Capstone Secures Large 6MW Follow-On Order From Prominent Mid-Atlantic Natural Gas Producer
CHATSWORTH, Calif., Aug. 12, 2013 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced a substantial follow-on order for an additional six megawatts from a prominent interstate pipeline and midstream company in the Mid-Atlantic area in the United States. The new order includes six Capstone C1000 Power Packages for three separate locations.
E-Finity Distributed Generation, the Capstone microturbine distributor for the Mid-Atlantic and Southeastern U.S., secured the follow on order.
The order will provide prime power to three additional liquid stripping facilities located in West Virginia's remote northern panhandle and is a follow-on order from two C1000 Power Packages and two C600 Power Packages the company recently purchased in early July.
The natural gas fueled turbines will be used to power propane stripping equipment at the sites. Each site will have a 900 horsepower refrigeration compressor and several large condenser fans. Capstone turbines have a proven track record of powering large motors at remote sites throughout the Marcellus, Utica and Eagle Ford shale plays. The industry leading natural gas pipeline company will rely solely on Capstone's clean power to meet their production quotas at the remote plants.
"Capstone's proven track record of producing ultra low emission and low maintenance generators for the oil and gas industry that are extremely reliable is exemplified by this prominent natural gas company's rapid adoption and deployment of the Capstone technology," said Jim Bondi, E-Finity's Director of Operations.
The Capstone units, which are scheduled to be operational in November, were chosen over the local power grid because of availability and cost. In some areas, the grid is miles away and build out would be cost prohibitive and take several months. E-Finity's Applications Team will be working closely with the customer and their engineers to finalize the design quickly in order to meet the customer's deadline.
"This second order will bring the customer's total fleet up to 9.2MW in the West Virginia area," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "This significant follow-on order from another new oil and gas customer is a great example of how Capstone is quickly becoming an industry leader in providing clean-and-green energy in the U.S. and global oil and gas markets."
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST) is the world's leading producer of low-emission microturbine systems and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped approximately 7,000 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2008 and ISO 14001:2004 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York Metro Area, Mexico City, Nottingham, Shanghai and Singapore.
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This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the environmental advantages and reliability of our products and the use of our products in the oil and gas market. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
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Released August 12, 2013