Capstone's Jim Crouse To Testify At Today's House Energy And Commerce Committee Hearing

CHATSWORTH, Calif., Feb. 26, 2013 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation ( ) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced that Jim Crouse will testify on behalf of the U.S. Combined Heat & Power Association. Mr. Crouse will sit on a panel at the hearing that will feature representatives from a wide range of private industries to discuss innovation in energy savings performance contracts, combined heat and power systems, and industrial efficiency technologies.

The panel of the House Energy and Commerce Committee will highlight private-sector innovation and success in energy efficiency -- and the bipartisan support for those efforts -- in today's hearing.

Energy efficiency has been a particular focus of the Obama administration. The United States Department of Energy (DOE) has launched several efficiency-related goals and initiatives, including reducing commercial building energy use by 20 percent by 2020; issuing codified efficiency standards for more than 30 products since 2009, with another nine standards likely to be finalized by the end of this year; and enabling the federal government through energy savings performance contracts (ESPCs) to save $3.5 billion in energy costs associated with approximately $1.2 billion in project investment through the Federal Energy Management Program, according to DOE's website. The U.S. government has committed $2 billion for performance-based contracts to improve the energy efficiency of federal buildings by 2014.

Sen. Lisa Murkowski (R-Alaska), ranking member of the Senate Energy and Natural Resources Committee, tops the witness list for the Energy and Power Subcommittee hearing, along with Sen. Jeanne Shaheen (D-N.H.).

Chairman Ed Whitfield (R-Ky.) aims to continue to tout the bipartisan and bicameral interest in energy efficiency, along with the private sector's benefits and challenges -- including innovative financing, government contracts, consumer interest and support for combined heat and power and waste heat recovery, according to the committee hearing background memo.

In addition, Murkowski is likely to discuss her energy "blueprint" of 200 policy recommendations released earlier this month, which includes making financing accessible for efficiency retrofits in both the federal arena and private markets and improved integrated efficiency systems, as measured per unit of gross domestic product rather than through less energy production ( Greenwire, Feb. 4).

Shaheen co-sponsored a controversial bill on energy efficiency last year, S. 1000, with Sen. Rob Portman (R-Ohio). The bill included mandates that the Energy Department better coordinate efficiency research, a requirement to study the deployment of industrial energy efficiency and provisions related to the government's use of advanced metering, energy management and data collection.

The bill stalled over disagreement on a new DOE loan guarantee and other financing mechanisms to promote efficiency and new recommended building codes. Portman said last year that they planned to adjust the legislation with an eye toward fiscal responsibility for this congressional session.

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