Capstone receives additional follow-on CBM order

Capstone Turbine Corp. has announced that it received an additional follow-on order for a large Australian CBM company.

The initial order was placed in July 2008 and was for the supply of 112 C30 microturbines, which was then increased to 154 C30s in 2009. The first follow-on contract was for 44 C30 microturbines in September 2012, and in January 2013 they ordered 36 additional units, followed by another 14 units in December 2013. This most recent order is for another 8 units, bringing the total number of microturbines sold to date to 256. These orders are part of a periodical supply contract for the life of the CBM development project.

“The coal seam gas market continues to develop as coal seam operators convert this gas into clean on-site power generation," said Darren Jamison, Capstone's President and CEO. "It’s rewarding to see satisfied repeat customers continue to come back and add to their already large fleets of operating microturbines. In addition, Australia has been a key geographical focus for Capstone, similar to Latin America, Africa and the Middle East," added Mr. Jamison.

Optimal Group, Capstone’s Australian distributor, secured the latest follow-on order, which is currently scheduled to be commissioned in mid-2016.

"Optimal Group’s business in Australia continues to expand in oil and gas, coal seam gas and the combined heat and power markets. In fact, they are currently our second largest distributor in terms of revenue generation over the trailing four quarters," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. “I am confident that Australia will deliver substantial growth year-over-year and help offset slowdowns in other geographies,” added Mr. Crouse.

Edited from press release by Angharad Lock

Read the article online at: https://www.worldcoal.com/cbm/22012016/capstone-secures-follow-on-cbm-order-1960/