Capstone Turbine Corp. received an order for one of its microturbines for a microgrid project in China.
The Chatsworth manufacturer will commission the natural gas-powered C600 Signature Series microturbine in October. Beijing Haohai Power, a Capstone distributor in China, secured the order, the first for the C600 in that country.
The microturbine will operate in parallel with wind, solar and energy storage systems onsite to provide maximum environmental benefit and optimal return on investment.
Capstone Chief Executive Darren Jamison said the interest in microgrids, which use multiple energy sources to generate and store power, is expanding worldwide.
“Reports differ somewhat but most estimates today put the overall value of the market for microgrids and remote power systems in the several billion-dollar range with forecasts to rise nearly twentyfold over the next decade,” Jamison said in a prepared statement.
Capstone announced the sale Monday. Shares closed Tuesday up 2 cents, or 1.4 percent, to $1.50 on the Nasdaq.