March 2014 – Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, announced today it received orders for fifty Capstone C65 microturbines for oil and gas production in the United States.
Horizon Power Systems, Capstone’s exclusive oil and gas distributor for the Eagle Ford, Permian, San Juan and Wattenberg Shale plays, secured the orders to support the growing power needs of its existing customers. The orders will bring the total fleet to more than 550 microturbines in operation in Horizon’s area of responsibility and will serve various stages of oil and gas production including powering central processing stations, well-head operation, and flare reduction.
“North American shale gas producers continue to adopt Capstone microturbines because they want the high reliability and low emission benefits of our products,” said Sam Henry, President of Horizon Power Systems. “Additionally, customers are committed to conducting business safely, in a socially and environmentally responsible manner, which is precisely what Capstone microturbines deliver.”
Capstone continues its rapid penetration of the North American shale gas market with these follow on orders. These orders help demonstrate that Capstone’s low emission, durable, and highly efficient microturbines are the preferred choice for around-the-clock production and optimized well site performance. Capstone’s low maintenance ensures a higher availability than its competitors and also reduces operational costs.
“The oil and gas market continues to show steady growth worldwide,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. “Capstone microturbines have become the go to power source for producers that want extremely reliable, easy to deploy and low emission onsite power solutions. The repeat order indicates our customers’ satisfaction with our clean and green solutions.”