Tecogen Receives Multiple Unit Order from a Multinational Energy Company
07 Septembre 2022 - 4:15PM
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 order for five
Tecopower cogeneration units from a subsidiary of a multi-billion
dollar Energy Services Company (ESCO). The units are expected
to be installed within the proximity of Tecogen’s factory service
centers, which are expected to provide long-term service of the
units.
“We are pleased to begin what we hope is a long and fruitful
partnership with this ESCO. Considering rising energy prices and
the passage of the Inflation Reduction Act, installation of
Tecogen’s cogeneration systems offers one of the most compelling
value propositions from both an economic and sustainability
perspective,” noted Benjamin Locke, Tecogen’s CEO. “We expect to
work closely with this ESCO to generate follow on orders for both
our cogeneration and clean cooling solutions.”
About Tecogen Tecogen 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 StatementsThis 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, CEOP: (781) 466-6402E:
Benjamin.Locke@Tecogen.com
Tecogen (NASDAQ:TGEN)
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