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Stock Market & Financial Investment News

News Breaks
August 18, 2014
08:39 EDTCPSTCapstone Turbine receives 9MW factory protection plan contract
Capstone Turbine announced that it has signed a Factory Protection Plan, or FPP, contract for nine C1000s increasing the total contract backlog for Capstone FPPs to a record of over $55M. This $55M in service backlog is in addition to the record $175M product backlog as of June 30. Horizon Power Systems, a leading energy supplier in the Oil and Gas market boasting a fleet of over 600 Capstone microturbines in operation, secured the FPP service contract to cover a major oil and gas producer's nine Capstone C1000 power packages at multiple locations.
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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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