Capstone Turbine receives C200 order in the U.K. Capstone Turbine Corporation announced its first order out of the United Kingdom for a C200 natural gas microturbine to be installed at a Royal Air Force base. The microturbine will be used in a CHP district heating application with the electricity generated being connected into the Junior Ranks Mess. During the summer the microturbine will operate in isolation and provide all of the thermal output to cover the hot water requirement via the district heating system to six accommodation blocks and a rugby club. By utilizing the heat generated from the microturbine, they will no longer need to run the electric immersion heaters in each accommodation block throughout the summer. During the winter the microturbine will be the lead heat source and the two current 1.4MW boilers will provide additional input to provide the necessary heating. The estimated payback time for this project is less than 3.5 years.
Capstone Turbine receives Nasdaq approval to transfer listing On June 18, Capstone Turbine received approval from the Nasdaq Stock Market to transfer the listing of the company’s common stock from the Nasdaq Global Market to the Nasdaq Capital Market. This transfer will be effective at the opening of business on Monday, June 22. The company’s common stock will continue to trade under the symbol “CPST.” The Nasdaq Capital Market is a continuous trading market that operates in substantially the same manner as the Nasdaq Global Market and requires listed companies to meet certain financial requirements and comply with Nasdaq’s corporate governance requirements.