Tecogen Receives Tecochill Order for Massachusetts Cultivation Facility
January 14 2021 - 9:39AM
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 the
sale of two 200-ton Tecochill chillers for a new cannabis
cultivation facility located in Massachusetts. The chillers
will provide cooling for the facility using inexpensive natural
gas, with the free waste heat utilized for dehumidification.
A maintenance contract is expected to be executed once the units
are installed later this year and will be serviced out of Tecogen’s
Waltham factory service center.
The Tecochill system is expected to reduce the
facility’s cooling costs by almost 50% when compared to traditional
electric chillers. In addition to energy cost savings, the
Tecochill solution also provides a substantial greenhouse gas (GHG)
reduction for the facility, as the efficiency of the Tecochill
combined heat and power system is significantly higher than a
typical electric utility. Reducing a facility’s carbon footprint is
an important consideration for cannabis cultivation owners when
considering compliance with state GHG reduction targets. Because
the Tecochill system runs on natural gas it does not rely on the
electric grid to operate and provides additional resiliency to grid
outages by reducing the size of back-up generation systems required
to keep the facility operational. This is a particularly important
consideration for cultivation facilities producing a high value
crop in areas that may be susceptible to weather related power
outages.
“Reducing energy costs is extremely important for
cannabis growers in an increasingly competitive market,” noted
Stephen Lafaille, Director of Business Development at Tecogen. “The
high operating costs for traditional electric chillers is
problematic for growers. The Tecochill solution provides long-term
savings that far outweigh the low initial capital costs of electric
chillers. Our decades of proven Tecochill performance combined with
our strong factory service support team with real-time remote
monitoring allows us to achieve the expected uptime targets in
critical process cooling applications.”
Tecogen has provided Tecochill chillers for 15
Massachusetts cannabis cultivation facilities, providing
significant cost savings and greenhouse gas benefits when compared
to traditional electric chillers. Many facilities are also eligible
for energy efficiency incentives from local utilities for achieving
efficiency goals, thereby reducing the capital cost to install
equipment providing efficient gas
cooling.
“This is our 36th Tecochill sold in the North
American indoor cannabis cultivation industry, with more projects
in our backlog,” added Benjamin Locke, Tecogen CEO. “The
Tecochill solution provides compelling operational cost savings and
grid resiliency similar to a traditional cogeneration system but at
a much lower capital cost. We expect that recent approvals for
recreational cannabis use in several states, including New Jersey,
creates opportunities for Tecogen to support cultivators seeking to
reduce their operational costs and improve resiliency to grid
outages while reducing their GHG footprint.”
About TecogenTecogen
Inc. designs, manufactures, sells, installs and maintains high
efficiency, ultra-clean, cogeneration products including combined
heat and power, air conditioning systems and high-efficiency water
heaters for residential, commercial, recreational and industrial
use. The company provides 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 throughout North America.
For more information, please
visit www.tecogen.com or contact us for a
free Site Assessment.
Tecogen, InVerde e+, Ilios, Tecochill, Tecofrost,
Tecopower and Ultera are registered trademarks of Tecogen Inc.
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Tecogen Media & Investor Relations
Contact Information:
Benjamin Locke, CEO
P: (781) 466-6402
E: Benjamin.Locke@Tecogen.com
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