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Stock Market & Financial Investment News

News Breaks
January 23, 2013
16:21 EDTCPSTCapstone receives another follow-on order from Australian coal seam gas company
Capstone Turbine announced that it received another follow-on order from a large Australian coal seam gas company. The initial order in July 2008 was for the supply of 110 C30 microturbines, which was later increased to 154 C30's in 2009. The first follow-on order was for 44 C30 microturbines in October 2012. The majority of these units were shipped in November and December 2012. The latest order is for 36 units increasing the total number of units sold to date to 234 C30 microturbines. These orders are part of a periodical supply contract for the life of the project, at least five years, received from Capstone's Australian distributor, Aquatec-Maxcon Pty.
News For CPST From The Last 14 Days
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December 15, 2014
08:40 EDTCPSTCapstone Turbine up 11.3% after securing Mexican pipeline project
08:40 EDTCPSTCapstone Turbine secures order from Mexican pipeline project
Capstone Turbine announced that it received an order for six C800 microturbines and sixteen C30 microturbines for the second phase of the Los Ramones pipeline project in Eastern Mexico. Industrias Energetícas, Capstone's distributor in Mexico, secured the order, which is one of the largest in Capstone's history. The pipeline project is a part of the Mexican Energy Reform, which was established as a way to reduce electricity and gas prices in the country over a span of two years. The Energy Reform will also expedite natural gas production, from 5,700 million cubic feet a day, or Mcf/d, in 2013 to 8,000 Mcf/d in 2018 and 10,400 Mcf/d in 2025. The entire project will cost $2.5B and carry natural gas over a distance of 1,021 kilometers, supplying one-third of Mexico's natural gas needs at a much lower cost than that which is currently being shipped in liquefied form from the Middle East, Africa and South America. Six C800 high-pressure natural gas microturbines will be installed at two compression stations of the pipeline project and sixteen C30 microturbines at metering stations in between. The microturbine systems will all operate in stand-alone mode, acting as the primary source of power at each location.
December 8, 2014
08:31 EDTCPSTCapstone Turbine secures 3MW order to upgrade glasshouse in South Australia
Capstone Turbine announced that it received an order from Optimal Group for three C1000 microturbines to upgrade D'VineRipe's 27 hectare glasshouse located at Two Wells in South Australia. Optimal Group, Capstone's Australian distributor, secured the order, which is expected to be installed and commissioned in April 2015. Earlier this year, Capstone received an order from Optimal Group for fifty C65 microturbines with integrated heat exchangers for the launch of its microturbine based rental fleet. The D'VineRipe glasshouse project will increase the total amount of Capstone microturbine power in Australia to 18MW.

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