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Capstone Turbine secures order for six C65 microturbines for flare-gas pilot project in France

The six microturbines will provide on-site power for one of Europe’s largest energy producers

Capstone Turbine Corporation - Capstone Turbine Corporation of California secures an initial order for six of its C65 microturbines for a critical flare-gas pilot project in France
The California company's microturbines can produce anywhere from 30 kilowatts to 10 megawatts of power

Capstone Turbine Corporation (NASDAQ:CPST) announced Friday it secured an initial order for six of its C65 microturbines for a critical flare-gas pilot project in France. 

Microturbine Power (MTP), one of Capstone’s exclusive European distributors, secured the initial project, which is set to be commissioned by January 2020, according to a statement. 

Capstone said its six microturbines will provide on-site power for one of Europe’s largest energy producers, utilizing the associated gas generated by one of the firm’s Electrical Submersible Pump’s (ESP) located at the wellhead. The microturbines will utilize the indigenous free waste fuel to reduce the purchased power from the local utility.

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“We are beginning to see an increase in oil and gas producers looking to voluntarily reduce the unnecessary and wasteful flaring of associated gas and realize the value of our microturbine technology in these applications,” said CEO Darren Jamison.

“Pilot projects like this, with large energy producers, are critical to our future success in being a critical part of reducing gas flaring globally as flaring is both economically and environmentally unsound.”

The installation will offset the site purchased utility grid power, decrease gas flaring at the remote production center and also help increase the flow rate of crude oil, the company said. And the application will reduce the overall site emissions while simultaneously reducing operating expenses.

Once commissioned, the systems will be backed by Capstone’s industry-leading Factory Protection Plan (FPP) long-term service contract, and the microturbine array will utilize the associated natural gas as an input fuel source without any gas pre-treatment. 

This allows the end-use customer to monetize the associated gas, keep operational costs low and reduce the negative impact on the local environment, Capstone said. 

“This order builds further momentum for us in Europe’s oil and gas market. The order is from an international energy producer whose business encompasses the full spectrum of oil and gas operations in oil and gas exploration and midstream and downstream production,” said Jim Crouse, Capstone’s executive vice president, sales and marketing.

Capstone, based in Van Nuys, California, offers a product line-up 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 over 9,000 units to 73 countries and saved customers an estimated $253 million in annual energy costs and 350,000 tons of carbon.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Quick facts: Capstone Turbine Corporation

Price: 5.05 USD

Market: NASDAQ
Market Cap: $55.92 m

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