Tecogen Inc. (NASDAQ: TGEN), a clean energy company providing
ultra-efficient, clean, natural gas powered on-site power, heating
and cooling equipment, has sold four, 400-ton TECOCHILL chillers to
the University of Connecticut for installation in the central
utility plant located on its main campus in Storrs, Connecticut.
The chillers will provide air conditioning for much of the campus
and replace chillers supplied by Tecogen over 20 years ago,
replacing them with a new TECOCHILL system that operates at a
higher efficiency and with improved environmental benefits,
including the company’s patented emissions aftertreatment system,
Ultera, and uses a modern, ozone-friendly refrigerant. The
University will receive State incentives available to engine
chillers that curb peak electrical demand in this highly congested
region. The incentive program is specific for natural gas engine
driven chillers because of their unique characteristic of being
both highly efficient while requiring minimal electricity.
Jeff Glick, Tecogen’s Vice President of Sales, commented, “The
University of Connecticut has been a Tecogen customer for over 20
years. Because of the proven track record of savings from our
TECOCHILL systems, it was an easy decision to replace the existing
system with Tecogen’s system with recent upgrades including
improved efficiency, modern refrigerant technology, and Ultera
emissions controls. The project includes a new service
contract to ensure the chillers provide the expected economic
benefits for the next 20 years.”
The systems are expected to be installed in time for the summer
cooling season at the central utility plant and will be serviced by
Tecogen’s Connecticut Service Center which has served a large
population of Tecogen air-conditioning and combined heat and power
(CHP) products for approximately 30 years, including systems sold
by Clover Corporation, our long-time exclusive representative in
the area.
Benjamin Locke, Tecogen’s CEO, added, “Our TECOCHILL product is
the only natural gas engine-driven chiller system available for
cooling large facilities such as the University of
Connecticut. The cost savings and environmental benefits of
the Tecogen technology made it a simple decision for the University
to update its chiller system with Tecogen’s updated and enhanced
chiller technology.”
About Tecogen Tecogen Inc. designs,
manufactures, sells, installs, and maintains high efficiency,
ultra-clean, cogeneration products including natural gas
engine-driven combined heat and power, 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 35 years, Tecogen has shipped more than
3,000 units, supported by an established network of engineering,
sales, and service personnel across the United States. For more
information, please visit www.tecogen.com or contact us for a
free Site Assessment.
Tecogen, InVerde e+, Ilios, Tecochill, and Ultera are registered
or pending trademarks of Tecogen Inc.
About CloverLocated in Southern New England,
Clover Corporation has been a family owned and operated HVAC
equipment distributor since 1976. Cover was founded by Harry and
Eileen Cullinane to offer quality HVAC equipment to the Natural Gas
HVAC marketplace. Since then the company has become the
area’s foremost expert on Natural Gas cooling and Infra-red radiant
heating, specializing in offering the most efficient gas heating
and cooling equipment available today. Whether it’s a 95% efficient
residential gas furnace, a commercial gas/electric, an electric
heat pump rooftop, or a 400-ton natural gas engine driven chiller,
Clover prides itself on serving each customer’s specific
needs.http://clover-corporation.com/
Forward Looking Statements This press release
contains “forward-looking statements” which may describe
strategies, goals, outlooks or other non-historical matters, or
projected revenues, income, returns or other financial measures,
that may include words such as "believe," "expect," "anticipate,"
"intend," "plan," "estimate," "project," "target,"
"potential," "will," "should," "could," "likely," or "may" and
similar expressions intended to identify forward-looking
statements. These statements are only predictions and involve known
and unknown risks, uncertainties, and other factors that may cause
our actual results to differ materially from those expressed or
implied by such forward-looking statements. Given these
uncertainties, you should not place undue reliance on these
forward-looking statements. Forward-looking statements speak only
as of the date on which they are made, and we undertake no
obligation to update or revise any forward-looking statements.
In addition to those factors described in our Annual Report on
Form 10-K and our Quarterly Reports on Form 10-Q under “Risk
Factors”, among the factors that could cause actual results to
differ materially from past and projected future results are the
following: fluctuations in demand for our products and services,
competing technological developments, issues relating to research
and development, the availability of incentives, rebates, and tax
benefits relating to our products and services, changes in the
regulatory environment relating to our products and services,
integration of acquired business operations, and the ability to
obtain financing on favorable terms to fund existing operations and
anticipated growth.
Tecogen Media & Investor Relations Contact
Information: Benjamin Locke, CEOP: (781) 466-6402E:
Benjamin.Locke@Tecogen.com
John N. Hatsopoulos P: (781) 622-1120E:
John.Hatsopoulos@Tecogen.com
Tecogen (NASDAQ:TGEN)
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