Page 16 - LatAmOil Week 09 2023

LatAmOil NEWS IN BRIEF LatAmOil

Subsea7 announces continents. The value of Capstone technology Energy.
is being recognised and used worldwide for its
About Capstone Green Energy: Capstone
contract extension in Brazil reliability under harsh conditions in remote set- Green Energy (NASDAQ: CGRN) is a leading
tings, for the environmental benefits compared provider of customised microgrid solutions and
Subsea 7 has announced a sizeable award by to legacy turbine technology, and its modular on-site energy technology systems focused on
Petrobras for a pipelay support vessel (PLSV) design, which allows customers to scale the helping customers around the globe meet their
offshore Brazil. The agreement extends an exist- product to suit their needs for on-site power gen- environmental, energy savings, and resiliency
ing contract for Seven Cruzeiro from February eration,” said Darren Jamison, Capstone Green goals. Capstone Green Energy focuses on four
until November 2023. Energy’s President and CEO. key business lines. Through its Energy as a Ser-
Daniel Hiller, Vice-President Brazil, said: The 1-MW solution will be installed in a vice (EaaS) business, it offers rental solutions
“This extension reflects our track record of remote oilfield in the Ecuadorean jungle and will utilising its microturbine energy systems and
delivering successful PLSV activities in Brazil, replace an existing diesel generator and produce battery storage systems, comprehensive Factory
achieving high standards of safety and a strong clean and reliable electricity using associated gas Protection Plan (FPP) service contracts that
operational performance. We look forward to directly from the pipeline. guarantee life-cycle costs, as well as aftermarket
continuing our successful relationship with The power generated by the microturbines parts. Energy Generation Technologies (EGT)
Petrobras.” will provide 100% of the electricity needed to are driven by the Company’s industry-lead-
Subsea7 defines a sizeable contract as being power on-site surface production equipment ing, highly efficient, low-emission, resilient
between $50mn and $150mn. and the pump station. microturbine energy systems offering scala-
Subsea7, 24 February 2023 The oilfield operators selected Capstone’s ble solutions in addition to a broad range of
microturbine technology for its high relia- customer-tailored solutions, including hybrid
Capstone Green Energy bility in the field as well as their ability to sig- energy systems and larger frame industrial tur-
nificantly reduce operational costs and flare bines. The Energy Storage Solutions (ESS) busi-
continues success in EaaS emissions. Operators wanted a modular, relia- ness line designs and installs microgrid storage
ble, and cost-effective solution to replace their systems creating customised solutions using a
market with 1-MW order for high-maintenance genset. The microturbines, combination of battery technologies and mon-
which have only one moving part and use no itoring software. Through Hydrogen & Sustain-
Ecuadorean oilfield lubricants, are a low-maintenance solution, able Products (H2S), Capstone Green Energy
which is a key benefit given the site’s remote offers customers a variety of hydrogen products,
Capstone Green Energy Corp., a global leader location. including the Company’s microturbine energy
in carbon reduction and on-site resilient green “Capstone microturbine solutions are an systems.
energy solutions, continues to grow in the ideal choice for oil and gas operators due to their To date, Capstone has shipped over 10,000
Energy-as-a-Service (EaaS) market with newly low maintenance and high reliability. Microtur- units to 83 countries and estimates that in Fiscal
secured order for a C1000S microturbine rental bines can use associated natural gas as an input Year 2022, it saved customers over $213mn in
package for a leading global oil and gas technol- fuel source with minimal gas pre-treatment. annual energy costs and approximately 388,000
ogy company. The order will be deployed in an This allows oil and gas customers to monetise tonnes of carbon.
Ecuadorean oilfield in early April. the associated gas, keep operational costs low Total savings over the last four years are esti-
“This recent order for a Capstone micro- by avoiding extra fuel-cleaning equipment, and mated to be approximately $911mn in energy
turbine in Ecuador means that over the past reduce any negative impact on the local envi- savings and approximately 1,503,100 tonnes of
three months, we have made sales, directly and ronment,” concluded Gorgui Ndoye, Director carbon savings.
in partnership with our distributors, on four of Business Development for Capstone Green Capstone Green Energy Corp., 01 March 2023

P16 www. NEWSBASE .com Week 09 01•March•2023