CHATSWORTH, Calif., Aug. 10, 2016 (GLOBE NEWSWIRE) — Capstone Turbine Corporation (www.capstoneturbine.com) the world’s leading clean technology manufacturer of microturbine energy systems, announced today that it recently received an order for a C1000 Signature Series microturbine and a C600 Signature Series microturbine for an oil and gas platform off the coast of California.
Regatta Solutions, Capstone’s distributor in California, secured the order, which is expected to be commissioned in December 2016. The customer chose Capstone microturbines for their price performance, proven reliability and experience in difficult offshore platform environments. Capstone microturbines also meet the local South Coast Air Quality Management District (AQMD) Best Available Control Technology (BACT) emissions level requirements, which helps to streamline the air emissions permitting process.
“This order is reflective of the efficiency optimization initiatives we are starting to see from our oil and gas clients who are focused on reducing their operations costs while simultaneously protecting the environment,” said Steven Acevedo, President and Chief Executive Officer of Regatta Solutions.
The associated gas-fueled C1000S and C600S microturbines will be installed in a combined heat and power (CHP) application and operate using the onsite associated gas stream to relieve the flaring requirement for the platform. Hot water, produced from the microturbine exhaust, will provide heating for the production process to reduce additional energy needs. The microturbines will provide power to site loads, lowering operating costs for the end customer.
“Despite the prolonged two-year slump in the energy industry, oil and gas producers are starting to look for creative ways to reduce their operational costs and meet increasingly stringent flaring requirements, which is positive for our business,” said Darren Jamison, President and Chief Executive Officer at Capstone. “Capstone is able to leverage its demonstrated success in the oil and gas market and deliver low-cost, highly reliable energy solutions to oil and gas operations around the world,” added Mr. Jamison.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST) is the world’s leading producer of low-emission microturbine systems and was the first to market commercially viable microturbine energy products. Capstone has shipped approximately 8,800 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone is a member of the U.S. Environmental Protection Agency’s Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation’s energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2008 and ISO 14001:2004 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the United States, Latin America, Europe, Middle East, China and Singapore.
April 28, 2016 01:10 PM Eastern Daylight Time
As the Oil & Gas Practice Principal for Regatta Solutions, Logan will be responsible for business development of energy solutions for producers and refiners with a focus on California, Washington, Oregon, and Nevada.
Prior to joining Regatta, Logan was Vice President at Allen Co, a California oil producer, well servicer, and well abandonment company. “With a background in California oil production, Logan understands the need for oil and gas producers to operate efficiently by reducing Lease Operating Expenses and enabling producers to become more self reliant for their energy needs,” said Steven Acevedo, President and CEO of Regatta Solutions. “His experience with urban oil production and distributed generation adds to the value Regatta delivers to oil and gas clientele.”
Logan Allen has a Bachelor’s Degree in Accounting and a Master’s of Taxation from Georgia State University. He founded and remains active in the leadership of The Young Professionals at The Petroleum Club, a non-profit organization dedicated to developing tomorrow’s leaders in the Southern California oil and gas industry. He frequently speaks on behalf of the industry in front of California legislators, regulators, and the public.
About Regatta Solutions
Regatta Solutions works with clients in the Western United States to lower their industrial power bills and leverage onsite generation technologies like microturbines. Its solutions drive positive bottom line and sustainable results for facilities including: Food and Beverage, Hotels, Manufacturing, Healthcare, Landfills, Waste Water Treatment, Recreational Parks and Pools, Oil and Gas, Data Centers, Educational, and Marine applications. For more information about Regatta, visit its websites athttps://regattasp.com/, on Facebook, Twitter, LinkedIn and YouTube.
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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