Powerphase Receives Order for Turbophase System Upgrade on Siemens Westinghouse 501F Gas Turbines

JUPITER, February 18, 2019 – Powerphase has received an order for a 12.75 MW upgrade on a Siemens Westinghouse 501F gas turbine plant. The order is significant for Powerphase and its customer for several reasons. First, this represents Powerphase’s first installation on a Siemens Westinghouse 501F gas turbine. Second, the plant is under an OEM LTSA, which demonstrates Powerphase equipment synergistic nature with OEM covered equipment. Third, this is Powerphase’s first order in the rapidly growing Latin America market. And lastly, the financial arrangement allows PowerPHASE and the customer to share in the revenue generated from the sale of the 12.75 MW on the merchant market, demonstrating the unique financing arrangements that are available with Powerphase equipment. The project is expected to go live or “COD” by the end of 2019.