logo-loader
viewCapstone Turbine Corporation

Capstone Turbine teams up with Indycar racer Colton Herta for 2020 season

Its green and white colours will again be displayed on the No. 88 Andretti Harding Steinbrenner Autosport car of Colton Herta

Capstone Turbine Corporation - Capstone Turbine Corporatio teaming up with the Number 88 Andretti Harding Steinbrenner Autosport car of Colton Herta for the 2020 NTT INDYCAR SERIES
CEO Darren Jamison says 'the youthful Colton is a perfect fit for the image' of its clean and green microturbine technology

Capstone Turbine Corporation (NASDAQ:CPST), the maker of clean-energy microturbines, is going Indy again. 

The company announced Monday that its colors of green and white will again be displayed on the No. 88 Andretti Harding Steinbrenner Autosport car of Colton Herta for the 2020 NTT INDYCAR SERIES season.  

Capstone first appeared on the sidepods of the sophomore driver’s car in 2019 on the streets of Toronto and continued through to the season finale race where Herta scored a victory from pole position for the then Harding Steinbrenner Racing team. 

READ: Capstone Turbine expands microturbine rental fleet with new business in the Permian Basin

The partnership also extends the relationship between Andretti Autosport and Capstone, which began in May 2019 with driver Alexander Rossi.

“We are extremely excited to continue our partnership with Capstone Turbine Corporation. Their mission to create sustainable energy is of growing importance, and we look forward to helping them in their efforts to expand their footprint in the green and renewable energy space. Through B2B initiatives and expansion of brand awareness, we will aim to make the program a success on and off the track,” said George Michael Steinbrenner IV, co-owner of Harding Steinbrenner Racing. 

CEO Darren Jamison noted that “the youthful Colton is a perfect fit for the image” of the company’s clean and green microturbine technology. 

“The younger generation makes up 30% of the population and is arguably the most concerned when it comes to environmental sustainability as the first generation to have grown up with climate change as part of everyday life,” said Jamison.

“The valuable business relationships we have developed with the support of George Steinbrenner IV and Mike Harding, as well as the new B2B opportunities that will come this season by being part of the Andretti Autosport family, offers Capstone a platform to reach the racing community and help more companies save money and lower their carbon footprint." 

He added that two current sponsors of Andretti Autosport are already Capstone customers, and the company has identified 22 others who are potentially well suited for its technology.

“We are really excited to have Capstone Turbine supporting Colton Herta and the No. 88 Honda this season and carrying on the success from last season,” said Michael Andretti, CEO of Andretti Autosport. 

“We look forward to collaborating with Capstone on both brand building and business development initiatives to showcase their innovative and sustainable energy solutions through our platform.” 

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.

Capstone’s stock recently traded up 1.2% to $2.77 a share in New York.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Quick facts: Capstone Turbine Corporation

Price: 1.14 USD

NASDAQ:CPST
Market: NASDAQ
Market Cap: $10.39 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Capstone Turbine Corporation named herein, including the promotion by the Company of Capstone Turbine Corporation in any Content on the Site,...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Capstone Turbine sees aftermarket service grow by 20% in Q-3

Capstone Turbine (NASDAQ: CPST) SVP of Customer Service and Product Development Jeff Foster joined Steve Darling from Proactive on Skype to discuss the company’s 3rd quarter financial numbers that included a 25% increase in gross margins. Foster discussed more of the strong quarterly...

on 02/10/2020

3 min read