Maker

Flush with cash from an IPO early in the summer, aCalifornia-based micro-turbine pioneer yet to record a profit, ishoping to keep up with increasing demand and move into the blackfinancially by the end of next year, spurred along at leastpartially by this summer’s electricity supply and price problems.

With transmission grids struggling with each new summer heatwave, an aspiring California-based company pushing off-gridmicroturbines, Capstone Turbine Corp., launched a successfulinitial public offering (IPO) Thursday, raising $130 million, andclosing the first day of trading, June 29, at almost $48/share,three times the initial asking price of $16. Friday’s close was$45.06 after hitting a high for the day of $49-plus.

With transmission grids struggling with each new summer heatwave, an aspiring California-based company pushing off-gridmicroturbines, Capstone Turbine Corp., launched a successfulinitial public offering (IPO) Thursday, raising $130 million, andclosing the first day of trading, June 29, at almost $48/share,three times the initial asking price of $16. Friday’s close was$45.06 after hitting a high for the day of $49-plus.

GE Power Systems expanded its already-significant turbinemanufacturing force with yesterday’s announced purchase ofWeatherford Global Compression Services’ Gemini division. Financialterms of the acquisition were not disclosed.

GE Power Systems expanded its turbine manufacturing force withyesterday’s announced purchase of Weatherford Global CompressionServices’ Gemini division. Financial terms of the acquisition werenot disclosed.