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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.
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September 18, 2014
08:35 EDTCPSTCapstone Turbine announces 2 MW order for offshore platform
Capstone Turbine announced that it received an order for two C1000 microturbines for an offshore oil and gas platform in Africa. The two C1000s will run on flare gas to power artificial lift equipment, more specifically electrical submersible pumps that are used to increase oil production. The artificial lift market was more than $9.2B in 2012 and is forecasted to grow to $16B in 2018. Africa and the Middle East are expected to represent 13% of this growth year over year.
September 4, 2014
08:50 EDTCPSTCapstone Turbine announces 2 MW CHP order from Regatta Solutions
Capstone Turbine announced that it received an order for two C1000 microturbines to upgrade a technology innovation firm in Southern California. Capstone's distributor in California, Regatta Solutions, secured the two-megawatt order. The technology innovation firm conducted an analysis of their energy usage and decided it was time to upgrade to a more efficient and reliable power generation solution. After comparing various technologies, the firm chose Capstone's clean-and-green microturbines. The primary criteria in the decision making process were reliability, availability, cleanliness, and cost savings. The two natural gas fired C1000 microturbines are dual mode, meaning they can operate independently of the grid or work with the grid in a load sharing capacity. This ensures the firm is receiving the lowest electricity cost available at various times of the day and year. Additionally, the C1000's will be operating in a combined heat and power, or CHP, application. The clean exhaust from the microturbines will be captured via heat exchangers and will provide hot air and hot water to the facility. This boosts the overall efficiency of the firm's energy usage to greater than 80%.

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