Capstone Turbine Corp. (Nasdaq: CPST), a clean technology manufacturer of microturbine energy systems, has received an order for 25 C65 microturbines to fulfill the continual expansion of existing oil and gas customer fleets in shale plays across the western US, which Capstone considers a clear market indicator that shale gas producers are continuing to focus on increasing efficiency while lowering their operating costs despite the low energy prices.
Horizon Power Systems, Capstone's distributor for the Eagle Ford, Permian, Barnett, Mancos, San Juan, and Wattenberg shale plays, secured the order, which is expected to be commissioned later this year. The order will serve numerous facets of the shale oil and gas production process and help to bolster aging infrastructures throughout these regions.
The natural-gas-fueled C65 microturbines will be installed in dual mode, which allows each customer to operate independently of the grid or with the grid in a load-sharing capacity. Once commissioned, the microturbine systems will decrease the operating costs of key US shale operations and ensure that reliable power is delivered to each site.