Tecogen Sells Two Ultra InVerde Combined Heat and Power (CHP) Systems to Brooklyn-based Award Winning Nursing and Rehabilitation Center
WALTHAM, Mass., Dec. 16, 2014 /PRNewswire/ -- Tecogen® Inc. (NASDAQ: TGEN) today announced the sale of two INV-100 Ultra InVerde® combined heat and power (CHP) units to a Brooklyn-based Award Winning Nursing and Rehabilitation Center. The units will be an upgrade for a unit destroyed by Hurricane Sandy.
The InVerde system will provide space heat and hot water; electricity and air conditioning. The air conditioning is provided by the InVerde powering a steam fired boiler. The Tecogen unit is expected to save the nursing and rehabilitation center approximately $90K a year in energy costs.
In addition to cost savings, the Tecogen system provides 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. In addition to significantly reducing energy costs, the system cuts criteria pollutants, the compounds contributing to smog.
"Beyond the cost savings of cogeneration, the Tecogen unit provides the nursing home with the reliability of on-site power generation," said Robert Panora, President and COO of Tecogen. "Loss of power is dangerous in many situations, but more so in a health care facility."
All Systems Cogeneration, a NY based firm is managing the project. "Tecogen units are dependable, easy to service and environmentally friendly," said Gregg Giampaolo, president of All Systems Cogeneration. "Tecogen's InVerde is also NYSERDA compliant, making it easy to sell in New York."
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
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SOURCE Tecogen Inc.
Released December 16, 2014