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Sunday, Aug 14, 2022
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Capstone Sells Follow-on Turbine

Capstone Turbine Corp. received a third follow-on order for a microturbine from a company with natural gas operations in the Mid-Atlantic region. The order for the C600 Signature Series microturbine was secured by E-Finity Distributed Generation, the Van Nuys manufacturer’s exclusive distributor in the Mid-Atlantic and Southeast areas of the country. The unnamed customer operates natural gas wells in the Appalachian Basin, an area more than 1,000 miles long stretching from southern New York to northeast Alabama. Capstone Chief Executive Darren Jamison called natural gas compression stations a critical part of the production process and a natural fit for the company’s microturbines, which are powered by natural gas. “As natural gas travels down thousands of miles of pipeline, microturbines offer the ideal solution to provide highly reliable power onsite using the molecules already moving through the pipelines,” Jamison said in a statement. The company announced the sale Thursday. Shares in Capstone (CPST) closed Friday down 1 cent, or 1.4 percent, to 74 cents on the Nasdaq.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.
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