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Capstone Turbine Corporation is a global manufacturer of low-emission microturbine systems. The company’s award-winning systems are designed to improve the efficiency of U.S. energy infrastructure and to reduce the emission of greenhouse gases. To fuel this mission the company is a member of the U.S. Environmental Protection Agency’s Combined Heat and Power Partnership.

The company today announced it has received a payment from UTC Power, of United Technologies Corp. (NYSE: UTX), for the completion of the fifth of six “Microturbine Build” milestones as part of the 200kW microturbine development and commercialization agreement between the companies.

Including today’s announcement, Capstone has received $10.5 million of the $12 million owed under the development agreement. On its end of the deal, Capstone delivered a dual-mode C200 microtubine system to UTC Power, meeting specific performance guidelines.

UTC Power provided Capstone with engineering support, giving Capstone what Mark Gilbreth, executive vice president and chief technology officer of Capstone, called “a rich background of expertise to the development program.”

Capstone said it remains on track to deliver the microturbines, and is even ahead of the bell in some aspects of the development agreement.

“I am very encouraged that we continue to be on schedule with this very critical program,” Darren Jamison, president and CEO of Capstone stated. “We were able to ship the first commercial C200 ahead of schedule on Aug. 28 and deliver the UTC Power unit as part of the Development Program in early September. We are now focused on commercial deliveries and increasing production rates to meet strong customer demand.”

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