tiprankstipranks
Capstone Green Energy gets orders from Alaskan distributor, no terms
The Fly

Capstone Green Energy gets orders from Alaskan distributor, no terms

Capstone Green Energy announced that Arctic Energy, Capstone’s authorized distributor in Alaska, has received new orders from two leading oil and gas operators. The first order is for a C600S microturbine to power a major oil and gas production site in the North Slope of Alaska. The second order is for two C65 offshore microturbines for use on offshore platforms in Alaska’s Cook inlet. The C600S order is scheduled to be commissioned in the summer of 2023, while the C65s will be commissioned in the fall. "Oil and gas industry participants continue to see the value of Capstone Green Energy microturbine technology. Fuel flexibility, superior engineering, and a lower emissions profile make Capstone turbines a compelling choice for these discerning customers. In addition, the low maintenance requirements of the Capstone generation systems are ideal for often remote and harsh locations where these customers need power," said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. Fueled by wellhead natural gas extracted directly from the pipeline, the C600S microturbine will provide primary electrical power to the site’s production facility, operating center, seawater treatment plant, and pipelines. The microturbines will be deployed as part of the initial phase of the development project with the potential for future orders. Once developed, the oilfield is expected to significantly boost oil flow in the trans-Alaska pipeline, which has fallen about 75% from its peak in the late 1980s.

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on CGRN:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles