Capstone Turbine (CPST) has received two orders totaling three megawatts (MW) for microturbines for palm-oil processing plants in Malaysia.
The bookings, Capstone's first in the palm-oil production market, represent the initial phase of what Capstone expects will be orders for 15 MW of capacity over the next three years.
The microturbines will operate on biogas produced by the extraction of the palm oil, and will provide 100% of the power to the facilities.
Shares are +3.3%. (PR)