Capstone Secures Long-Term Service Contract Renewals

Capstone's C1000 Signature Series microturbine

Capstone Turbine Corp., a manufacturer of microturbine energy systems, has secured several significant Factory Protection Plan (FPP) aftermarket long-term service contract renewals from an oil and gas producer in the United States. The FPP renewals are for nine separate contracts, seven of which are five-year extensions and two are four-year and four-month extensions.

E-Finity Distributed Generation, Capstone’s exclusive distributor for the Mid-Atlantic and Southeastern United States and a power solutions provider in the Marcellus and Utica shale regions, secured the follow-on FPP contract renewals to cover a major gas producer’s growing microturbine fleet at multiple locations.

E-Finity maintains a fleet of approximately 600 microturbines in continuous duty operation. The renewal FPP contracts cover a total of 4.4 MWs and include C30, C65, and C1000 series microturbines. As a result of these latest contract extensions, E-Finity now has 68% of its commissioned Capstone turbines under long-term FPP contracts.