Capstone Turbine Corp. (CPST) Secures 4MW, 17 Microturbine Order with Russian Oil Powerhouse LUKOIL
Capstone Turbine, top global producer of advanced cleantech microturbines engineered for optimal low-emission, low-maintenance targets, announced today that the company has secured another important order, this time a 4MW order for 17 microturbines (ranging from 65kW – 1MW) from Russian hydrocarbon developer LUKOIL. This marks a very good quarter for CPST (ended, Mar 31), which reported some $49M in new orders, led by strong uptake of these advanced microturbines, as the company’s reputation for being first in the market with a commercial solution combines with increased demand by commercial/industrial customers looking to generate on-site power. Destined for the remote oil…