Tecogen Sells Natural Gas Driven Cogeneration Unit to New Luxury Condominium Residence in Hudson Yards, New York
WALTHAM, Mass., Dec. 18, 2014 /PRNewswire/ -- Tecogen® Inc. (NASDAQ: TGEN) today announced the sale of a Tecogen CM-75 Cogeneration unit to a new luxury condominium residence in New York City's Hudson Yards. The Tecogen CM-75 cogeneration system will generate common area electricity, heating and domestic hot water for this newly constructed 10-story building with 107 residential units. The unit is expected to provide approximately $70K annually in energy costs.
Hudson Yards is the largest private real estate development in the history of the United States and the largest development in New York City since Rockefeller Center.
"The new Hudson Yards residence will benefit from cogeneration's cost savings and environmental impact," said Robert Panora, President and COO of Tecogen. "The incorporation of cogeneration into building specifications is now a Standard of Practice for new construction. This validation of our technology places Tecogen firmly in the midst of energy decisions for new and existing buildings."
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 2,200 units, supported by an established network of engineering, sales, and service personnel across the United States.
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 18, 2014