Tecogen Receives Repeat Order from New York Developer
04 Agosto 2022 - 10:19AM
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
additional order from a developer of several residential buildings
in New York City. The order for an InVerde cogeneration
system for a building being developed in Queens follows three
previous orders from the same developer for cogeneration systems
for buildings in Brooklyn and the Bronx. A long-term
maintenance contract for all of the systems is expected to be
signed when construction is complete.
New York City electric rates have experienced a
50% increase from 2021 rates and are not expected to reduce as grid
capacity and reliability issues continue. As overall energy
prices increase, the savings from Tecogen’s cogeneration systems
have increased proportionally.
“We are excited to be working with this developer
of residential buildings in New York City," commented Benjamin
Locke, Tecogen’s CEO. “In addition to providing significant
savings and grid resiliency, the buildings will achieve a net
reduction in Greenhouse Gas (GHG) emissions. We expect
additional orders from this development and look forward to
installing and commissioning these systems as the buildings are
completed next year.”
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.
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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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