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Tuesday, May 28, 2024

Capstone Sells 10 Turbines in Mid-Atlantic Deal

Capstone Green Energy Corp. announced Wednesday that its distributor for the Mid-Atlantic region received an order for 10 microturbine systems for use at various oil and gas wellhead sites in the Marcellus Shale.

The model C65 microturbines from the Van Nuys manufacturer will be commissioned as needed through next year. E-Finity Distributed Generation in Wayne, Penn. secured the order.

The C65 microturbines will provide prime power for various sites across the Marcellus reserve and will allow the unnamed customer to increase on-site power production, lower operational costs and increase reliability. Additionally, the microturbines will provide electrical power to operate lighting, meters and other equipment in various buildings.

The Marcellus Shale runs from lower New York State through Pennsylvania and Ohio to West Virginia. It is one of the largest sources of natural gas in the United States.

Jeff Beiter, president of E-Finity, said that receiving repeat orders from customers is a testament to the reliability of the Capstone microturbine systems and their ability to operate in harsh Appalachian conditions.

Capstone Chief Executive Darren Jamison said that facing growing pressure to address climate change, global energy companies are pledging to adapt to a lower-carbon future.

“For many, that involves investing in new technologies and infrastructures like microturbine systems to support new, greener ways of generating on-site electricity,” Jamison said in a statement.

Shares of Capstone (CGRN) closed up 5 cents, or nearly 1.4 percent, to $3.75 on the Nasdaq, on a day when that market closed up 2 percent.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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