This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Capstone Turbine Corporation Secures Follow-on Order For Six C65s From Large Natural Gas Producer With Current Capstone Fleet Exceeding One Million Operating Hours

Stocks in this article: CPST

CHATSWORTH, Calif., March 17, 2011 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation ( www.capstoneturbine.com ) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced it sold six additional C65s to a prominent natural-gas producer whose current fleet of 49 Capstone microturbines has exceeded 1 million run time hours.

Pumps & Service, the Capstone Turbine distributor responsible for selling and securing the robust fleet of natural gas microturbines since 1999, indicated that the six additional C65 microturbines will expand the producer's minigrid system in New Mexico's San Juan Basin. The six new C65 microturbines, which will be installed in June, will be part of a microturbine generation station that provides power to pumping and water transfer units at remote sites via a complex underground electrical system.

"This is Pumps & Service's longest running project using Capstone microturbines," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "With extremely remote wellsites in mountainous terrain that averages 6,500 feet in elevation, the producer needs an exceptionally reliable power source. Many of the microturbines in this company's fleet have run for 12 years. They are incredibly durable."

In Northern New Mexico's rugged mountains, wellsites often are located five miles or more from a central facility. The central facility is key to the production process because it collects water pumped from the ground at each remote site. Traditionally, the water has been hauled through the rugged terrain by truck to the central facility, making the production process extremely expensive.

Capstone microturbines allow the producer to pump water from tanks at each wellsite to a central water disposal facility, where the water is then returned to the ground, thus eliminating the need for water hauling. In addition to significantly lowering costs, the removal of water trucks from the mountain roads eliminates harmful emissions and excessive dust.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs