Capstone Turbine Corporation (NASDAQ:CPST), a manufacturer of microturbines, has won another lucrative rental contract as one of the world’s biggest oil and gas companies has adopted its C800 Signature Series microturbine in the Permian basin.
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. The machine is set to be delivered this month and put into action in the first quarter of next year.
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Capstone microturbines are used in various phases of oil production, including upstream, midstream and downstream operations.
“Capstone Turbine generators produce less air pollution than delivered utility power, even in cases when solar power accounts for 20% of the utility power mix and are among the cleanest on-site power generation technologies available today,” said Douglas Demaret, president of Lone Star Power Solutions.
Based in Van Nuys, California, Capstone has shipped over 9,000 energy-efficient microturbines to customers in 73 countries.