capstone turbine corp (CPST) Key Developments
Capstone Turbine Seeks Acquisitions
Apr 15 15
Capstone Turbine Corp. (NasdaqGM:CPST) has filed a Shelf Registration in the amount of $100.00 million, Capstone Turbine will use the net proceeds from the sale of the securities offered by this prospectus for general corporate purposes, which may include, but are not limited to, working capital, capital expenditures, acquisitions and repurchases or redemptions of securities.
Capstone Turbine Corporation Announces Executive Changes
Apr 11 15
Capstone Turbine Corporation announced that company's Executive Vice President and Chief Financial Officer (CFO) Edward Reich will be leaving the company to seek other opportunities. Jayme Brooks has been newly promoted to Chief Financial Officer and Chief Accounting Officer from her long-standing role as the company's Vice President Finance and Chief Accounting Officer as the two positions are being merged into one leadership role under the new structure.
Capstone Turbine Corporation Receives an Order for C800 Microturbine to Upgrade European Distribution Center for Italian Food Retailer
Mar 30 15
Capstone Turbine Corporation announced that it received an order for a C800 microturbine to upgrade a major European distribution center for Italian food retailer, Conad, in Fiano Romano, Italy. IBT Group secured the order, which is expected to be commissioned later this year. The methane-fueled C800 microturbine will be installed in a combined cooling, heat and power application to provide electricity to the facility as well as chilled water to refrigerate the warehouse using an ammonia absorption chiller. The trigeneration system will include a heat recovery module to produce hot water for washing and space heating for offices. Any excess electricity produced by the microturbine will be sold back to the utility, thus providing a further reduction in operational expenditures.
Capstone to Upgrade Plastics Manufacturing Plant in El Salvador with Microturbine Power
Mar 23 15
Capstone Turbine Corporation announced that it has secured an order to upgrade the Salvaplastic manufacturing plant in San Salvador, El Salvador. This will serve as Capstone's first project in El Salvador with hopes that it will encourage the development of future projects there. El Salvador is experiencing significant growth in its manufacturing sector despite a decline in the number of manufacturing plants that import and assemble components for export, also known as maquiladoras.
Capstone Microturbines to Convert Biogas into Heat and Power for Irvine Water Recycling Plant
Mar 4 15
Capstone Turbine Corporation announced it received an order to upgrade the Irvine Ranch Water District's Michelson Water Recycling Plant in Irvine, California with five C200 microturbines. Regatta Solutions Inc., Capstone's distributor in California, secured the order, which is expected to be commissioned in early 2016. Once commissioned, the microturbines will cleanly and effectively operate on the biogas, or "green waste", produced on-site from municipal solid waste. Capstone microturbines will be installed in a grid connect configuration to provide electricity to the recycling plant in parallel with the local utility. The site will include a biogas conditioning skid to compress the plant's biogas for use in the microturbine engines. The microturbines are deployed in a combined heat and power (CHP) configuration. The exhaust from the microturbines will be captured using heat exchangers to provide hot water for process heating the plant, thus reducing the need for natural gas and providing higher system efficiency possible.