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Thursday, Nov 21, 2024

Capstone Sells 1.4 Megawatt System in United Kingdom

Capstone Turbine Corp. has sold a 1.4 megawatt generator to a client in the United Kingdom. Pure World Energy, Capstone’s distributor in the United Kingdom, secured the order. The Van Nuys company, which makes small turbine to generate electricity, did not reveal the name of the client. The sale consists of one C1000 Signature Series low-pressure microturbine and two traditional C200 low-pressure systems that will be installed this summer. “This order is significant as it is the first of our new C1000 Signature Series units to be sold into the growing U.K. market and will be an excellent showcase installation,” Darren Jamison, chief executive of Capstone, said in a statement. Shares of Capstone (CPST) closed Tuesday unchanged at $1.46 on the Nasdaq.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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