Tecogen Sells $1.4M Efficient Clean Energy System to Federal Prison
WALTHAM, Mass. - Tecogen® Inc. (NASDAQ: TGEN, the "Company"), provider of clean energy products which, through patented technology, nearly eliminate criteria pollutants and significantly reduce a customer's carbon footprint, today announced the sale of a full turnkey packaged cogeneration solution to a federal prison in New York. Worth $1.4 million, Tecogen's equipment was selected in a competitive bidding process by a national energy service company (ESCO) conducting a broader range of energy efficiency initiatives at the correctional facility.
"For customers with sensitive facilities, like prisons, resiliency and operational efficiency are important factors when considering site upgrades. The superior efficiency of our on-site equipment translates directly into predictable savings while also relieving strain on expensive standby equipment in case of emergency," said Benjamin Locke, Tecogen Co-CEO. Mr. Locke added, "We have done several projects in the past with this particular ESCO partner. They are extremely familiar with our cogeneration technology's capabilities and seem quite confident in selecting our equipment and installation team for their customers – a relationship we expect to build on going forward."
The cogeneration equipment will reduce the facility's electric demand while recycling the engine's waste heat for domestic hot water use. Slated for outdoor installation, the equipment is expected to be installed in the first half of 2017.
About Tecogen
Tecogen® Inc. designs, manufactures, sells, installs, and maintains high efficiency, ultra-clean, cogeneration products including natural gas engine-driven combined heat and power, air conditioning systems, and high-efficiency water heaters for residential, commercial, recreational and industrial use. The company is known for 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 20 years, Tecogen has shipped more than 2,300 units, supported by an established network of engineering, sales, and service personnel across the United States. For more information, please visit www.tecogen.com or contact us for a free Site Assessment.ÂÂ
Tecogen, InVerde, Ilios, Tecochill, Ultera, and e+, are registered trademarks or trademark pending registration of Tecogen Inc.
Tecogen Media Investor Relations Contact Information:
Ariel F. Babcock, CFA             ÂÂ
John N. HatsopoulosÂÂ
P: 781-466-6413                     ÂÂ
P: 781-622-1120
E: Ariel.Babcock@tecogen.com
E: John.Hatsopoulos@tecogen.com
Source
Tecogen Inc.
Web Site: http://www.tecogen.com
