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Capstone Sells Turbines for Russian Railroad Project

Capstone Turbine Corp. has secured a repeat order for five of its microturbines for a railroad project in Russia. The Van Nuys manufacturer received the 1-megawatt order from DV Energy, its distributor in the Far Eastern Federal District in Russia. Capstone Chief Executive Darren Jamison said the company continues to see growth in Russia and Europe as its business expanded 20 percent year-over-year. “DV Energy is doing a great job representing Capstone in the Far Eastern Federal District and becomes a top 25 global distributor of ours with this most recent win,” Jamison said in a statement. The natural gas-powered C200S microturbines will be the primary power source for the Aldan Railway station, providing heat for the main building and reducing its operational costs. Russia has the third-longest railway system in the world with more than 52,000 miles of track. Jen Derstine, vice president of marketing and distribution, said that the country has been a good market for Capstone and currently has more than 1,400 microturbines operating in the region. “We are seeing steady sales growth in Russia as we continue to diversify and expand our focus on combined heat and power projects from predominantly oil and gas applications,” Derstine said in a statement. Shares of Capstone (CPST) closed down 3 cents, or a little more than 1 percent, to $2.76 on the Nasdaq.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.
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