Tecogen Continues Strong Sales into Indoor Cannabis Industry
November 27 2018 - 9:32AM
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 yet another Tecochill
sale into the Massachusetts indoor cannabis growing market. Tecogen
will deliver 2 Tecochill DTx 400-ton natural gas engine driven
chillers to the facility to provide cooling for the grow rooms and
hot water for dehumidification control. The units are
expected to be commissioned and running in early 2019.
“This grow facility in Massachusetts needed a
substantial amount of cooling capacity in order to meet its
production goals,” stated Stephen Lafaille, Product Manager for
Tecogen. “The Tecochill solution uses a natural gas engine to
turn the refrigeration compressor to meet the strict cooling
requirements of the facility, substantially reducing its electrical
needs from the utility. This facility is also utilizing the
waste heat recovery of the Tecochill system to provide heating and
dehumidification, further increasing the efficiency and savings for
the project. It’s this simultaneous production of cooling and
engine heat recovery that categorizes it as a combined heat and
power (CHP) system, thereby unlocking local utility incentives, as
well as federal tax credits to supplement the operational cost
savings inherent with CHP systems.”
The Tecochill product not only delivers
substantial energy savings over electric cooling systems, but also
accomplishes significant greenhouse gas (GHG) savings compared to
traditional forms of heating and cooling similar facilities which
typically use grid-powered electric chillers and boilers. The
Tecochill units at this grow facility are expected to reduce GHG
emissions by upwards of 1,000 tons of CO2/year. Tecogen
systems are recognized annually by the EPA Combined Heat and Power
Partnership for their overall reduction in carbon dioxide
emissions.
“This project is our 12th grow facility in
Massachusetts alone,” stated Benjamin Locke, CEO of Tecogen.
“The energy savings and infrastructure simplification of using our
Tecochill product is becoming standard practice when engineering
cannabis or other high value indoor growing crops. The GHG
benefits and overall air quality improvements using Tecogen’s
Ultera emissions technology, coupled with our in-state
manufacturing facility, make this a win-win for
Massachusetts.”
The order is Tecogen's 16th into North America's
rapidly emerging indoor cannabis industry, with additional
Tecochill systems currently in design and construction
planning. Tecogen’s nationwide service presence and
cloud-based remote monitoring capabilities ensure rapid response to
critical process cooling customers such as indoor agriculture
facilities.
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 e+, Ilios, Tecochill, and
Ultera are registered or pending trademarks of Tecogen Inc.
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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
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