Tecogen Sells InVerde Cogeneration System to New York Residential Building
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 an InVerde e+ cogeneration system to a large residential
building under construction in Brooklyn, New York. The system
will provide 125 kW of onsite power for the building with the
cogenerated heat used for domestic hot water for residents.
Once the InVerde e+ cogeneration system is installed, it will be
serviced from Tecogen’s Brooklyn, NY service center.
“Engineering our InVerde e+ into the building
design is the most cost-effective way to incorporate the energy
savings and resiliency of our system,” noted Jeffrey Glick, Vice
President of East Coast Sales. “In this case the building
will be seeking a LEED Silver sustainability rating and Tecogen
worked closely with the building’s engineering team to maximize the
energy savings and greenhouse gas (GHG) reductions from our
cogeneration system – which are important factors in obtaining the
The InVerde e+ provides significant GHG reductions
when compared to power obtained from the grid and hot water from a
typical boiler. It is expected that this building will reduce
its GHG footprint in excess of 170 metric tons/year, allowing the
building to avoid substantial fines that may be assessed on
buildings that fail to meet prescribed GHG reduction goals under
New York City’s Local Law 97 which requires GHG reductions of 25%
by 2024 and 40% by 2030.
“The project developer and engineering team
involved with this project previously installed a Tecogen
cogeneration system in a similar residential building in New York
that has been running as expected for over three years, resulting
in an estimated GHG reduction of 400 metric tons in addition to
significant energy cost savings,” noted Benjamin Locke, Tecogen’s
CEO. “Our InVerde cogeneration system offers buildings like
these both tremendous economic and environmental benefits as well
as the added benefit of resiliency to grid outages.”
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
Forward Looking Statements
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Forward-looking statements speak only as of the date on which they
are made, and we undertake no obligation to update or revise any
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
Benjamin Locke, CEO
P: (781) 466-6402
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