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Capstone Turbine wins repeat order from big Texan oil and gas producer

It will be used to provide clean electricity – fueled by “pipeline-quality” gas to a facility in the remote Eagle Ford Shale region of South Texas

Capstone Turbine Corporation -
Capstone, based in Van Nuys, California, offers a product line-up of microturbines

Capstone Turbine Corporation (NASDAQ:CPST), the maker of clean-energy turbines, is on the receiving end of good news as it has clinched a repeat order from one of the biggest oil and gas producers in south Texas. 

The undisclosed customer, which logged an order for Capstone’s C800 Signature Series microturbine and associated five-year long-term factory protection plan, is an international oil and gas exploration company with operations in the US, Middle East and Latin America.  

READ: Capstone Turbine is leading the charge in a green energy revolution

The oil producer’s new Capstone system will be used to provide clean electricity – fueled by “pipeline-quality” gas - for an oil and gas gathering facility in the remote Eagle Ford Shale region of South Texas.

“We have successfully earned the trust from several of the largest oil and gas producers in the world and continue to expand the list of satisfied repeat customers in the process,” said Darren Jamison, president and CEO of Capstone. “We’re seeing an increasing interest from oil and gas producers in the Eagle Ford as they continue to adopt Capstone microturbine technology due to reliability.”

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.

Quick facts: Capstone Turbine Corporation

Price: 4.75 USD

NASDAQ:CPST
Market: NASDAQ
Market Cap: $52.36 m
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