WALTHAM, Mass., Dec. 10, 2015 -- Tecogen® Inc. (NASDAQ: TGEN) is pleased to announce the sale of three CM-75 combined heat and power (CHP) modules to a luxury multi-unit residential high rise near Rittenhouse Square Park in Philadelphia PA. Fitted with Tecogen's patented Ultera™ ultra-clean emissions control system, the units will provide electricity and heating to the building while producing near-zero levels of harmful criteria pollutants (NOx and CO) and significantly reducing the carbon footprint of the building.
"Although Philadelphia does have some incentives for CHP, sales into this market really have to stand on their own merits," said Robert Panora, Tecogen President and Chief Operating Officer. "This sale demonstrates that our customers understand the full value proposition and attractive return on investment offered by Tecogen's clean energy solutions." Powering the 26-floor tower's residences, fitness center, and commercial spaces, the microgrid will generate electricity and hot water for the building at less than half the cost and carbon output of traditional technologies.
The sale also includes certain load modules and various Tecogen engineered accessories, helping ensure a smooth installation process for the customer. In addition to the equipment and installation accessories, the customer selected a full long term maintenance service agreement. "Service contracts ensure peak performance and operational efficiency throughout the life of the equipment and provide hassle-free long term peace of mind for customers," Mr. Panora added.
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 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 20 years, Tecogen has shipped more than 2,300 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 Investor Relations & Media Contact Information:
Ariel F. Babcock, CFA
John N. Hatsopoulos
P: (781) 466-6413
P: (781) 622-1120
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