Capstone Turbine Corp. (CPST) Sells Three C1000 MicroTurbines to Independent Oil & Gas Producer for Production of Electricity

Capstone Turbine, the world’s leading clean technology manufacturer of microturbine energy systems, today announced that they have inked a deal for three Capstone C1000 microturbines that will provide three megawatts of clean power to an Independent Oil & Gas producer working in the Eagle Ford Shale play. Installation and commissioning of the multiple megawatt microturbines should be completed in 90 days. Capstone’s distributor, Horizon Power Systems, expects that the customer will order additional C1000 Power Packages in 2012 to continue to provide power for the central processing facility and metering stations in the remote areas of the Eagle Ford Shale play.

“The adoption and deployment of Capstone microturbines continues to accelerate in the worldwide oil & gas markets,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing in a press release. “Specifically, we continue to see very strong order activity in Russia for associated gas applications and in the Marcellus and Eagle Ford shale plays here in the U.S.”

Capstone’s technology creates reliable power using unprocessed wellhead gas to generate continuous load-following power. The microturbines work without the use of oil, lubricants, coolants, other hazardous materials or even water thus eliminating the need for transporting, storage and costly hazmat spill/leakage issues associated with engine gensets. In the Eagle Ford Shale play, the power created will provide clean and green electricity for the onsite equipment, including heaters, pump motors, circulation pumps and distribution panels.

“It’s great to get another significant oil and gas producer to adopt Capstone’s cutting edge turbine technology,” said Sam Henry, Horizon Power Systems (Pumps & Service) President in the press release. “They, like other Eagle Ford producers, are understanding the high reliability and low emission benefits of the Capstone family of products and the important role microturbines can play in ensuring around-the-clock energy production.”

As the first to market with a commercially viable microturbine energy product, Capstone Turbine has shipped over 6,000 systems worldwide. Additionally, this is the fourth Independent Oil & Gas provider to use Capstone technology in the U.S. shale market.

For more information, please visit www.capstoneturbine.com


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