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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.
News For CPST From The Last 14 Days
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November 24, 2014
08:39 EDTCPSTCapstone Turbine secures order from Memorial Sloan Kettering Cancer Center
Capstone Turbine announced that it received another order from the healthcare industry for a C1000 microturbine to upgrade the Memorial Sloan Kettering Cancer Center in New York City, New York. Earlier this year Capstone received orders for two C800s and a C1000 to be installed in two Southern California area hospitals. RSP Systems, Capstone's distributor for New York, secured the order, which is scheduled to ship in mid 2015 and be commissioned in early 2016.

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