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Stock Market & Financial Investment News

News Breaks
January 17, 2014
08:37 EDTCPSTCapstone Turbine receives multiple orders for customers in Permian Basin
Capstone Turbine announced that it has received orders for two Capstone C1000s and an order for 25 Capstone C65 microturbines to be used for oil and gas production in the Permian Basin located beneath west Texas and southeastern New Mexico. According to an October 2013 article in Investors Daily, the Permian Basin receives a fraction of the press coverage accorded the Bakken and Eagle Ford, but it has more production potential than these two shale formations combined. Horizon Power Systems secured the order for the two Capstone C1000 microturbines to be used by an independent oil and gas producer in the area. This marks Capstone's first multiple megawatt project in the Permian Basin after previously installing multiple C30s and C65s at project sites in the region. The C1000s will replace unreliable grid service from the local utility and be used to power the client-owned electric grid. This small local grid will supply power to various well locations in addition to the field operations office. The site is expected to be commissioned in March.
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November 10, 2014
08:50 EDTCPSTCapstone Turbine secures C1000 order to upgrade pasta factory in Sicily
Capstone Turbine announced that it received an order for a C1000 microturbine to upgrade a food manufacturing facility for Sicilian pasta maker Tomasello. IBT Group, Capstone's Italian distributor, secured the order through Onda Energia, the local multi-utility energy service company, or ESCO, in Sicily. Tomasello's microturbine installation will work in parallel with the region's utility grid, providing improved energy management and reliability to the food manufacturer. The project is expected to be commissioned in early 2015.

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