{"id":469745,"date":"2021-04-01T09:03:31","date_gmt":"2021-04-01T13:03:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469745"},"modified":"2021-04-01T09:03:31","modified_gmt":"2021-04-01T13:03:31","slug":"tecogen-sells-inverde-cogeneration-system-to-new-york-residential-building","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tecogen-sells-inverde-cogeneration-system-to-new-york-residential-building\/","title":{"rendered":"Tecogen Sells InVerde Cogeneration System to New York Residential Building"},"content":{"rendered":"
\n

WALTHAM, MA, April 01, 2021 (GLOBE NEWSWIRE) — via NewMediaWire<\/a>\u00a0<\/u>—\u00a0Tecogen Inc.<\/u><\/a>\u00a0(OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce the sale of an InVerde e+ cogeneration system to a large residential building under construction in Brooklyn, New York.\u00a0 The system will provide 125 kW of onsite power for the building with the cogenerated heat used for domestic hot water for residents.\u00a0 Once the InVerde e+ cogeneration system is installed, it will be serviced from Tecogen\u2019s Brooklyn, NY service center. \u00a0<\/p>\n

\u201cEngineering our InVerde e+ into the building design is the most cost-effective way to incorporate the energy savings and resiliency of our system,\u201d noted Jeffrey Glick, Vice President of East Coast Sales.\u00a0 \u201cIn this case the building will be seeking a LEED Silver sustainability rating and Tecogen worked closely with the building\u2019s engineering team to maximize the energy savings and greenhouse gas (GHG) reductions from our cogeneration system \u2013 which are important factors in obtaining the LEED certification.\u201d\u00a0<\/p>\n

The InVerde e+ provides significant GHG reductions when compared to power obtained from the grid and hot water from a typical boiler. \u00a0It is expected that this building will reduce its GHG footprint in excess of 170 metric tons\/year, allowing the building to avoid substantial fines that may be assessed on buildings that fail to meet prescribed GHG reduction goals under New York City\u2019s Local Law 97 which requires GHG reductions of 25% by 2024 and 40% by 2030.\u00a0\u00a0<\/p>\n

\u00a0\u201cThe project developer and engineering team involved with this project previously installed a Tecogen cogeneration system in a similar residential building in New York that has been running as expected for over three years, resulting in an estimated GHG reduction of 400 metric tons in addition to significant energy cost savings,\u201d noted Benjamin Locke, Tecogen\u2019s CEO.\u00a0 \u201cOur InVerde cogeneration system offers buildings like these both tremendous economic and environmental benefits as well as the added benefit of resiliency to grid outages.\u201d<\/p>\n

\n About Tecogen
<\/b>
\n
\n Tecogen Inc.<\/u>
\n <\/a>\u00a0designs, manufactures, sells, installs and maintains high efficiency, ultra-clean, cogeneration products including combined heat and power, air conditioning systems and high-efficiency water heaters for residential, commercial, recreational and industrial use. The company provides cost efficient, environmentally friendly and reliable products for energy production that, through patented technology, nearly eliminate criteria pollutants and significantly reduce a customer\u2019s carbon footprint.\u00a0<\/p>\n

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 throughout North America. For more information, please visit\u00a0www.tecogen.com<\/u><\/a>\u00a0\u00a0or contact us for a free\u00a0Site Assessment<\/u><\/a>. \u00a0<\/p>\n

Tecogen, InVerde e+, Ilios, Tecochill, Tecofrost, Tecopower and Ultera are registered trademarks of Tecogen Inc.\u00a0<\/p>\n

\n Forward Looking Statements<\/b>\n <\/p>\n

This press release contains \u201cforward-looking statements\u201d 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,”\u00a0“estimate,” “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. 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.\u00a0<\/p>\n

In addition to the Risk Factors described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q under \u201cRisk Factors,\u201d factors that could cause our actual results to differ materially from past and projected future results include the impact of the coronavirus pandemic on demand for our products and services, the availability of incentives, rebates and tax benefits relating to our products, changes in the regulatory environment relating to our products, competing technological developments, and the availability of financing to fund our operations and growth.<\/p>\n

\n Tecogen Media & Investor Relations Contact Information:<\/b>\n <\/p>\n

Benjamin Locke, CEO<\/p>\n

P: (781) 466-6402<\/p>\n

E: Benjamin.Locke@Tecogen.com<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

WALTHAM, MA, April 01, 2021 (GLOBE NEWSWIRE) — via NewMediaWire\u00a0—\u00a0Tecogen Inc.\u00a0(OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce the sale of an InVerde e+ cogeneration system to a large residential building under construction in Brooklyn, New York.\u00a0 The system will provide 125 kW of onsite power for the building with the cogenerated heat used for domestic hot water for residents.\u00a0 Once the InVerde e+ cogeneration system is installed, it will be serviced from Tecogen\u2019s Brooklyn, NY service center. \u00a0 \u201cEngineering our InVerde e+ into the building design is the most cost-effective way to incorporate the energy savings and resiliency of our system,\u201d noted Jeffrey Glick, Vice President of … <\/p>\n

Continue reading “Tecogen Sells InVerde Cogeneration System to New York Residential Building”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-469745","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTecogen Sells InVerde Cogeneration System to New York Residential Building - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tecogen-sells-inverde-cogeneration-system-to-new-york-residential-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tecogen Sells InVerde Cogeneration System to New York Residential Building - 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