Capstone says FPP covered fleet reaches 250MW with 4MW contract award
Capstone Turbine Corporation announced that BMTec, one of Capstone's EMEA Distributors, recently signed a large Factory Protection Plan long-term service contract covering 4 megawatts of Capstone Microturbines, in the energy efficiency market space. This 7-year FPP will provide complete service coverage, including scheduled and unscheduled maintenance. "Continued awards for energy efficiency long-term service contracts are the bedrock for sustained growth of our profitable aftermarket business model," said Jeff Foster, Capstone's Senior Vice President of Customer Service and Product Development. "When coupled with our recent large Oil & Gas FPP service contracts, our newly improved FPP service offering has become the solution of choice for global microturbine customers, enabling predictable lifecycle costs for up to 20 years," added Foster. "I'm proud that Capstone now has 250 MW of our eligible global fleet covered under the innovative Capstone long-term service FPP agreements compared to 256 MW covered under the traditional time and materials approach of our engine based competitors," stated Darren Jamison, Capstone's President and CEO.