CHATSWORTH, Calif., May 6, 2015 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it recently received 1.4MW of 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 distributor for the Marcellus and Utica Shale plays, has secured multiple orders totaling 1.4MW of electric power. The orders came from one of their largest Capstone customers.
The shale customer is once again turning to Capstone and E-Finity to power two new compressor station facilities in the state of New York. A Capstone C800 Series product will power one station and the other will have a C600 Series product. Both sites will have a heat exchanger paired with their Capstone system. The combined heat and power systems will provide both primary electric power and a water heating source for buildings and facility fuel gas heating.
The customer chose Capstone's clean-and-green technology due to its continuous duty rating and the low emission and maintenance the turbines provide. The customer has also put their trust in the Capstone product by investing in Capstone's Factory Protection Plan, which will provide 24/7, year round maintenance for their turbines.
"It's great to see our Oil & Gas customers take advantage of our clean waste heat and cogeneration, increasing their overall efficiency. In fact, these sites have the ability to be upwards of 75% efficient," said Jeff Beiter, Managing Partner for E-Finity.
"Despite the precipitous drop in oil prices, shale gas production continues to expand just at a slower and more deliberate rate than a couple years ago," stated Darren Jamison, President and Chief Executive Officer at Capstone Turbine. "Shale gas producers are focused on increasing efficiency and lowering operating costs in response to the drop in energy prices. Follow-on orders like this certainly indicate that major oil and gas producers are continuing to select Capstone's efficient and low life cycle cost microturbines as their preferred option for their critical onsite power needs," added Jamison.
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 8,000 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, United Kingdom, Mexico City, 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 growth of the oil and gas market and the advantages of our products. 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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Source:Capstone Turbine Corporation