Tecogen Wins Multi-Unit Order for Long Island Schools
Total Contract Value Approximately $2 Million
WALTHAM, Mass., April 4, 2016 /PRNewswire/ -- Tecogen® Inc. (NASDAQ: TGEN) is pleased to announce the sale of multiple units totaling a combined 900 kW to a school district in Long Island, NY. The result of careful Tecogen engineering work announced last summer (press release here: http://investors.tecogen.com/2015-07-16-Tecogen-Receives-Contract-to-Engineer-Six-Combined-Heat-and-Power-CHP-Systems-for-NY-School-District), the order, with total contract value of approximately $2 million, includes both InVerde 100 kW and CM-75 kW combined heat and power (CHP) units as well as load modules, factory engineered accessories, and long-term service agreements.
Speaking about the order Benjamin Locke, Tecogen's co-CEO, noted, "This large order was the result of careful and tireless work by our engineering and turnkey installation team. That a large multi-national energy services company (ESCO) saw the value in selecting Tecogen as a project partner is a real testament to the unique features of our ultra-efficient clean energy equipment and the quality of our expert team of personnel."
The CHP systems are sized for the energy requirements of each individual school by grouping modules to maximize efficiency and savings, utilizing Tecogen's exclusive microgrid control technology. The smallest two systems, both to be installed in district middle schools, will utilize a single CHP unit while the largest, a high school, will use five units. On a combined basis the 900 kW system will cut carbon emissions by 2,086 tons per year, equivalent to saving 86,925 trees or removing 398 cars from the road annually.
The energy efficient cogeneration equipment will be fitted with Tecogen's patented Ultera emissions control technology, bringing the emission of harmful criteria pollutants (NOx and CO) to near-zero levels. "Any equipment operating near children or other sensitive environments should be as clean as possible. Compliant with the strictest air quality standards in the world, our Ultera emissions control system ensures our ultra-efficient cogeneration technology is also ultra-clean, a feature unmatched by other engine-driven equipment on the market today," added Robert Panora, Tecogen's President and COO.
The contract was awarded by a construction firm under subcontract with the ESCO which is providing a broader range of efficiency services to the district. The systems have been engineered to include Tecogen factory controllers and skid-mounted plumbing assemblies that interface to each school's building infrastructure.
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 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 or contact us for a free Site Assessment.
Tecogen, InVerde, Ilios, Tecochill, Ultera, and e+, are registered trademarks of Tecogen Inc.
Tecogen Media & Investor Relations Contact Information:
Ariel F. Babcock, CFA
John N. Hatsopoulos
P: (781) 466-6413
P: (781) 622-1120
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tecogen-wins-multi-unit-order-for-long-island-schools-300245144.html
SOURCE Tecogen Inc.
Released April 4, 2016