Capstone Turbine Corporation ("Capstone" or the "Company") develops,
manufactures, markets and services microturbine technology solutions for use in
stationary distributed power generation applications, including cogeneration
(combined heat and power ("CHP"), integrated combined heat and power ("ICHP"),
and combined cooling, heat and power ("CCHP")), renewable energy, natural
resources and critical power supply. In addition, our microturbines can be used
as battery charging generators for hybrid electric vehicle applications.
Microturbines allow customers to produce power on-site in parallel with the
electric grid or stand alone when no utility grid is available. Several
technologies are used to provide "on-site power generation" (also called
"distributed generation") such as reciprocating engines, solar power, wind
powered systems and fuel cells.