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TheStreet Open House

Capstone Secures Large 6MW Follow-On Order From Prominent Mid-Atlantic Natural Gas Producer

Stocks in this article: CPST

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.

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