Track topics on Twitter Track topics that are important to you
CHATSWORTH, Calif., Aug. 10, 2015 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it received an order for two C600 dual mode microturbines to power a facility and on-site equipment at an oil field project in Alaska.
Horizon Power Systems and Chenega Energy, two of Capstone's North American distributors, worked together to secure the order and develop an ideal power plant for the project. The plant is expected to be commissioned in September 2015.
Two natural-gas-fired C600 dual mode microturbines, designed specifically for high humidity environments, will be installed at an onshore oil and gas production site in Alaska to provide primary power for operating the oil facility and on-site equipment. Capstone microturbines were chosen in lieu of traditional diesel engine generator sets for their high reliability, low emissions, low maintenance and low noise.
The joint effort between Horizon Power Systems and Chenega Energy underscores the strength and high level of collaboration between Capstone distribution partners. The development of a new project can take several months or even years. Phases of the project, such as engineering, can take place in a different part of the world than the installation itself. Providing a seamless experience across Capstone's distribution network is an integral part of this process and ensures the best possible experience and outcome for the end use customer.
"The conversion to natural gas is a much cleaner and more efficient solution than traditional diesel engines," said Sam Henry, President of Horizon Power Systems. "Combined with the scalability of microturbines, this allows for the facility's power plant to expand incrementally, as the volume of production is expected to increase over time," added Henry.
According to the U.S. Energy Information Administration (EIA), natural gas accounts for over half of Alaska's electricity generation. Though with natural gas production volumes exceeding local demand, about three-fourths of the natural gas withdrawn is used at production sites.
"We continue to see the Oil and Gas industry in this Arctic climate embrace the Capstone technology," said Greg Porter, President of Chenega Energy, LLC. "Our Capstone microturbines surpass the very strict air emission requirements and need no lubricating oil, grease or coolants. This reduces the need for spill-containment and used oil remediation. They are a very straightforward and reliable solution in an industry which often needs to move very quickly."
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST) is the world's leading producer of low-emission microturbine systems and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 8,500 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2008 and ISO 14001:2004 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York Metro Area, United Kingdom, Mexico City, Shanghai and Singapore.
The Capstone Turbine Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of our products over competing technologies. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
"Capstone" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
CONTACT: Capstone Turbine Corporation Investor and investment media inquiries: 818-407-3628 email@example.comNEXT ARTICLE
Arthritis Fibromyalgia Gout Lupus Rheumatic Rheumatology is the medical specialty concerned with the diagnosis and management of disease involving joints, tendons, muscles, ligaments and associated structures (Oxford Medical Diction...
Alliances Astrazeneca Bioethics Boehringer Clinical Research Organization Collaborations GSK Johnson & Johnson Lilly Merck Mergers and Acquisitions Nexium Novartis Pfizer Roche Sanofi ...
Collaborations in biotechnology
Commercial and academic collaborations are used throughout the biotechnology and pharmaceutical sector to enhance research and product development. Collaborations can take the form of research and evaluation agreements, licensing, partnerships etc. ...