VAN NUYS, Calif., April 29, 2019 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq: CPST), the world’s leading clean technology manufacturer of microturbine energy systems, today announced it has received another repeat order for a megawatt scale C1000 Signature Series low emission microturbine system that will be used to power a compression station in the Mid-Atlantic, United States.
This order was secured by E-Finity Distributed Generation, Capstone’s exclusive distributor for the Mid-Atlantic Southeast United States and Eastern Caribbean. Ideal for natural gas producers looking for scalable solutions, the C1000S can provide reliability and redundancy in a single compact package. Additionally, the microturbine exhaust will be used in the customer’s dehydration process, improving the overall efficiency of the gas compression site.
“We continue our significant permeation of the North American shale gas market with another megawatt win to an existing customer,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. “North American shale gas producers are continuing to adopt Capstone microturbines because they want the high reliability and low emission benefits afforded by our products,” Mr. Crouse added.
“The energy market continues to strengthen for Capstone worldwide as oil demand is holding up better than many experts predicted last fall,” said Darren Jamison, Capstone’s President and Chief Executive Officer. “That demand, combined with the recent OPEC supply cuts and U.S. sanctions on Iran and Venezuela are leaving the market with less ability to absorb supply disruptions,” added Mr. Jamison.
According to the U.S. Energy Information Administration, dry natural gas production will increase 7% reaching an average 91 billion cubic feet per day (Bcf/d) during 2019. Furthermore, natural gas production is forecasted to grow in 2020 to an average of 92.5 Bcf/d.
“The continued natural gas infrastructure build-out in the Mid-Atlantic region is driving a shift from centralized utility power to energy-efficient CHP systems. We expect to see significant market growth over the next several years in the decentralized commercial and industrial CHP space,” said Jeff Beiter, E-Finity’s Managing Partner. “This system will also be covered under a Capstone Factory Protection Plan or FPP once it is commissioned,” added Mr. Beiter.