Capstone Turbine and Mariah Energy Sign Marketing Agreement; Innovative combined heat and power packages to save money, energy

Business Wire, Jan 14, 2000

Business Editors

WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Jan. 14, 2000

Capstone Turbine Corporation, the world's leading provider of commercial microturbines, and Mariah Energy Corp., an Alberta, Canada energy services company and integrator of combined heat and power (CHP) systems, today announced a marketing agreement in which Mariah will incorporate Capstone MicroTurbine(R) power systems into CHP products.

Mariah's CHP systems will combine heat exchangers, load management equipment and electronic controls with Capstone's ultra-low-emission microturbines to produce heat and electric power. These integrated systems will achieve 70-80% thermal efficiency, twice that of the average fossil fuel power plant. NOx emissions are 1/20th those of natural gas power generators and 1/200th those of diesel generators.

One of Mariah Energy's first installations will include a microturbine-powered CHP system to serve the heat and power needs of an innovative combined commercial-and-residential building in Calgary. Office space will be at street level with 12 townhouses spanning the second and third floors.

"Many industries, including the construction industry, are looking favorably at solutions that simultaneously produce heat and power economically and efficiently," said Ake Almgren, Capstone's president and CEO. "Capstone has worked on a number of CHP projects with companies in the U.S., Europe and Asia. We look forward to working with Mariah Energy to develop innovative approaches to clean and efficient combined heat and power generation in Canada."

Capstone is the world's first and only company manufacturing this virtually maintenance-free power generation technology for stationary and vehicular power applications.

"Developers and building managers tend not to be interested in technology," said Paul Liddy, President of Mariah Energy. "They are interested in cost control and the payback on capital investment instead. They find the promise of reliable back-up power for a building complex and guaranteed competitive rates for heat and power with little or no initial capital outlay really attractive."

About Capstone Turbine Corporation

Headquartered in Woodland Hills, Calif., Capstone Turbine Corporation is the world's leading manufacturer of microturbine power generators. Capstone's air-cooled design and patented air bearing technology eliminate cooling and lubrication needs, thus avoiding the high maintenance costs of traditional power generation systems. At less than 9 ppm NOx, emissions are among the lowest of any non-catalyst fossil-fuel combustion technology. Capstone MicroTurbines meet today's needs for efficient combined heat and power; oilfield flare gas reduction and other types of resource recovery; power capacity additions, load management; stand-alone power and hybrid electric vehicles. Commercial units began shipping late in 1998. Company information may be found at www.capstoneturbine.com.

About Mariah Energy Corporation

Mariah Energy Corporation is part of the Suncurrent Group of companies based in Calgary, Alberta, Canada. Mariah, a specialist in cogeneration solutions, offers turn-key custom systems that provide engineered heat and energy delivery for commercial, residential and industrial applications. Company information may be found at www.suncurrent.ab.ca.