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Tecogen Inc. (OTCQX: TGEN) is a pioneering manufacturer of combined heat and power (CHP) products, including natural gas engine-driven cogeneration systems, air conditioning systems, and high-efficiency water heaters designed for industrial and commercial use. Based in Waltham, MA, Tecogen specializes in providing innovative solutions that generate electric power, cooling, or hot water while efficiently recycling thermal energy from engines to reduce both energy costs and greenhouse gas emissions.
With an installed base of over 2,000 units, Tecogen boasts a robust network of engineering, sales, and service personnel spread across the United States, ensuring comprehensive support and maintenance services. The company's product lineup includes the celebrated InVerde units, Tecopower Cogeneration systems, Hybrid Air-Cooled Chillers, and more, each designed to provide maximum energy savings and environmental benefits.
Recent achievements underscore Tecogen's growth and commitment to innovation. For instance, the company recently announced orders for multiple Hybrid Air-Cooled Chillers and InVerde units for a utility customer in Florida, as well as 12 Tecopower Cogeneration units for multiple smaller projects. These accomplishments reflect Tecogen’s ability to attract repeat business and its reputation for delivering reliable, high-efficiency energy solutions.
In the most recent fiscal year, Tecogen reported total revenues of $25.1 million and showed significant progress in reducing its adjusted EBITDA loss. The company is focused on increasing its recurring cash flow from energy and services, which would cover fixed costs while securing profitable large-dollar projects. Tecogen's strategic initiatives include expanding its service agreements, recently acquiring contracts for an additional 83 cogeneration units, and expanding its service offerings in Canada, which is expected to bring substantial additional revenue.
Founded over 35 years ago, Tecogen continues to lead the way in providing environmentally friendly and cost-effective energy production solutions. The company’s products nearly eliminate criteria pollutants and significantly reduce customers' carbon footprints. Tecogen's commitment to sustainability and innovation ensures it remains a significant player in the clean energy sector.
For more information, visit Tecogen's website or contact them for a free site assessment.
Tecogen Inc. (OTCQX: TGEN) has announced the release date for its Q1 2023 financial results, scheduled for May 11, 2023. The results will be accessible on the company's website in the Investor Relations section. Following the release, a conference call led by Tecogen's senior management will take place at 9:30 AM Eastern Time to discuss the financial performance. Investors can participate via telephone or webcast, with recording options available post-call for playback. Tecogen has a history of over 35 years in the energy sector, specializing in high-efficiency cogeneration products that significantly reduce environmental impact.
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