WALTHAM, Mass., Feb. 28, 2017 /PRNewswire/
-- Tecogen® Inc. (NASDAQ: TGEN), 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 six CM-75 combined
heat and power (CHP) units to MGM Springfield, a $950 million resort casino under construction in
Springfield, Massachusetts.
The units will be installed by Harry Grodsky Company Inc., a full
service mechanical contractor with substantial experience meeting
the needs of casino resorts in the Northeast. The casino, which is
scheduled to open in 2018, will be owned and operated by MGM
Resorts International.
Speaking about the project, Jeffrey
Grodsky, Executive Vice President of Harry Grodsky, noted, "Cogeneration is an
excellent fit for casino resort applications as their consistent
need for climate control and the property's typically high electric
demand mean cogeneration can offer substantial savings."
Benjamin Locke, Tecogen Co-CEO,
added, "Since casinos already tend to have multiple standby systems
for standby power and backup redundancy, selecting our CM-75 made
the most economic sense for this project; we estimate MGM will save
between $300,000 - $400,000 annually
as a result. Selecting CHP will substantially reduce the resort's
energy-related carbon footprint. The units will also be fitted with
our patented Ultera ultra-low emissions technology, allowing for
super clean operation - on par with near-zero emissions from fuel
cells - in compliance with the strictest air quality standards in
the country."
The cogeneration plant at MGM Springfield is aligned with MGM
Resorts International's broader sustainability and conservation
goals, as outlined by the company's Green Advantage program. Over
the past five years, MGM Resorts International has completed energy
conservation efforts in resorts that have cumulatively saved 194M
kWh of electricity and 239,000 MMBtu of natural gas, enough energy
to offset the annual usage of 23,000 average U.S. homes.
About Harry Grodsky & Co.,
Inc.
Harry Grodsky & Co.,
Inc. is one of the largest privately held mechanical contracting,
engineering, energy solution, and service organizations in the
Northeast. Since 1918, we've built a reputation for dependable
professionalism by consistently providing solutions that work. Our
experienced staff and quality workforce can help to ensure that
your next project is a success. To learn more please visit
http://www.grodsky.com/site_hg/hg_home.html
About MGM
MGM Resorts International (NYSE: MGM) develops, builds and operates
unique destination resorts designed to provide a total resort
experience, including first-class accommodations and dining,
world-class entertainment, state-of-the-art meeting and convention
facilities, and high-quality retail and gaming experiences.
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 30 years, Tecogen has shipped more than
2,500 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.
Tecogen, InVerde, Ilios, Tecochill, Ultera, and e+,
are registered trademarks or trademark pending registration of
Tecogen Inc.
Forward Looking Statements
This press release may
contain forward-looking statements under the Private Securities
Litigation Reform Act of 1995 that involve a number of risks and
uncertainties. Important factors could cause actual results to
differ materially from those indicated by such forward-looking
statements, as disclosed on the Company's website and in Securities
and Exchange Commission filings. The statements in this press
release are made as of the date of this press release, even if
subsequently made available by the Company on its website or
otherwise. The Company does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were
made.
Tecogen Media
& Investor Relations Contact Information:
|
Ariel F. Babcock,
CFA
|
John N.
Hatsopoulos
|
P: (781)
466-6413
|
P: (781)
622-1120
|
E:
Ariel.Babcock@tecogen.com
|
E:
John.Hatsopoulos@tecogen.com
|
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SOURCE Tecogen Inc.