Tecogen 250 kW InVerde® System Specified for Large Residential Building in Downtown Brooklyn, NY
June 02 2021 - 9:03AM
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 InVerde e+ cogeneration systems to a large residential
building in Brooklyn, New York. The system will provide 250 kW of
onsite power for the building with the cogenerated heat used for
space heating and domestic hot water for the facility.
“The cogeneration plant for this building was
designed and specified by an engineering firm that has partnered
with Tecogen on several previous projects,” noted Abinand Rangesh,
Tecogen’s Vice President and General Manager. “As construction
activities resume post-COVID, we are seeing specification sales
opportunities coming to fruition. We have been working closely with
our key engineering partners to support their design efforts in
both the chiller and cogeneration space by providing custom
designed load modules and engineering accessories to simplify their
design efforts as well as contractors’ installation requirements
while improving operational efficiency. This has also led to
improved system reliability and repeat business from satisfied
engineering firms.”
The 250 kW InVerde e+ system will reduce the
Brooklyn residential building’s GHG footprint by 100 to 170 metric
tons of CO2 per year, helping it comply with New York Local Law 97
which creates financial incentives to reduce greenhouse gas
emissions. Local Law 97 acts like a carbon tax for buildings with
at least 25,000 square feet of space by penalizing failures to meet
specific carbon emissions limits beginning in 2024. Tecogen’s
InVerde systems are particularly well suited for use in buildings
with space limitations due to the compact size of the InVerde
system (unlike other distributed generation technologies such as
solar and wind, which are difficult to implement in
space-constrained areas). Tecogen’s Ultera® emissions reduction
system, which is included on all Tecogen equipment, also reduces
NOx and CO emissions to less than the NOx and CO emissions of
equivalent sized natural gas fuel cells.
“Our engineering partners appreciate the
environmental and economic benefits of our InVerde cogeneration
systems, particularly in cities where space is at a premium and
project payback and GHG reductions are of greatest benefit to
customers,” noted Benjamin Locke, Tecogen’s CEO. “Our efforts
to concentrate on equipment sales specified through engineering
partners continues to be an effective strategy to set Tecogen up
for follow-on projects through our engineering partners.”
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 Statements
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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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