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Tuesday, Jun 6, 2023

Capstone Green Energy Marks Microturbine Orders

Capstone Green Energy Corp. said that Cal Microturbine, its exclusive distributor for California, secured three orders for C1000 Signature Series microturbines.

The Van Nuys-based manufacturer said that one of the microturbines will be placed at an onshore oil and gas production site at an undisclosed location in the state using associated gas to reduce the site’s power use from their electric utility.

“This will reduce the customer’s operating cost and avoid flaring otherwise unusable production byproducts,” Capstone said in a release.

The second microturbine will be installed at a California brewery and operate on digester gas produced from waste byproducts.

This microturbine will replace a reciprocating engine generator that was becoming too costly to maintain and unreliable for the customer. Operating a Capstone microturbine in place of the existing generator will also help in lowering the emissions at the brewery, the company said.

The third microturbine will be installed at a landfill in the state as part of a renewable natural gas processing facility.

Operating on the landfill gas, the microturbine will provide electricity for processing equipment to convert the remaining raw landfill gas into pipeline-quality natural gas and other renewable fuels for sale to customers who want to reduce their carbon footprint.

Darren Jamison, chief executive of Capstone, said that the three applications of the company’s microturbines was only the beginning of the technology’s potential uses.

“Customers consistently report that Capstone microturbines provide dependable power, while also helping them achieve their environmental objectives,” Jamison said.

The announcement of the orders was made on March 23. Shares in Capstone (CGRN) closed Monday at $1.30, down 9 cents from its previous close.

James Brock
James Brock
James Brock has worked in newsrooms around the world, including in New York, Paris, Abu Dhabi, Dubai, Houston, and Los Angeles. He began his career with a Newhouse News daily, where he served on the news desk and the editorial page. He was the copy chief for The New York Sun, and founded and edited the personal finance section for Abu Dhabi-based The National, among other positions. He has interviewed Anthony Bourdain, Tom Ford, Mark Cuban, and many other individuals, and has written and edited thousands of stories and articles.

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