Capstone Sells Turbine for Uzbekistan Oil ProjectThursday, July 21, 2016
Capstone Turbine Corp. received payment for two of its microturbines to be shipped to a flare gas utilization project in the Republic of Uzbekistan.
The Chatsworth company anticipates commissioning the two C1000 Signature Series microturbines in November. BPC Engineering, Capstone’s largest distributor in Russia, brokered the deal.
The microturbines will be powered by natural gas that would otherwise be flared, or vented, into the atmosphere. Using the turbines will result in cost savings and is better for the environment. They will be the primary power source for the oil and gas production facility as well as powering a water pump and cooling systems.
Capstone Executive Vice President of Sales and Marketing Jim Crouse said the sale to Uzbekistan is another example of oil and gas companies turning to the company’s microturbines to reduce gas flaring.
“Capstone microturbines operate efficiently and reliably on the most challenging associated gases,” Crouse said in a prepared statement.
Shares closed up 2 cents, or 1.4 percent, to $1.48 on the Nasdaq.