Trends In Power Usage
An initial public offering document that was filed with the Securities and Exchange Commission (SEC) by Chatsworth, Calif.-based Capstone Turbine on November 6 states:
“With the trends of continuing deregulation in the electric utility industry and increased reliance on sensitive digital electronics in day-to-day life, industrialized societies are increasingly demanding high-quality, high-reliability power.”
The document explains that end-users now have a greater freedom of choice and are investigating alternative-power sources to protect their business operations and equipment from costly interruptions. The potentially disastrous consequences of even momentary system failure has led to a rapidly growing market sector for on-site backup, stand-by and peak-shaving power equipment. Customers with particularly low tolerances for power service interruptions represent a significant and growing potential market.
From Pure Power, Spring 2001