Tecogen Selected for 12 Unit Microgrid Order
December 11 2018 - 10:14AM
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 it has secured
an order for 12 InVerde e+ units that will be installed in 6
buildings that are part of a large low income housing complex in
Manhattan. The microgrid will have 2 InVerde e+ cogeneration
modules installed to provide electricity and hot water to each
building. In the case of grid outages, the Tecogen system will
provide backup power to maintain common area lighting, elevators,
water pumps, and other backup circuits. Tecogen was specified
by a prominent engineer over alternative cogeneration options due
to the technical superiority of the InVerde e+ system, which
provides the best savings and cost benefit to the complex.
“We have been working on this project for some time to develop a
solution that maximizes savings to the customer and reaches an
acceptable payback for their investment,” stated Benjamin Locke,
Tecogen’s CEO. “This is our fifth large microgrid system
installed in large low-income housing complexes in New York City,
and adds to our existing fleet of over 250 microgrid enabled CHP
systems operating in the US.”
The order qualifies for incentives from the NYSERDA program, and
includes a 5 year factory maintenance agreement. Tecogen’s
large factory service presence with 25 factory trained technicians
in three service centers in the New York City area was a key factor
in selecting Tecogen for the project.
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
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