Tecogen Receives InVerde Order from Data Center in CT
Tecogen Inc. (OTCQX:TGEN) has announced the sale of an InVerde unit to a cloud storage data center in Connecticut. The data center selected Tecogen's solution after evaluating various alternatives including fuel cells and microturbines, primarily due to its superior return on investment (ROI).
The decision was driven by the need to control operating expenses amid rising utility rates. CEO Abinand Rangesh highlighted this sale as validation of their product's value proposition for data centers, expressing confidence in future adoption by both existing and new facilities facing electrical capacity constraints and increasing energy costs.
Tecogen Inc. (OTCQX:TGEN) ha annunciato la vendita di un unità InVerde a un centro dati di cloud storage nel Connecticut. Il centro dati ha scelto la soluzione di Tecogen dopo aver valutato varie alternative, tra cui celle a combustibile e microturbine, principalmente a causa del suo superiore ritorno sull'investimento (ROI).
La decisione è stata guidata dalla necessità di controllare le spese operative in un contesto di aumento delle tariffe energetiche. Il CEO Abinand Rangesh ha sottolineato questa vendita come una convalida della proposta di valore del loro prodotto per i centri dati, esprimendo fiducia nell'adozione futura da parte di strutture esistenti e nuove che affrontano vincoli di capacità elettrica e costi energetici in aumento.
Tecogen Inc. (OTCQX:TGEN) ha anunciado la venta de una unidad InVerde a un centro de datos de almacenamiento en la nube en Connecticut. El centro de datos eligió la solución de Tecogen después de evaluar varias alternativas, incluidas las pilas de combustible y las microturbinas, principalmente debido a su superior retorno de inversión (ROI).
La decisión fue impulsada por la necesidad de controlar los gastos operativos en medio del aumento de las tarifas de servicios públicos. El CEO Abinand Rangesh destacó esta venta como una validación de la propuesta de valor de su producto para los centros de datos, expresando confianza en la adopción futura tanto por parte de instalaciones existentes como nuevas que enfrentan restricciones de capacidad eléctrica y aumento de costos energéticos.
Tecogen Inc. (OTCQX:TGEN)는 코네티컷의 클라우드 스토리지 데이터 센터에 InVerde 유닛을 판매했다고 발표했습니다. 데이터 센터는 연료 전지와 마이크로 터빈을 포함한 다양한 대안을 평가한 후 Tecogen의 솔루션을 선택했습니다. 주로 뛰어난 투자 수익률(ROI) 때문입니다.
이 결정은 증가하는 공공 요금 속에서 운영 비용을 통제할 필요성에 의해 촉발되었습니다. CEO Abinand Rangesh는 이 판매를 데이터 센터를 위한 제품의 가치 제안에 대한 검증으로 강조하며, 전기 용량 제약과 증가하는 에너지 비용에 직면한 기존 및 신규 시설의 향후 채택에 대한 자신감을 표명했습니다.
Tecogen Inc. (OTCQX:TGEN) a annoncé la vente d'une unité InVerde à un centre de données de stockage dans le cloud dans le Connecticut. Le centre de données a choisi la solution de Tecogen après avoir évalué diverses alternatives, y compris des piles à hydrogène et des microturbines, principalement en raison de son rendement supérieur sur investissement (ROI).
La décision a été motivée par le besoin de contrôler les dépenses d'exploitation dans un contexte de hausse des tarifs publics. Le PDG Abinand Rangesh a souligné cette vente comme une validation de la proposition de valeur de leur produit pour les centres de données, exprimant sa confiance dans l'adoption future par les installations existantes et nouvelles confrontées à des contraintes de capacité électrique et à des coûts énergétiques croissants.
Tecogen Inc. (OTCQX:TGEN) hat den Verkauf einer InVerde-Einheit an ein Cloud-Speicher-Datenzentrum in Connecticut bekannt gegeben. Das Datenzentrum wählte die Lösung von Tecogen, nachdem es verschiedene Alternativen, einschließlich Brennstoffzellen und Mikroturbinen, bewertet hatte, hauptsächlich aufgrund der überlegenen Rendite (ROI).
Die Entscheidung wurde durch die Notwendigkeit, die Betriebskosten angesichts steigender Strompreise zu kontrollieren, vorangetrieben. CEO Abinand Rangesh hob diesen Verkauf als Bestätigung des Wertangebots ihres Produkts für Datenzentren hervor und äußerte Vertrauen in die zukünftige Akzeptanz sowohl durch bestehende als auch neue Einrichtungen, die mit elektrischen Kapazitätsengpässen und steigenden Energiekosten konfrontiert sind.
- Secured new sale of InVerde unit to data center customer
- Product demonstrated superior ROI compared to competing solutions
- Expanding presence in growing data center market
- None.
BILLERICA, MA / ACCESS Newswire / March 17, 2025 / Tecogen Inc. (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 unit to a cloud storage data center in CT. Electricity costs are a significant expense for a data center. Faced with increasing utility rates, this customer chose to take control of their operating expenses using on-site generation. After considering other solutions including fuel cells, and microturbines, the customer chose the InVerde because of its ROI.
"We are pleased that this data center chose our InVerde after comparing it against competing options." said Abinand Rangesh, Chief Executive Officer at Tecogen. "This sale is another proof point that our products offer tremendous value to data centers. We expect many more existing and new data centers to adopt our solutions to combat a lack of electrical capacity and soaring energy costs."
About Tecogen
Tecogen Inc. designs, manufactures, installs, and maintains high efficiency and ultra-clean cogeneration products including combined heat and power systems, air conditioning systems, and high-efficiency water heaters for residential, commercial, recreational, and industrial applications. The company's cost efficient, reliable, and environmentally friendly products for energy production nearly eliminate criteria pollutants and significantly reduce customers' carbon footprint. In business for over 35 years, Tecogen has shipped more than 3,200 units, supported by an established network of engineering, sales, and service personnel in key markets in North America. For more information, please visit www.tecogen.com or contact us for a free Site Assessment.
Forward Looking Statements
This press release contains "forward-looking statements" 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," "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.
In addition to the Risk Factors described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q under "Risk Factors," factors that could cause our actual results to differ materially from past and projected future results include the impact of renewable energy biases on demand for our products, the availability of incentives, rebates and tax benefits relating to our products, changes in the regulatory environment, competing technological developments, and the availability of financing to fund our operations and growth.
Tecogen Media & Investor Relations Contact Information:
Abinand Rangesh, CEO
P: (781) 466-6487
E: Abinand.rangesh@Tecogen.com
SOURCE: Tecogen, Inc.
View the original press release on ACCESS Newswire
FAQ
What is the significance of Tecogen's InVerde unit sale to the Connecticut data center?
How does the InVerde unit help address the data center's operational challenges?
What competitive advantages led to the selection of Tecogen's InVerde for the CT data center?
What market opportunities does this sale indicate for Tecogen (TGEN) in the data center sector?
