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Tecogen (TGEN) Expands Footprint in Health Care with $1.6M Deal

Tecogen, Inc. (NASDAQ: TGEN), provider of clean energy advanced modular heat and power (CHP) systems, has announced the sale of three InVerde e+ 100kW CHP units, worth over $1.6 million, to a medical center in Brooklyn, NY. The contract will give the medical facility a combined 300kW heat and power system together with Tecogen’s patented near-zero Ultera emissions control technology and full turnkey installation service. The three state-of-the-art InVerde e+ cogeneration units, to be housed outside the hospital, will provide power to the nearly 300-bed facility, as well as the associated community care clinic.

Announcing the deal, Tecogen co-Chief Executive Officer Benjamin Locke commented:

“The capabilities of the InVerde e+ are especially well suited to the health care segment, especially those facilities focused on emergency standby power and cost control initiatives. For hospital managers concerned about cutting operating expense while enhancing patient safety and quality of care, the InVerde e+ offers a robust and affordable solution.”

The InVerde e+ was launched in spring 2016 and offers on-site power generation as well as efficient heating and cooling capabilities. The system saves energy by recovering free waste heat from the electric generator and using it for air-conditioning units and/or to provide heating and hot water. The InVerde e+ can cut a building’s energy bills in half and the average InVerde e+ saves a user between $50,000 and $100,000 annually on utility costs.

The InVerde e+ meets the National Fire Protection Association’s specifications, as it provides the rapid 10-second black-start required of Emergency Power Supply Systems. This enhances building resiliency and gives hospital managers peace of mind that their patients will never be left in the dark. A black-start is a bootstrapping operation to get back up and running performed by a generator or power system without relying on power from the grid.

Tecogen, Inc. designs, manufactures and sells industrial and commercial cogeneration systems that produce combinations of electricity, hot water and air conditioning. Tecogen systems employ automotive engines that have been specially adapted to run on natural gas. Cogeneration systems are efficient, because, in addition to supplying mechanical energy to power electric generators or compressors – displacing utility supplied electricity – they provide opportunity for the facility to incorporate the engine’s waste heat into onsite processes such as space and portable water heating and significantly reduce a customer’s carbon footprint.

The company produces standardized, modular, small-scale products, with a limited number of product configurations that are adaptable to multiple applications. These combined heat and power products are manufactured as electricity plus heat (CHP) or mechanical power plus heat (MCHP) systems and are marketed either ‘as is’ or with Tecogen engineering and installation services, referred to as ‘turnkey’ projects.

For more information, please visit www.tecogen.com

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