Tecogen Sells Chiller to Connecticut High School
March 24 2021 - 9:00AM
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 a 200-ton Tecochill unit to a large high school in
Western Connecticut. The system replaces a Tecochill unit
that has been running at the school for almost 30 years and
includes a renewed maintenance contract that will be serviced out
of Tecogen's Connecticut service center.
"The original Tecochill system for this school was
commissioned in 1992," noted Jeffrey Glick, Vice President of East
Coast Sales at Tecogen. "The energy savings and reliability of gas
cooling compared to electric chillers over that timespan were
significant. When it came time to replace the system, the
school chose to stay with the Tecochill solution. We look forward
to continuing to provide savings and resiliency to the electric
grid for this school.”
The school is located in southwestern Connecticut,
which has some of the highest electric rates in the Northeast due
to grid congestion in the area. The Tecochill system offsets
a significant amount of electrical demand for the school during
peak summer months when electric rates are highest, resulting in
savings on utility costs and an overall reduction in the school’s
greenhouse gas (GHG) footprint.
“This school has been a longstanding customer of
Tecogen, and therefore understands the tremendous energy savings of
the Tecochill product," stated Benjamin Locke, Tecogen CEO. "The
new chiller will have updated refrigerants and emissions controls,
as well as additional heat recovery to maximize the savings for the
school. The sale also speaks to the longevity and reliability
of our Tecochill chillers. With proper factory maintenance,
our chillers help customers get the most useful life out of their
equipment and ensure many years of energy savings.”
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.
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," "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, CEO
P: (781) 466-6402
E: Benjamin.Locke@Tecogen.com
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