Capstone Turbine (CPST) has announced a new order for its C1000 1MW microturbine from a large consumer goods manufacturer in Chicago. The turbine will be used to supplement utility power and heat water in the manufacturer’s 250K sq ft plant. The company estimates the energy savings is the equivalent of removing 700 cars from the road and expects it to pay for itself within four years.
Said CPST CEO Darren Jamison, “Capstone’s products are a great solution for lowering energy costs. We’ve had tremendous response from companies throughout the world when they learn how much they can save each year using Capstone’s CHP technology.”
After gapping up about 5% at the open, CPST is now trading flat but still looking very bullish on the daily chart. It broke out of a cup with handle base with good volume on Jan 5th.