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Stock Market & Financial Investment News

News Breaks
March 18, 2014
08:37 EDTCPSTCapstone Turbine receives orders for approximately 4 MW
Capstone Turbine announced it recently received multiple orders from E-Finity Distributed Generation for microturbines to be used for oil and gas operations in the Marcellus and Utica Shale regions. E-Finity Distributed Generation, Capstone's exclusive oil and gas distributor for the Marcellus and Utica Shale plays, secured the nearly 4 MW of orders from two of their current customers and one new customer. One of the repeat customers is once again turning to Capstone and E-Finity to power two of their compressor stations in West Virginia. Each compressor station will have two C600 Capstone Power Packages, providing both primary and backup power. Another follow-on customer of E-Finity, a major midstream company, selected a C800 power package as the three-phase power source for a new compression facility. Due to the construction schedule and remote location, the utility grid power was not a viable or cost effective option. The third order came from a new customer who has embarked on a venture to create a midstream system to move wet gas from the Utica Shale in Ohio to processing facilities along the Ohio River in West Virginia.
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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.

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