Company
Capstone Turbine Corporation
NASDAQ:CPST
Capstone Turbine Corporation is the world’s leading producer of highly efficient, low-emission, resilient microturbine energy systems. Capstone microturbines serve multiple vertical markets worldwide, including natural resources, energy efficiency, renewable energy, critical power supply, transportation and microgrids. Capstone offers a comprehensive product lineup, providing scalable systems focusing on 30 kWs to 10 MWs that operate on a variety of gaseous or liquid fuels and are the ideal solution for today's distributed power generation needs. To date Capstone has shipped over 9,000 units to 73 countries and have saved customers an estimated $253 million in annual energy costs and 350,000 tons of carbon.
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Hardware & electrical equipment
Capstone Turbine reveals technology to power global pharmaceutical facility in Mexico
DTC Solutions, Capstone's exclusive distributor in Mexico, has secured an order for a 600 kW Signature Series microturbine with a leading pharmaceutical manufacturer
Hardware & electrical equipment
Capstone Turbine updates on Business Continuity Plan in response coronavirus pandemic
The California company continues to have a limited production capability for new microturbine products
Hardware & electrical equipment
Capstone Turbine distributor signs Factory Protection Plan long-term service contract renewal for microturbines at Connecticut data center
The renewal will provide service coverage for 18 C65 Capstone microturbines installed at the data center for an additional five years on top of the original 10-year coverage period
Hardware & electrical equipment
Capstone Turbine wins order for major redevelopment project on Walker’s Cay in the Bahamas
The order is for two-megawatt C1000 Signature Series microturbine energy systems for Walker’s Cay Resort, in the northernmost island of the Bahamas
Hardware & electrical equipment
Capstone Turbine wins order to help modernize water pollution facility in upstate New York
The order is for a 400-kilowatt C400 Signature Series microturbine energy system that will run on biogas produced on-site from municipal solid waste
Hardware & electrical equipment
Capstone Turbine Corporation gets $2.6M coronavirus relief loan
The loan is meant to cover payroll, rent and utilities and could be at least partially forgiven if 75% of the monrey goes toward payroll and the company maintains or rehires employees
Hardware & electrical equipment
Capstone Turbine to participate in the alphaDIRECT virtual conference on April 23
The company will share preliminary fiscal fourth-quarter results and provide an update on its coronavirus business continuity plan
Hardware & electrical equipment
Capstone Turbine wins first 800 kilowatt C800 Signature Series order for new biogas project in Japan
The project will use organic biomass from agricultural and animal waste to generate clean energy for the Biokurasix Handa biogas power facility
Capstone Turbine leading the charge in the green energy revolution
The company builds low-emission, clean-energy microturbine technology for consumer and commercial use globally
Hardware & electrical equipment
Capstone Turbine expanding long-term microturbine rental fleet with Permian Basin win
The California company scored another 1 megawatt C1000 Signature Series microturbine contract with one of the world’s largest oil and gas companies
Hardware & electrical equipment
Capstone Turbine secures its third direct sales order
The order consists of six C65 microturbines from an industrial manufacturer of sorbent minerals in California
Hardware & electrical equipment
Capstone Turbine has strong preliminary fiscal 4Q cash balance as it plans for the coronavirus pandemic
The group said total cash and equivalents, as of March 31, 2020, were $15.1 million, down only $1.6 million from $16.7 million in December 31, 2019
Hardware & electrical equipment
Capstone Turbine to bring thermal energy storage to SUNY school in partnership with NY Power Authority
The installation is expected to save SUNY $100,000 per year while also reducing its carbon footprint
Hardware & electrical equipment
Capstone Turbine wins order to upgrade wastewater treatment plant in Roseville, California
The order for the renewable energy project will include a comprehensive Capstone 10-year factory protection plan
Hardware & electrical equipment
Capstone Turbine enacts Business Continuity Plan in response to coronavirus pandemic
The maker of clean-energy microturbines said its leadership team has volunteered to take a 25% temporary salary cut
Hardware & electrical equipment
Capstone Turbine lands important follow-on order for large US midstream energy company
The order is for a C800 Signature Series microturbine that will power all-electric equipment at a remote operation while running on locally available natural gas
