heating and cooling systems are down, protecting inventory, and staying open to serve community residents.

    Like all standby generators, the new 60RCL automatically turns on within seconds of a power outage. It provides reliable power for critical systems like sump pumps, air-conditioning and security systems to delicate electronics like computer equipment. The 60RCL's commercial-grade engine runs on either natural gas or liquid propane, so there's no need for refueling. Other features of the KOHLER 60RCL include:

    1,800 rpm, 5.7-liter engine, 60 Hz single-phase operation running on natural gas or LP
    Corrosion-resistant, neutral-colored aluminum enclosure
    Kohler brushless, rotating field alternator with broad range reconnectability
    RDC2 controller
    Compatible with RXT, RDT, and RSB transfer switches and OnCue Plus® Generator Management System (GM81385-KP2-QS) and Programmable Interface Module (PIM)
    UL/CSA certifications
    Five-year warranty

    Sentiment: Strong Sell

  • chaachaching by chaachaching Apr 23, 2014 2:32 AM Flag

    WALTHAM, Mass., April 16, 2014 /PRNewswire/ -- EuroSite Power Inc., (EUSP) an On-Site Utility solutions provider, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and leisure centres in the United Kingdom (UK) and Europe, has signed a contract worth £13.2 (US$22.09) million to install and own combined heat and power (CHP) systems at seven hotels owned by Topland Group.

    Under the terms of the 15 year agreement reached with Topland Group a total of 860 kW from seven modules of highly efficient combined heat and power (CHP) systems will be installed, owned and operated by EuroSite Power at seven of Topland's UK hotels – Aberdeen, Bournemouth, Cambridge, Derby, Glasgow, Irvine and Stratford upon Avon. Together the CHP systems installed will produce up to 11,255,330kWh of total energy per annum, while saving up to 2,034 tonnes of CO2 – equivalent to taking 428 cars off the road each year. The contract brings EuroSite Power's total contract bookings to £53.5 (US$89.35) million and 3,088 kW electrical capacity.

    Topland Group is one of the largest privately owned international investment groups whose principal activity is Commercial Real Estate, with a portfolio of over 270 properties, valued in the region of £4 billion. Topland has a strong track record of investing in the hotel sector. Investments include The Royal Crescent Hotel in Bath, a portfolio of Hilton hotels, a portfolio of Thistle hotels, the Welcome Break in North London and the Menzies Hotel Group.

    Lionel Benjamin, Director - Hotels for Topland Group said: "Keeping our operating costs under control is fundamental and as energy prices continue to rise we needed to find solutions that allow us to manage this risk. EuroSite Power's combination of zero upfront capital cost with discounted pay-as-you-go energy has proven the ideal solution."

    Commenting on the announcement, Paul Hamblyn, Managing Director of EuroSite Power, said: "Our new agreement with Topland further extends our reach into the all-important hospitality sector. It also brings the total number of systems that EuroSite Power has on contract to thirty. Like all EuroSite Power customers Topland can now look forward both to reduced operating costs and lower carbon footprints at each of these seven properties."

    On-Site Utility
    EuroSite Power sells the energy produced from an onsite energy system to an individual property as an alternative to the outright sale of energy equipment. On-Site Utility™ solution customers only pay for the energy produced by the system and receive a guaranteed discount rate on the price of the energy. All system capital, installation, operating expenses and support are paid by EuroSite Power.

  • chaachaching by chaachaching Apr 22, 2014 11:42 PM Flag

    Tecogen Announces the Sale of a 525-kW Ultra Cogeneration System to a California Hospital

    WALTHAM, Mass., March 5, 2014 /PRNewswire/ -- Tecogen Inc., announced today the sale of a
    525-kW cogeneration system for a major acute care hospital and its associated medical office buildings and clinics in greater Sacramento, California. This system will consist of seven (7) Tecogen modular
    75-kW combined heat and power (CHP) units equipped with Tecogen’s patented Ultra low emissions system. This CHP plant will produce electricity for the hospital’s on-site use, as well as heat for the heating and domestic hot water systems. Tecogen is expected to be contracted to maintain the CHP plant in the future. This system has been designed to significantly reduce the operating costs of the hospital as well as reduce the carbon footprint of the site.

    With best-in-class efficiency, local factory service centers, and low cost of ownership, Tecogen systems are a proven solution for reducing operating costs using CHP. With a 30-year track record of superior onsite support, the Tecogen service contract includes full warranty, all scheduled service, and necessary repairs and parts replacements, all within a single comprehensive factory program.

    Tecogen’s CHP modules come fully pre-packaged from the factory including engine, generator, oil/ jacket/ exhaust heat recovery, controls, electrical switchgear, emissions controls, and are equipped for remote monitoring and data-logging via phone modems or Internet communications. This factory pre-packaging allows for standardization and minimizes installation cost and complexity in the field. Available with either an indoor or outdoor enclosure and Tecogen’s patented Ultra low emissions system, these systems can be installed throughout the United States

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