Tecogen Continues to Build Momentum with Mechanical CHP in Indoor Growing
August 30 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 an additional
Tecochill sale into the emerging indoor cannabis growing market in
Massachusetts. Tecogen will deliver 2 Tecochill STx 200 ton natural
gas engine chillers to the facility to provide cooling for the grow
rooms and hot water for dehumidification control. The units
will ship at the end of the third quarter and are expected to be
operational in early 2019.
Stephen Lafaille, Product Manager for Tecogen, stated, "The
Tecochill solution to the large energy needs of indoor growing
facilities is becoming increasingly recognized by industry
professionals. By base loading the cooling needs of the facility
with Tecogen chillers, the project realizes significant energy
savings while also reducing the site’s electrical infrastructure
requirements. This particular grower is also using the free waste
heat to provide dehumidification, further increasing the efficiency
and savings for the project.”
The order is Tecogen's 12th into North America's rapidly
emerging indoor cannabis grow industry, with additional Tecochill
systems currently in design and construction planning.
Tecogen’s nationwide service presence and cloud-based remote
monitoring capabilities ensures rapid response to critical process
cooling customers such as indoor grow facilities.
"We continue to make excellent progress establishing Tecochill
as the design basis for indoor growing facilities,” added Tecogen
CEO, Benjamin Locke. “The tremendous power needs for these
facilities sometimes exceed the utility’s ability to supply
consistent cost-effective power. The Tecochill product not
only reduces the electrical supply needs of the facility, but also
results in significant greenhouse gas (GHG) savings as compared to
traditional methods of cooling. We are very pleased with this
order and look forward to additional projects in the indoor growing
market.”
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.
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 e+, Ilios, Tecochill, 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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