Hardware & electrical equipment
Capstone Turbine wins sixth contract from energy service company
Distributor Vergent Power Solutions will maintain the new microturbine power plant for the undisclosed company
Hardware & electrical equipment
Capstone Turbine achieves first significant win under new direct sales initiative
It signed a new national account deal with IP Innovative Power GmbH and received an initial order for 20 C65 microturbines
Hardware & electrical equipment
Capstone Turbine’s Australian distributor sells another two C600 Signature Series microturbines
The purchase by a major international food producer pushed Capstone’s installed base to 40.1 megawatts in Australia
Hardware & electrical equipment
Capstone Turbine teams up with Indycar racer Colton Herta for 2020 season
Its green and white colours will again be displayed on the No. 88 Andretti Harding Steinbrenner Autosport car of Colton Herta
Hardware & electrical equipment
Capstone Turbine expands microturbine rental fleet with new business in the Permian Basin
The rental expands Capstone’s rental fleet from 7 MW to 7.6 MW — and closer to its long-term goal of 10 MW
Hardware & electrical equipment
Capstone Turbine distributor DV Energy wins repeat order for five C200S microturbines from The Railways of Yakutia
The natural gas-fueled microturbines will be a primary power source for the Yakutian Railway’s Aldan Railway Station and heat its main building
Hardware & electrical equipment
Capstone Turbine appoints Kirk Petty as SVP of operations to achieve cost reduction goals
Quarterly operating expenses have to be cut from an average of $6.5 million to a range of $5.2 million to $5.7 million
Hardware & electrical equipment
Capstone Turbine secures order at recycling plant in Scotland
The order is phase one of a multi-phase development project with a scheduled commission date of April 2020
Hardware & electrical equipment
Capstone Turbine sees healthy growth in aftermarket services margins as it posts 3Q results
The microturbine energy systems manufacturer saw its aftermarket service business increase its margins by 20% over the quarter
Archive
NA Proactive news snapshot: Aequus Pharmaceuticals, American Battery Metals, Orgenesis, EXMceuticals UPDATE ..
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Hardware & electrical equipment
Capstone Turbine clinches new contract order from Jamaican rum distillery
The Capstone microturbine will be set up as a dual-mode application, capable of providing back-up power in a grid outage
Hardware & electrical equipment
Capstone Turbine wins long-term service contract for Mexican auto facility
Its top distributor for Mexico, DTC Ecoenergia, has increased its fleet coverage under the FPP to a record 18.2 MW
Hardware & electrical equipment
Capstone Turbine secures microturbine order for manufacturer in Germany
The microturbine will be fueled by high-pressure natural gas to reduce on-site energy costs and help lower CO2 emissions
NA Proactive news snapshot: WeedMD, Minera Alamos, Exactus, Quantum Computing UPDATE ...
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Hardware & electrical equipment
Capstone Turbine notches long-term service contract win in Washington, DC
A university picked the C1000S ICHP factory-integrated power package for its clean energy initiatives and energy resiliency requirements
Hardware & electrical equipment
Capstone Turbine's Australian partner commissions energy project for major oil and gas producer
The new energy system consists of a C1000S one-megawatt microturbine fueled by on-site natural gas
Hardware & electrical equipment
Capstone Turbine hails federal tax credit in 2020 for microturbines fueled by renewable energy
The tax credit reinstated in 2020 will help businesses lower their energy costs in the new green economy
Hardware & electrical equipment
Capstone Turbine unveils revamped UK remanufacturing facility
The facility is now able to conduct complex remanufacturing processes and offer aftermarket services to turbines covered by long-term contracts
Hardware & electrical equipment
Capstone Turbine posts 20% bump in fiscal 3Q aftermarket service, DSS program, rental revenue
The company made strategic changes to its sales and marketing organization to drive revenue growth
Hardware & electrical equipment
Capstone Turbine's C200S ICHP microturbine set to journey to research station in Antarctica after new order
The follow-on order comes with a 20-year factory protection plan from the National Science Foundation
Hardware & electrical equipment
Capstone Turbine wins certification to connect to Australian power grid
Its C200 and C1000 microturbine systems got the blessing of the Australian Interconnection Standard
Hardware & electrical equipment
