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Capstone Secures Order for 25 Microturbines as U.S. Oil and Gas Markets Begin to Strengthen in Key Shale Plays

CHATSWORTH, Calif., June 3, 2015 (GLOBE NEWSWIRE) — Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, announced today that it received an order for 25 C65 microturbines to fulfill the continual expansion of existing oil and gas customer fleets in shale plays across the western United States.

Horizon Power Systems, Capstone’s distributor for the Eagle Ford, Permian, Barnett, Mancos, San Juan, and Wattenberg Shale plays, secured the order, which is expected to be commissioned later this year. The order will serve numerous facets of the shale oil and gas production process and help to bolster aging infrastructures throughout these regions.

The natural-gas-fueled C65 microturbines will be installed in dual mode, which allows each customer to operate independently of the grid or with the grid in a load sharing capacity. Once commissioned, the microturbine systems will decrease the operating costs of key U.S. shale operations and ensure that reliable power is delivered to each site.

“As the U.S. shale market strengthens, Capstone stands ready with efficient and reliable microturbine energy solutions for both new and follow-on customers,” said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. “From urban to remote locations, Capstone microturbines continue to be the ideal solution for oil and gas producers looking to reduce operational expenditures and improve their on-site performance,” added Crouse.

“This significant new order is received following our recent order coming out of the Marcellus and Utica Shale Plays which had been secured by our distributor E-Finity Distributed Generation. Having our distributor Horizon Power Systems secure an impressive 25 microturbine unit order should be considered a clear market indicator that shale gas producers are continuing to focus on increasing efficiency while lowering their operating costs despite the low energy prices. Capstone microturbines are becoming a brand name to which customers turn for highly reliable and low-maintenance energy solutions within the global oil and gas industry,” stated Darren Jamison, President and Chief Executive Officer at Capstone Turbine Corporation.

 

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