Tecogen Receives Order for Two InVerde Systems and Components
August 09 2022 - 10:09AM
via NewMediaWire -- Tecogen Inc. (OTCQX: TGEN), a
clean energy company providing ultra-efficient and clean on-site
power, heating, and cooling equipment, is pleased to announce an
order for 2 InVerde e+ cogeneration systems for a multi-unit
residential complex in New York City. The complex consists of
2 towers which will each have an InVerde unit to provide heat and
power as well as resiliency to grid outages. The order
includes engineered components, system controls,
Tecogen’s CHPInsight remote monitoring system, and a
service contract which will be based out of Tecogen’s Brooklyn
service center. The order is the third project with the same
property developer using Tecogen equipment.
“We are excited to be working with this property
developer again on their new building in New York City,” commented
Benjamin Locke, Tecogen’s CEO. “Our work on previous
buildings with this developer created confidence in expanding the
scope of this project to include important ancillary components
such as pre-engineered load modules, control panels, utility
relays, and engineering support. From the customer perspective, the
CHPInsight system allows them to monitor and verify system
performance and document savings from their desktop or mobile
device.”
About TecogenTecogen Inc. designs,
manufactures, installs, and maintains high efficiency and
ultra-clean cogeneration products, including combined heat and
power systems, air conditioning systems, and high-efficiency water
heaters for residential, commercial, recreational, and industrial
applications. The company’s cost efficient, reliable, and
environmentally friendly products for energy production nearly
eliminate criteria pollutants and significantly reduce customers’
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 throughout North
America. Aggregate run hours on Tecogen’s InVerde
cogeneration systems exceeds 5 million hours. For more
information, please visit www.tecogen.com or contact us
for a free Site Assessment. Tecogen, InVerde e+, Ilios,
Tecochill, Tecofrost, Tecopack, Tecopower, and Ultera are pending
or registered trademarks of Tecogen Inc.
Forward-Looking StatementsThis 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," "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. 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 the Risk Factors described in our
Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q
under “Risk Factors,” factors that could cause our actual results
to differ materially from past and projected future results include
the impact of the coronavirus pandemic on demand for our products
and services, the availability of incentives, rebates and tax
benefits relating to our products, changes in the regulatory
environment relating to our products, competing technological
developments, and the availability of financing to fund our
operations and growth.
Tecogen Media & Investor Relations Contact
Information: Benjamin Locke, CEOP: (781) 466-6402E:
Benjamin.Locke@Tecogen.com
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