WALTHAM, Mass., Feb. 10, 2016 /PRNewswire/
-- Tecogen® Inc. (NASDAQ: TGEN) is pleased to
announce the company's first sale into the indoor agriculture
industry. MadeWell Ventures LLC purchased two (2) 150-ton
TECOCHILL® natural gas engine-driven chillers for
installation at an indoor growing facility in Denver, Colorado. Cultivated Power specified
the chillers as an integral component of the Combined Heat and
Power system implementation. According to the customer's
engineering estimates, the chillers and specified ancillary
equipment are expected to save the facility over $100,000 per year by significantly reducing the
building's electrical demand and energy usage, providing free
carbon dioxide from the cleaned exhaust stream to improve growing
conditions, and by recovering free high-quality waste heat from the
engines for heating and humidity control.
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"Electric grid demand and emissions control are top concerns for
the indoor growing industry, as has been well documented in recent
press coverage of the sector. Our ultra-clean efficient equipment
can provide growers a logical and cost effective solution," said
Robert Panora, Tecogen President and
chief of operations.
"This installation will be the first to utilize the Tecogen
chillers in a grow facility and will be the first to incorporate
CO2 capture and utilization. It will not only
provide an ideal growth environment but will also be one of the
most efficient operations in the U.S." said Jim Kelly, President of Cultivated Power.
The leading natural gas engine-driven chiller on the market,
TECOCHILL cuts costs by as much as 30-60% when compared to
conventional electric chillers. By running on inexpensive and
reliable natural gas, TECOCHILL chillers can help agricultural
customers avoid punitive peak electrical demand charges. As an
added bonus, additional savings can be realized by recovering free
waste heat from the engines' water jackets and exhaust streams, for
use in space conditioning, heating, and humidity control in the
grow areas. The true power of the TECOCHILL technology is most
evident in the summertime when electricity rates are at their
highest while natural gas pricing is "off peak" and especially
affordable. In addition, TECOCHILL chillers require minimal
electric load during electrical blackouts. Because the chillers are
fed by reliable natural gas, customers can be assured their
buildings will remain cool and their crops will not experience
adverse temperature fluctuations during outages, while minimizing
demand on backup power generators.
By selecting Tecogen's patented Ultera™ emission control
technology, the facility will not only cut its carbon footprint in
half (via reductions in energy usage), but also reduce emission of
harmful smog-generating criteria pollutants (NOx and CO)
to near-zero levels. Because the chillers' exhausts will be
pre-treated, the exhaust gases can be introduced into the growing
spaces via a condensing unit developed by Cultivated Power.
TECOCHILL's clean exhaust carbon dioxide (CO2) provides
a free source of nutrition for the plants, promoting plant health
and speeding growth while reducing expensive CO2
purchases by the facility operator. Environmentally conscious
indoor growing customers can select Tecogen's equipment to power
their greenhouse facilities with premier ultra-clean
technology.
The modular design of Tecogen equipment, along with the minimal
demand it places on electrical infrastructure, allow for ease of
retrofitting into existing facilities. In this case, an existing
warehouse that lacks major electrical infrastructure is being
converted into a growing facility. Since the TECOCHILLs run on
natural gas, the facility owner is able to avoid costly electrical
upgrades that would have been required had similar-sized electric
chillers been selected; offering yet another significant source of
savings for the growing operation.
About Tecogen
Tecogen® Inc. designs, manufactures,
sells, 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 where you can contact us for a free Site
Assessment.
Tecogen, InVerde, Ilios, Tecochill, Ultera, and e+,
are registered trademarks of Tecogen Inc.
Forward Looking Statements
This press release contains
forward-looking statements under the Private Securities Litigation
Reform Act of 1995 that involve a number of risks and
uncertainties. Important factors could cause actual results to
differ materially from those indicated by such forward-looking
statements, as disclosed on the Company's website and in Securities
and Exchange Commission filings. The statements in this press
release are made as of the date of this press release, even if
subsequently made available by the Company on its website or
otherwise. The Company does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were
made.
Tecogen Media
& Investor Relations Contact Information:
|
Ariel F. Babcock, CFA
|
John N.
Hatsopoulos
|
P: (781) 466-6413
|
P: (781)
622-1120
|
E:
Ariel.Babcock@tecogen.com
|
E:
John.Hatsopoulos@tecogen.com
|
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SOURCE Tecogen Inc.