WALTHAM, Mass., Sept. 8, 2016 /PRNewswire/
-- Tecogen® Inc. (NASDAQ: TGEN), a provider of
clean energy products which, through patented technology, nearly
eliminate criteria pollutants and significantly reduce a customer's
carbon footprint, today announced the sale of a 200kW combined heat
and power (CHP) system for installation in Glenn Gardens, a
multi-unit residential building on Manhattan's Upper West Side. The sale includes
two InVerde e+ 100kW CHP units, Tecogen's patented near-zero Ultera
emissions control technology, and various factory engineered
accessories.
Designed by award-winning architect Seymour R. Joseph, the 32-story full-service
residential building includes 266 spacious apartments, on-site
laundry facilities, and an exercise room. "We are committed to
providing our residents with the most comfortable and convenient
living experience whenever possible. Tecogen's equipment will
ensure building occupants are never left in the dark in case of
emergency – an important enhancement to our building's resiliency,"
said Glenn Gardens' representative Matthew
Guernsey.
"The capabilities of the InVerde e+ are really resonating with
the multi-unit residential community, especially those focused on
emergency standby power and cost control initiatives," said
Benjamin Locke, Tecogen's co-Chief
Executive Officer. "For properties concerned about cutting
operating expense while enhancing resident comfort, the InVerde e+
offers a robust and affordable solution that pays for itself over
time – our average InVerde unit saves customers $50,000-100,000 annually."
Tecogen's InVerde e+ offers on-site power generation as well as
efficient heating capabilities all powered by reliable natural
gas. Coupled with the equipment's best-in-class electrical
efficiency to produce maximum savings, the e+ also saves money by
recovering free waste heat from the electric generator for use in
climate control and to provide hot water. In this way the e+ can
cut a building's energy bills in half while also cutting the site's
carbon footprint substantially. As a result of the equipment's
superior efficiency over the utility grid, each InVerde e+ saves
378 tons of carbon dioxide annually – the equivalent of removing 72
cars from the road or planting 15,729 trees.
Tecogen's latest upgrade to the InVerde line of efficient
combined heat and power units was launched this spring with several
new and important features unmatched by competing offerings. Among
the most notable new additions, the InVerde e+'s electrical
efficiency is 7.5% greater than prior models, 15% greater than the
competition, which contributes to as much as $11,000 of additional savings per year.
Consistent with prior models, the InVerde e+ comes fitted with
the Tecogen's patented Ultera emissions control technology, making
the InVerde the only natural gas powered CHP product line on the
market to nearly eliminate harmful criteria pollutants that
contribute to smog. All of these features are bundled together and
exclusively offered by Tecogen, creating a unique CHP solution for
building resiliency, environmental sustainability, and energy
efficiency – a complete package.
About Tecogen
Tecogen® Inc. designs,
manufactures, sells, installs, and maintains high efficiency,
ultra-clean, cogeneration products including natural gas
engine-driven combined heat and power, air conditioning systems,
and high-efficiency water heaters for residential, commercial,
recreational and industrial use. The company is known for cost
efficient, environmentally friendly and reliable products for
energy production that, through patented technology, nearly
eliminate criteria pollutants and significantly reduce a customer's
carbon footprint.
In business for over 20 years, Tecogen has shipped more than
2,300 units, supported by an established network of engineering,
sales, and service personnel across the
United States. For more information, please visit
www.tecogen.com or contact us for a free Site Assessment.
Tecogen, InVerde, Ilios, Tecochill, Ultera, and e+,
are registered trademarks or trademark pending registration of
Tecogen Inc.
Forward Looking Statements
This press release may
contain forward-looking statements under the Private Securities
Litigation Reform Act of 1995 that involve a number of risks and
uncertainties. Important factors could cause actual results to
differ materially from those indicated by such forward-looking
statements, as disclosed on the Company's website and in Securities
and Exchange Commission filings. The statements in this press
release are made as of the date of this press release, even if
subsequently made available by the Company on its website or
otherwise. The Company does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were
made.
Tecogen Media
& Investor Relations Contact Information:
|
Ariel F. Babcock,
CFA
|
John N.
Hatsopoulos
|
P: (781)
466-6413
|
P: (781)
622-1120
|
E:
Ariel.Babcock@tecogen.com
|
E:
John.Hatsopoulos@tecogen.com
|
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SOURCE Tecogen