Capstone Turbine (CPST) To Help Power “Green” Ship With LNG Microturbines

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09:17:12 am on April 7, 2011

Capstone Turbine (CPST) announced a recent order for two C30 liquid natural gas (LNG) microturbines to be used aboard a Type C tanker for the main power supply.  Some of the heat will also be recycled to power the microturbine and the main propulsion engines.

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"The customer selected low-emission Capstone microturbines for this innovative vessel to take advantage of Capstone’s ultra-low emissions as well as our low maintenance requirements and high reliability," said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. "In addition, the microturbines can easily integrate with current onboard equipment and increase onboard comfort because there’s no vibration and very low noise."

Shares of CPST have been on quite a tear in recent months, nearly tripling in price from its sub-buck levels.  The stock remains in a strong trend up, but in my opinion it’s too extended to chase at this time.  The first significant pull back off this run would offer  a decent entry point.

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