One penny stock to watch today is the world’s leading clean technology manufacturer of microturbine energy systems, Capstone Turbine Corporation (Nasdaq: CPST), announced today that the company received an order for the first C1000 Power Package from an oil & gas producer in Southern California.
The C1000, sold by Capstone distributor Regatta Solutions, based in San Juan Capistrano, Calif., is scheduled to be commissioned this spring in a combined heat and power (CHP) application. The combination will save operating and maintenance costs and avoid flaring, one of the most challenging energy and environmental problems today at oil & gas sites and landfills.
Rather than add to the nearly 150 billion cubic meters of natural gas that are flared in the atmosphere annually, the C1000 will use the associated gas as fuel to generate low-emission electricity onsite to power the plant’s pumps and infrastructure systems. The micro-turbine exhaust will heat water for the free-water knockout process to separate gas, oil, and water.
CPST shares are up 4.31$ in Pre-Market set to open currently at $1.21.Share