Tecogen Sells Two 75 kW Cogeneration Systems for New York City Care Facility
08 April 2021 - 11:00PM
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 75 kW cogeneration systems for installation in an
extended care facility in Queens, New York. The units will provide
savings by offsetting electricity purchased from the local electric
utility while the free waste heat is used for domestic hot
water. The system will be installed by a third-party
contractor with extensive experience installing Tecogen
cogeneration systems.
“Nursing homes and assisted living facilities are
an ideal fit for our cogeneration systems due to the facility’s
continuous need for hot water,” commented Jeffrey Glick, Tecogen’s
Vice President of East Coast Sales. “This allows the cogeneration
system to operate every day year-round, providing the best
long-term savings for the facility owner.”
New York City has some of the highest electric
rates in the country and will continue to rise as part of a
three-year rate increase approved by the State Public Service
Commission in 2020.
“Electric rates continue to increase across many
parts of the country as grid congestion issues require
infrastructure investments by the electric utility,” noted Benjamin
Locke, Tecogen’s CEO. “Utilities must also fund clean energy
programs which will drive further increases in electric rates as
these programs expand in order to meet mandated greenhouse gas
(GHG) reduction goals.”
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
Inc.
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"expect," "anticipate," "intend," "plan," "estimate," "likely"
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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
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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
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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