WALTHAM, Mass., Nov. 18, 2014 /PRNewswire/ -- Tecogen^® Inc. (NASDAQ: TGEN) today announced the sale of two Ultra InVerde^® INV-100 combined heat and power (CHP) systems to a 300 unit, luxury condominium residence in Manhattan. Tecogen's system is expected to reduce yearly energy costs by 27% and significantly cut criteria pollutants, the compounds contributing to smog.  The new system is estimated to reduce the annual carbon output attributed to the residence by 568 tons of CO₂.

In addition to cost savings, the Tecogen systems provide the building with emergency stand-by power when grid power is lost.  This feature keeps the building's lights on and elevators working during outages like those experienced in the aftermath of Hurricane Sandy.

"New York City is a strong and growing market for Tecogen," said Robert Panora, Tecogen's President and Chief Operating Officer.  "Large residences are able to reduce energy costs significantly.  In this sale, the residence is looking at a two year pay-back." 

This residential building has entered into a long-term maintenance contract with Tecogen.

About Tecogen

Tecogen manufactures, installs, and maintains high efficiency, ultra-clean combined heat and power products including natural gas engine-driven cogeneration, air conditioning systems, and high-efficiency water heaters for industrial and commercial use.  Tecogen has shipped more than 2,000 units, supported by an established network of engineering, sales, and service personnel across the United States. For more information, please visit www.tecogen.com.

Tecogen Media Contact Information:
David Garrison
P: 781-466-6403
E: David.Garrison@Tecogen.com

Tecogen Investor Contact Information:
John N. Hatsopoulos
P: 781-622-1120
E: jhatsopoulos@tecogen.com

SOURCE Tecogen Inc.