CPST - Capstone Turbine expands its renewable energy business with order in South Korea

Capstone Turbine (CPST) announces its first renewable energy C600 Signature Series microturbine order in South Korea, for the Nambu Sewage Treatment Plant in Busan.CY Tech, Capstone's exclusive distributor in South Korea, secured the order; and is expected to be commissioned in August 2021.The biogas-fueled 600-kilowatt microturbine will be installed in grid connect mode, enabling the customer to operate with the utility grid in a load sharing capacity."Increasing our top-line revenue has been an important goal of ours this fiscal year following our successful cost-cutting efforts, and expanding our geographic distribution coverage outside of North America and Europe is a key part of those efforts," commented Darren Jamison, President and CEO.Shares +0.19% pre-market.

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Capstone Turbine expands its renewable energy business with order in South Korea