Capstone Turbine wins a lucrative microturbine rental contract with top oil and gas company
The long-term contract with the undisclosed company was arranged by Lone Star Power Solutions, Capstone’s distributor in Arizona, Texas and the Gulf states
Hardware & electrical equipment
Capstone Turbine benefits from 'strong tailwinds' supporting the renewable energy sector, says alphaDIRECT Advisors
Based on its analysis, Capstone has a power base that has managed to pare back CO2 emissions by 350,000 tons in fiscal 2019
Hardware & electrical equipment
Capstone Turbine signs single largest heat and power installation of five microturbines
The nine-year service contract covers 5 megawatts of turbines to be used by a large US ceramic tile manufacturer
Hardware & electrical equipment
Capstone Turbine wins repeat order from big Texan oil and gas producer
It will be used to provide clean electricity – fueled by “pipeline-quality” gas to a facility in the remote Eagle Ford Shale region of South Texas
Capstone Turbine taps industry veteran Eric Hencken as CFO
CEO Darren Jamison said Hencken has 'solid experience' in the technology industry and has been involved in mergers and acquisitions
Archive
NA Proactive news snapshot: Arizona Silver, EnWave, CUI Global, Exactus UPDATE …
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Hardware & electrical equipment
Capstone Turbine wins more long-term service contracts with oil and gas customer
The oil and gas customer's entire fleet of 22 microturbines are now covered under Capstone's factory protection plan
Capstone Turbine beefs up board with addition of energy industry veteran Denise Wilson
Wilson served as executive vice president and president of new business at NRG, a Princeton-based Fortune 500 energy company
Capstone Turbine secures first flare gas project order from Colombia oil titan Ecopetrol SA
One of the world's largest oil producers turned to Capstone to replace one of its engine generators in the Rio Ceibas oil field
Hardware & electrical equipment
Capstone Turbine's fiscal 2Q revenue higher vs previous quarter
Capstone also reported that adjusted EBITDA (earnings before interest, tax, depreciation and amortization) improved 35% sequentially from 1Q
Hardware & electrical equipment
Capstone Turbine's Mexico distributor signs nine-year factory protection contract with industrial customer
The deal provides comprehensive service coverage to the customer of Capstone microturbine energy systems
Hardware & electrical equipment
Capstone Turbine wins second microturbine order in Manhattan’s Hudson Yards district
The C1000S Signature Series microturbine will be used for a grid-connect combined heat and power project at the South East Tower on Manhattan’s westside
Archive
NA Proactive news snapshot: Constantine Metal, DRDGOLD Limited, Bonterra Resources, Mandalay Resources UPDATE ...
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Hardware & electrical equipment
Capstone Turbine scores first-ever offshore oil and gas order in India
The order underlines the opportunity represented by India’s high-octane economy as its demand for primary energy increases
Hardware & electrical equipment
Capstone Turbine secures order for six C65 microturbines for flare-gas pilot project in France
The six microturbines will provide on-site power for one of Europe’s largest energy producers
Hardware & electrical equipment
Capstone Turbine Corp powers on as it wins new long-term service contract for its microturbines
BMTec, one of the group's EMEA distributors, has recently inked what it called a "large" factory protection plan long-term service contract
Hardware & electrical equipment
Capstone Turbine ‘executing effectively’ on its strategic business initiatives
The maker of clean-energy turbines also reiterated its goal to achieve adjusted EBITDA for the quarter ending June 30, 2020
Hardware & electrical equipment
Capstone Turbine releases preliminary fiscal second-quarter results
Total preliminary revenue for the quarter was $20.7 million, an increase of 8% from $19.2 million in the fiscal first quarter
Archive
NA Proactive news snapshot: Phunware, American Battery Metals, Ximen Mining, Capstone Turbine UPDATE …
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Hardware & electrical equipment
Capstone Turbine secures order for first-ever direct-drive diesel microturbine for marine use
CEO Darren Jamison said the first-of-its-kind microturbine will provide onboard power for the classic 1950s superyacht Istros
Hardware & electrical equipment
Capstone Turbine client in Colombia takes on 10-year Factory Protection Plan
In addition, the company said its fleet of microturbines has exceeded 1 million successful hours of operation in Colombia
Archive
NA Proactive news snapshot: Helix TCS, American Manganese, Recruiter.com, Thunderbird Entertainment UPDATE ...
