Tecogen Sells Chillers to Gas Natural Fenosa
Demonstrates strong traction in growing Mexican market
WALTHAM, Mass., Oct. 6, 2016 /PRNewswire/ -- Tecogen® Inc. (NASDAQ: TGEN), provider of clean energy products which, through patented technology, nearly eliminate criteria pollutants and significantly reduce a customer's carbon footprint, today announced the sale of two (2) Tecochill RT Series 50-ton air-cooled chillers to Gas Natural Fenosa, Mexico.
Headquartered in Barcelona, Spain, Gas Natural supplies natural gas and electricity to more than 23 million customers across Spain, Europe, Mexico, Colombia, Argentina, Puerto Rico, Moldova and Morocco. The Tecochill chillers will cool Gas Natural Fenosa's Mexico City corporate offices and were sold through Tecogen's representative, HVAC Ambiental, S. de R.L. de C.V.
Speaking about the sale, Arturo Cantu, General Manager of HVAC Ambiental noted, "Gas Natural Fenosa has a strong commitment to innovation as a means of generating a reliable and sustainable energy supply. The selection of Tecochill chillers for their office space is an excellent solution that will both save money while also aligning with their corporate mission. Our chillers are being installed as part of a major building renovation that includes a green roof as well as other energy saving features." Slated for rooftop installation, the air-cooled Tecochill chillers were a natural choice for the building as water supply is limited in the area and a cooling tower would interfere with the planned green roof.
"Mexico is developing as an excellent market for our chillers," said Benjamin Locke, Tecogen's Co-Chief Executive Officer. "Switching to natural gas-powered cooling produces a substantial reduction in a customer's electric bills, while also offering cooling that is both affordable and reliable. This switch to natural gas also frees electrical capacity in the building that can be re-dedicated to other useful purposes – often allowing the customer to avoid costly infrastructure upgrades."
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 or trademarks pending registration of Tecogen Inc.
Forward Looking Statements
This press release may contain 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
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SOURCE Tecogen Inc.
Released October 6, 2016