Monday, July 9, 2012

Capstone Turbine Corp. (CPST) Receives 2MW Orders for Microturbines, Continued Signs of Expanding Market Position

Capstone Turbine, a top global cleantech manufacturer of low-emission microturbines, (and the first company to deliver a commercially viable microturbine to market) with over 6.5k units shipped worldwide, reported some 2MW worth of orders today from two sizeable domestic hydrocarbon producers, marking yet another set of customers in the oil and gas market to seize upon the benefits of the company’s robust, versatile microturbines for on-site prime power.

Once again, trusted CPST distributor Horizon Power Systems can be thanked for diligently working to secure new deals, with the first order (a C1000 Power Package) being a follow-on order from a rapidly developing Eagle Ford Shale operator down in Texas, and the other (a bundle of five C200’s) being destined for a 1MW installation up in Alberta. The Alberta system (a multi-well pad requiring multi-use generation that should see installation/commissioning in late August) in particular will showcase the extreme versatility of the company’s microturbines for being able to process a wide range of fuel types efficiently and effectively (low/high pressure natural gas being a huge draw for the hydrocarbon sector, with biogas/syngas, flare gas, diesel, propane, and kerosene all functioning very well).

Sam Henry, President of Horizon Power Systems, remarked on how CPST hardware was rapidly becoming the power-generation solution of choice in North America’s burgeoning hydrocarbon recovery sector and that the superb feature set engineered into the microturbines has really struck a chord with domestic oil and gas producers. Great news for this globally recognized cleantech leader and this latest order is further confirmation of the upward trend the UL-Certified ISO 9001:2008 and ISO 14001:2004 certified CPST has exhibited. A firm commitment to manufacturing reliable, industrial-grade equipment has made the LA-headquartered CPST well known, even outside the U.S. and other major markets like China, Mexico, Singapore, South America, and the United Kingdom where the company has sales/service centers.

Capstone’s turbines are known for more than fuel type versatility, though; they are known for being engineered to meet all the needs dreamed of in typical applications and were designed for modularity (can run solo or in series, grid-connected, or stand-alone) as well as extreme robustness (one moving part means low maintenance and long lifecycle, and the patented air bearing means no lubricating or coolant). The appeal to isolated resource recovery sites, (especially in hydrocarbons where natural gas can be utilized effectively for environmentally friendly on-site prime power), as well as for co-generation, backup power, and even hybrid electric vehicle applications, is obvious.

That Eagle Ford operator down in Texas picked up 12 microturbines earlier in the year to power pump jacks for their artificial lift and liked the product so much they came back for the big daddy C1000 to handle the new central gas processing facility power requirements (to be commissioned this summer).

President and CEO of CPST, Darren Jamison, called the orders a clear demonstration of the broad market appeal of the company’s low-emission, durable, and highly-efficient systems, adding that the oil and gas sector in particular was increasingly turning to Capstone as a provider of choice for round-the-clock reliability. Operators in the oil and gas sector really need the kind of well site optimization Capstone’s systems can provide, with production and millions of dollars on the line, often in remote locations. It is a perfect market for the company to see further expansion.

Jamison indicated that this order makes it roughly a dozen such orders pulled down in just the last 20 months from oil and gas operators, asserting that the company will be extremely dutiful in generating sector return growth moving forward, as more and more oil and gas customers seek out CPST’s innovative microturbines to meet their prime power needs.

For more information on Capstone Turbine Corp., head over to the company’s website at: www.CapstoneTurbine.com

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