CAPSTONE GREEN ENERGY TO PROVIDE FIVE MICROTURBINES TO COLORADO NATURAL GAS PRODUCER AS U.S. ENERGY MARKET HEATS UP
5 x C65 System Will Provide Low-Emissions and Reliable Power at a Remote Site
LOS ANGELES–(BUSINESS WIRE)– Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced that Horizon Power Systems, the Company’s exclusive distributor for the Rocky Mountains in the U.S. and Western Canada, has secured an order for five Capstone C65 microturbines to be installed at a remote natural gas wellsite in northwestern Colorado. The customer is a natural gas producer operating in one of the largest natural gas basins in the U.S. The system is expected to be commissioned and operational in late 2022.
Fueled by high-pressure natural gas (HPNG) produced on-site, the system will provide power to a saltwater disposal (SWD) facility at the wellsite. The microturbines will operate in dual mode, seamlessly transitioning from continuous power to standby when needed.
Rather than overhaul an old diesel-fueled reciprocating engine that emitted high levels of greenhouse gases, the producer turned to Capstone’s microturbine technology. In this extremely remote and challenging high-altitude environment, the microturbines will provide very high reliability, withstand harsh weather conditions, and require minimal maintenance compared to traditional reciprocating engines.
Choosing Capstone met another key customer requirement: low emissions. As the first state in the U.S. to require oil and gas producers to reduce methane emissions, Colorado has implemented strict standards, which the Capstone microturbines exceed. For added flexibility, Horizon Power Systems is fabricating a skid that will make it easy to transport the system to other wellsites. The skid will be able to accommodate another microturbine in the future when needed.
“The producer is committed to using clean power at its wellsites,” said Sam Henry, President of Horizon Power Systems. “Capstone microturbines are much easier and less costly than reciprocating engines to maintain. The producer won’t spend money on oil, diesel fuel, parts, and employee time each month to maintain the engine. Instead, the lower maintenance costs of microturbines can increase the gas producer’s bottom line.”
“Overall, oil and natural gas prices remain elevated due to a relatively constructive demand picture, supply uncertainty and the geopolitical premium from Russia’s invasion of Ukraine,” said Darren Jamison, Chief Executive Officer of Capstone Green Energy. “These elevated prices and pressure to decarbonize the oil and gas industry are leading to more opportunities for our innovative low emission products,” concluded Jamison.