Capstone Sells Two Turbines in Slovenia

Capstone Turbine Corp. received an order for two of its natural gas-fueled C200 microturbines from a textiles and home furnishings manufacturer in Slovenia. The Van Nuys company received the order through Laibach, its exclusive distributor in Slovenia and Croatia. The two C200 Signature series microturbines are expected to be commissioned at KO-SI d.o.o. by December. They will produce electrical power and exhaust heat that will be used in the treatment of natural fibers. KO-SI d.o.o. is a manufacturer of materials used in mattresses, upholstered furniture, packaging, insulation and erosion control in the agricultural industry. Capstone Chief Executive Darren Jamison said the order shows the proof of resiliency the company is seeing from markets in Europe. “We have recently seen both product and service wins from the United Kingdom, Germany, Austria, Italy and now Slovenia as people in Europe return to work following the devastating impact of the COVID-19 pandemic,” Jamison said in a statement. Shares of Capstone (CPST) closed up 18 cents, or about 4.4 percent, to $4.30 on the Nasdaq.