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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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August 28, 2014
11:53 EDTCPSTCapstone Turbine management to meet with Craig Hallum
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08:32 EDTCPSTCapstone Turbine recieves order from Optimal Group in Australia
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August 25, 2014
08:33 EDTCPSTCapstone Turbine receives 5.5MW order from BPC Engineering
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August 21, 2014
08:43 EDTCPSTCapstone Turbine announces follow-on order for 75 C65s from Horizon Power
Capstone Turbine announced that it received an order for seventy five C65 microturbines, scheduled for shipment through December 2014, from Horizon Power Systems for several U.S. Oil and Gas Customers. The order was placed by Horizon Power Systems, Capstone's distributor for the Eagle Ford, Permian, Barnett, Mancos, San Juan, and Wattenberg shale plays. Recognizing Capstone's demonstrated success in oil and gas operations, multiple customers are again choosing clean and green microturbine technology to power their production and compression operations. This order will expand Horizon's fleet to approximately 700 Capstone microturbines, the majority of which serve the demanding oil and gas market. The microturbines will provide prime power and serve all stages of oil and gas production including central processing station power, wellhead operation, transmission, and flare reduction.
August 19, 2014
08:42 EDTCPSTCapstone Turbine expands CHP footprint in Russian manufacturing sector
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August 18, 2014
08:39 EDTCPSTCapstone Turbine receives 9MW factory protection plan contract
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