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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.

 

Read the original press release and find complete details on Capstone Turbine.

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Capstone Turbine Secures Second Major Order in December as the Market in Mexico Heats Up — Latest Order is Fourteen C1000s for Multiple Industrial CHP Projects

CHATSWORTH, Calif., Jan. 6, 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 another significant order from Mexico for fourteen C1000 microturbines for multiple CHP projects in Mexico.

Capstone microturbines at Mexico pipeline

Capstone Turbines Ordered for Mexico’s Multiple Industrial CHP Projects

“This substantial order was received just weeks after we received the order for six C800 microturbines and sixteen C30 microturbines for the second phase of the Los Ramones pipeline project in Mexico,” said Darren Jamison, President and Chief Executive Officer atCapstone Turbine. “These two orders combined total approximately $17 million and should make Mexico a top 5 market for calendar year 2015,” added Jamison.

DTC Ecoenergia, Capstone’s Mexican distributor, secured the latest order. Two of the C1000 microturbines shipped in late December, and the balance of the order will serve multiple projects expected to be commissioned over the balance of 2015.

According to Cogeneration and On-Site Power Production magazine, the Mexican Congress passed energy reform legislation in 2008 as part of a national commitment to reduce greenhouse gas emissions by 50% from their 2002 levels by 2050. The government is promoting CHP, or cogeneration, as an energy efficient option to help meet national energy goals and estimates the country’s potential CHP capacity could top 15.5GW by 2020.

The Mexican manufacturing industry, like that in the United States, is benefiting from cheap natural gas which allows facilities to generate their own heat and power very efficiently and economically.

Capstone microturbines are the ideal fit for cogeneration projects given their compact footprint, clean emissions, and quiet operation. Additionally, Capstone microturbines utilize a patented air bearing and do not require coolants or lubricants. This allows for longer run time between maintenance intervals and ensures operational costs remain low.

Deploying the microturbines in a cogeneration application where the exhaust heat is utilized can raise the overall site efficiency to over 80%. In a trigeneration application, where cold water is also produced, efficiency levels can reach as high as 90%.

“Having leveraged our demonstrated success with cogeneration projects in Europe and the U.S., we are excited to see further growth and penetration in the expanding Mexican market,” said Jim Crouse, Executive Vice President of Sales and Marketing at Capstone Turbine. “Utilizing reliable and efficient microturbines as an alternative to the expensive and unpredictable local utility provides businesses significant savings and a positive impact on their bottom line,” added Crouse.