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Capstone microturbines installed in the third tallest building in the western hemisphere as New York tries to cut carbon emissions
The new 67-story One Vanderbilt office tower is the latest Capstone energy efficiency project to crack the New York skyline
Hardware & electrical equipment
Capstone Turbine' Jim Crouse to participate in the alphaDIRECT Virtual Conference Series
Crouse commented: "The market for microgrids is on the rise as customers look to adopt new levels of efficiency, sustainability and energy resiliency"
Hardware & electrical equipment
Capstone Turbine continues to convert major oil and gas customers to long-term service contracts
The Factory Protection Plan contract covers 2 megawatts of its microturbines installed at a single location in California
Capstone Turbine secures microturbine order with maker of solar-power system that operates 24-7
The project will utilize the microturbines in combination with 247Solar’s technology to produce one of the world’s most versatile, reliable, zero-carbon power generation systems
Hardware & electrical equipment
Capstone Turbine pens long-term Factory Protection Plan contract with oil and gas customer
CEO Darren Jamison hailed the FFP contract win as “a strong indicator for the continued top and bottom-line growth” of the company’s aftermarket service business
Archive
NA Proactive news snapshot: Bevcanna, Capstone Turbine, LiteLink Technologies, RNC Minerals, DXI Energy UPDATE …
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Capstone Turbine signs Factory Protection Plan with Brooklyn hospital using its signature microturbines
The long-term service contract covers 1.6 megawatts, and RSP Systems has now eclipsed an FPP attachment rate of 90% on about 24.6 MWs of microturbines
Hardware & electrical equipment
Capstone Turbine raises $5.1 million in registered direct offering
The California-based microturbine makers intends to use the net proceeds for working capital and general corporate purposes
Hardware & electrical equipment
Capstone Turbine says microturbine provided resiliency and refuge after community evacuated
An August 18, 60 households in Tillsonburg, Ontario were moved to a local community center powered by a Capstone combined heat and power system
Archive
NA Proactive news snapshot: CB2 Insights, Capstone Turbine, Exactus, Pacton Gold, BevCanna Enterprises …
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Hardware & electrical equipment
Capstone to sell another 11 C30 microturbines for pipeline project in Western Kazakhstan
Kazakhstan is sitting on roughly 30 billion barrels in oil reserves and 38.8 trillion cubic feet of natural gas, according to statistics from Oil & Gas Year Limited
Hardware & electrical equipment
alphaDIRECT Advisors looks at Capstone Turbine, opportunities, drivers for microgrid projects
It believes that "growing interest in microgrids creates additional markets for Capstone’s long-term rental fleet" which should help improve margins
Hardware & electrical equipment
NA Proactive news snapshot: Ceylon Graphite, Capstone Turbine, Great Bear Resources, FSD Pharma, Propanc Bio …
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Hardware & electrical equipment
Capstone Turbine Corporation distributor signs long-term service contracts in shale regions of the Appalachian Basin
Capstone said the large oil and gas end-use customer of microturbine energy systems had already placed 3.2 MWs under service contracts in June 2019
Hardware & electrical equipment
Capstone secures C400 Signature microturbine sale to power French biogas-to-energy project
The company pointed out that the microturbine will operate on methane generated from agricultural green waste, cow manure, and pig manure
Hardware & electrical equipment
Capstone Turbine's Signature Series systems first microturbines to be certified to the UK Energy Networks Association G99 grid connection standard
Capstone said global momentum towards the adoption of grid interconnection standards for distributed energy resources continues at full speed
Hardware & electrical equipment
Capstone Turbine wins first big energy efficiency project in Bolivia from Ceramica Guadalquivir
Capstone CEO Darren Jamison says the order is ‘significant’ as it demonstrates the company’s foray into yet another ‘strategic geography’
NA Proactive news snapshot: Nemaura Medical, Capstone Turbine, Progressive Planet, Valens Groworks, DXI Energy UPDATE …
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Hardware & electrical equipment
Capstone Turbine improves margins significantly in fiscal first quarter, has strong order book
Gross margin rose by $1.1 million from $1.8 million in the year ago quarter, to $2.9 million, representing a 61% increase
Archive
NA Proactive news snapshot: True Leaf Brands, Atlas Engineered Products, Pure Gold Mining, LexaGene Holdings UPDATE …
