WALTHAM, Mass., May 6, 2015 /PRNewswire/
-- Tecogen® Inc. (NASDAQ: TGEN) today announced the
sale of a CM-75 combined heat and power (CHP) system to the
Regional YMCA of Western
Connecticut. The system will supply 75 kW of electricity to
the facility, while simultaneously providing space heat, domestic
hot water and pool heating at a far lower cost than the
conventional alternative of utility-purchased
electricity.
The facility is expected to save an estimated $65K annually.
"A clean environment is just as important to good health as
exercise and diet," said Marie
Miszewski, President and CEO, Regional YMCA of Western
Connecticut. "Installing the Tecogen system in our Greenknoll
branch will substantially reduce our carbon emissions and impact on
the environment. It will also lower our energy costs,
allowing us to dedicate more of our resources to Youth Development
and Healthy Living programming."
"Tecogen offers a cost-effective solution for private and
non-profit health clubs like YMCAs and community centers because
these facilities generally have high energy bills due to high
demand for power during peak hours," said Robert Panora, President and COO of Tecogen. "In
addition to CHP cost savings, the Tecogen system generates on-site
power allowing the facility to buy less electricity from the
grid."
In fact, the facility is gaining more savings by participating
in Connecticut's Property Assessed
Clean Energy program. This program, administered by Connecticut's Public Utilities Regulatory
Authority, provides incentives to properties that offload the grid
during peak hours. This program is providing the facility
with a fast payback system. Within four years the equipment
will have paid for itself.
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
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 building's carbon footprint.
In business for over 20 years, 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.