Tecogen InVerde CHP Platform Reaches Operational Milestone
June 06 2018 - 9:00AM
Tecogen Inc. (NASDAQ:TGEN), a clean energy company providing
ultra-efficient, clean, natural gas powered on-site power, heating
and cooling equipment, is pleased to announce that its flagship
InVerde cogeneration fleet has surpassed 3.5 million hours of
operation since its introduction in 2008. Tecogen has more
inverter-based natural gas engine cogeneration systems in operation
than any other manufacturer in the US.
The InVerde cogeneration system, which was updated in 2016 to
the InVerde e+ to include significant improvements, is the only
cogeneration system that can provide power during a grid outage
using exclusively licensed CERTS microgrid controls. This allows
the InVerde to operate independently of the electric utility in
case of grid outages and ensures that critical building electric
loads such as elevators, pumps and lighting are maintained until
grid power is restored.
Tecogen’s CEO Benjamin Locke stated, “This operating milestone
is a tremendous testament to market acceptance and the durability
of our InVerde fleet. No other cogeneration system has the
longevity and proven performance of our InVerde and InVerde e+
systems. By surpassing 3.5 million run hours, the fleet has
generated upwards of 350 GW/hrs of power for customers in
residential buildings, hospitals, hotels, assisted living, and many
other industries with large utility requirements. Our service
infrastructure, with nine service centers across the US, ensures
that all our cogeneration units, chillers, and heat pumps maintain
the highest uptime and therefore the maximum savings for
customers.”
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 35 years, Tecogen has shipped more than
3,000 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, InVerde e+, Ilios, Tecochill, e+ and
Ultera are registered or pending trademarks of Tecogen, Inc.
Forward Looking Statements This press release
contains “forward-looking statements” which may describe
strategies, goals, outlooks or other non-historical matters, or
projected revenues, income, returns or other financial measures,
that may include words such as "believe," "expect," "anticipate,"
"intend," "plan," "estimate," "project," "target,"
"potential," "will," "should," "could," "likely," or "may" and
similar expressions intended to identify forward-looking
statements. These statements are only predictions and involve known
and unknown risks, uncertainties, and other factors that may cause
our actual results to differ materially from those expressed or
implied by such forward-looking statements. Given these
uncertainties, you should not place undue reliance on these
forward-looking statements. Forward-looking statements speak only
as of the date on which they are made, and we undertake no
obligation to update or revise any forward-looking statements.
In addition to those factors described in our Annual Report on
Form 10-K and our Quarterly Reports on Form 10-Q under “Risk
Factors”, among the factors that could cause actual results to
differ materially from past and projected future results are the
following: fluctuations in demand for our products and services,
competing technological developments, issues relating to research
and development, the availability of incentives, rebates, and tax
benefits relating to our products and services, changes in the
regulatory environment relating to our products and services,
integration of acquired business operations, and the ability to
obtain financing on favorable terms to fund existing operations and
anticipated growth.
Tecogen Media & Investor Relations Contact
Information:
Benjamin Locke, CEOP: (781) 466-6402E:
Benjamin.Locke@Tecogen.com
John N. Hatsopoulos P: (781) 622-1120E:
John.Hatsopoulos@Tecogen.com
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