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Hardware & electrical equipment
Capstone Turbine says Extensive Parts Remanufacturing program has generated $15 million in cumulative savings
The Nasdaq-listed firm implemented the EPR back in 2015 to reduce material costs associated with the company’s expanding aftermarket service business
Hardware & electrical equipment
Capstone’s microturbines powered through recent New York City blackout
The microturbines, which operate in hundreds of buildings in NYC, run on natural gas
Capstone bags first of possible bigger order for microturbines from Kazakhstan oil producer
CEO Darren Jamison says the clean energy microturbine maker could see strong demand from the oil- and gas-rich CIS region of ex-Soviet republics
Hardware & electrical equipment
Capstone Turbine reports improving gross product bookings
The maker of microturbines said product orders increased 9% year-over-year to $17.4 million in its fiscal 2020 first quarter
Hardware & electrical equipment
Here’s why New York City’s climate emergency resolution is a step in the right direction
Capstone Turbine CEO Darren Jamison says even ‘moderate’ incentives for using existing green off-the-shelf technologies can have a big impact on local climate
Capstone Turbine scores long-term rental deal with oil and gas exploration company in Alaska
CEO Darren Jamison says the contract puts the clean energy microturbine maker ‘well on its way’ to reaching its strategic goal of 10 megawatts
Capstone’s microturbine to power Couples Resorts in Jamaica to help it reduce its energy costs
The company says hotels and luxury resorts are an ‘excellent fit’ for their products because of their combined 24-hour electrical and thermal energy needs
Hardware & electrical equipment
Capstone Turbine expands long-term microturbine rental business with one of the world’s largest oil and gas producers
Expanding Capstone's aftermarket business, which includes the long-term rental program, is key to helping the company achieve its near-term profitability goals
Capstone executes 3.2 megawatts of long-term service contracts in the Marcellus, Utica shale regions
CEO Darren Jamison says FPP service contract adoption rates are accelerating in the oil and gas market boosting the company’s aftermarket service business
Capstone Turbine boosts revenue, fueled by healthy aftermarket sales and global operations
Aftermarket revenue was the second largest in Capstone’s history and represents a key driver in the company’s strategy to obtain profitability
Hardware & electrical equipment
Maxim: Capstone Turbine’s rental-business growth may shrink fiscal 4Q earnings loss
Analyst Tate Sullivan wrote he has narrowed his EBITDA (earnings before interest, tax, depreciation and amortization) loss forecast to $2.1 million from $2.7 million
Hardware & electrical equipment
Capstone Turbine names ex-commissioner on Federal Energy Regulatory Commission to its board
Robert Powelson currently serves as CEO of the National Association of Water Companies
Hardware & electrical equipment
Capstone Turbine sponsors another Indy car to promote renewable energy
Capstone partnered with Gess International (Green Energy Sustainable Solutions) to co-sponsor the No. 27 car at Texas Motor Speedway and Pocono Raceway
Capstone Turbine gets order for two microturbines to power dehydration plant in Iraq
The microturbines will provide 1.2 megawatts of energy to power facility, which removes water from natural gas and natural-gas liquid
Capstone wins first C200 Signature Series microturbine order from India’s oil rich state of Assam
CEO Darren Jamison says India has the potential to be a significant part of the company’s ‘double-digit revenue growth plan’
Hardware & electrical equipment
Capstone Turbine inks long-term service contract with energy company operating in Texas' Eagle Ford Shale Basin
Lone Star Power Solutions, Capstone’s distributor for Texas, Arizona and the Gulf States, signed the 3-megawatt, 5-year, factory-protection plan
Hardware & electrical equipment
Capstone Turbine caps a wave of good news with Indy 500 sponsorship
California company to market itself as well as the benefits of renewable energy by sponsoring an Indy car with one of the sport's hottest drivers behind the wheel
Hardware & electrical equipment
Capstone Turbine gets a Buy rating and $2 price target from Maxim Group
Analyst Tate Sullivan cites Capstone securing an order from a Wyoming energy company as well as winning two new patents as a key decision factor
Capstone Turbine wins opportunities in Wyoming as natural gas, renewable energy demand spikes
The multi-faceted energy company’s regional distributor secured a fourth order from a Wyoming energy company
Hardware & electrical equipment
Capstone Turbine wins two US patents for multi-fuel applications
The patents support company initiatives to expand the use of multiple fuels for operations, including high-flame speed fuels such as hydrogen