Capstone Turbine Corporation (NASDAQ:CPST), a clean-tech manufacturer of microturbine energy systems, announced Wednesday that its regional distributor secured a fourth order from a Wyoming energy company.
The order comes as Wyoming, the largest producer of coal in the US, tries to shore up its share of natural gas and renewable power production.
The follow-on order was secured by Horizon Power Systems, Capstone’s distributor for America’s western mountain states and Western Canada.
The company said its C600 Signature series stand-alone microturbine was chosen to run electric power equipment at a remote, unmanned compressor station running on locally available high-pressure natural gas. The microturbine made the cut as the unit meets stringent Wyoming air quality regulations for emissions, low maintenance intervals, reliability and other parameters.
“Burning coal drove much of yesterday’s energy supply. However, we believe clean natural gas, biogas, and renewable natural gas are the answers for our future," said Capstone CEO Darren Jamison. "A natural gas-fueled power plant emits 60% less carbon dioxide than a coal-fired power plant. It is part of our mission to help reduce our customer’s carbon footprint.”
Capstone, based in Van Nuys, California, offers a product lineup of microturbines that can produce anywhere from 30 kilowatts to 10 megawatts of power, operating on a variety of gaseous or liquid fuels.
To date, Capstone has shipped more than 9,000 units to 73 countries and saved customers an estimated $253 million in annual energy costs and 350,000 tons of carbon.
Wyoming currently ranks amongst the top five US states with the most natural gas reserves. Although the state spearheaded coal mining since 1986, a shift in consumer attitudes in favor of cleaner energy alternatives such as natural gas, biogas and renewable energy is driving a shift in the energy mix and power production.
The shift is also impacted by tighter regulations surrounding air pollution and is expected to benefit low-emission technologies.
“Compressor stations always face some natural gas leakage in compressor applications. Microturbines are an effective solution in helping operators such as this one become green by using available ‘slip-gas’ to produce power while reducing emissions,” said Jim Crouse, executive vice president of sales and marketing at Capstone. “Cost savings come from the fact that our microturbines can eliminate the need for utility power or the addition of costly diesel generation and reduce the environmental footprint of the site.”
Contact Uttara Choudhury at [email protected]