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Tecogen Receives Orders for 12 Cogeneration Systems

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Tecogen (OTCQX:TGEN) has secured orders for twelve cogeneration systems for multiple buildings in the Northeast through their project developer relationships. The announcement comes amid rising power prices nationwide due to insufficient electrical capacity, with consumers facing year-on-year energy bill increases of 10% or more. CEO Abinand Rangesh highlighted cogeneration as an effective solution for reducing both energy expenses and greenhouse gas footprint.

Tecogen (OTCQX:TGEN) ha ricevuto ordini per dodici sistemi di cogenerazione per diversi edifici nel Northeast grazie alle loro relazioni con i sviluppatori di progetti. L'annuncio arriva in un contesto di aumento dei prezzi dell'energia a livello nazionale a causa di una capacità elettrica insufficiente, con i consumatori che affrontano aumenti delle bollette energetiche anno su anno del 10% o più. Il CEO Abinand Rangesh ha sottolineato la cogenerazione come una soluzione efficace per ridurre sia le spese energetiche che l'impatto delle emissioni di gas serra.

Tecogen (OTCQX:TGEN) ha asegurado pedidos para doce sistemas de cogeneración para múltiples edificios en el Nordeste a través de sus relaciones con desarrolladores de proyectos. El anuncio se da en medio de un aumento de precios de la energía a nivel nacional debido a una capacidad eléctrica insuficiente, con los consumidores enfrentando incrementos en las facturas de energía del 10% o más año tras año. El CEO Abinand Rangesh destacó la cogeneración como una solución eficaz para reducir tanto los gastos energéticos como la huella de gases de efecto invernadero.

Tecogen (OTCQX:TGEN)은 프로젝트 개발자 관계를 통해 북동부의 여러 건물에 12개의 열병합 발전 시스템에 대한 주문을 확보했습니다. 이 발표는 전기 용량 부족으로 인한 전국적인 전력 요금 상승 속에서 이루어졌으며, 소비자들은 연간 10% 이상의 에너지 요금 인상에 직면하고 있습니다. CEO Abinand Rangesh는 에너지 비용과 온실가스 발자국을 모두 줄이는 효과적인 해결책으로 열병합 발전을 강조했습니다.

Tecogen (OTCQX:TGEN) a obtenu des commandes pour douze systèmes de cogénération pour plusieurs bâtiments dans le Nord-Est grâce à leurs relations avec des développeurs de projets. L'annonce intervient dans un contexte de hausse des prix de l'énergie à l'échelle nationale, en raison d'une capacité électrique insuffisante, les consommateurs faisant face à des augmentations de leurs factures d'énergie de 10 % ou plus d'une année sur l'autre. Le PDG Abinand Rangesh a souligné la cogénération comme une solution efficace pour réduire à la fois les dépenses énergétiques et l'empreinte carbone.

Tecogen (OTCQX:TGEN) hat Bestellungen für zwölf Kraft-Wärme-Kopplungsanlagen für mehrere Gebäude im Nordosten über ihre Beziehungen zu Projektentwicklern gesichert. Die Ankündigung erfolgt vor dem Hintergrund steigender Energiepreise im ganzen Land aufgrund unzureichender elektrischer Kapazität, wobei die Verbraucher jährlich mit Energiepreiserhöhungen von 10% oder mehr konfrontiert sind. CEO Abinand Rangesh hob die Kraft-Wärme-Kopplung als effektive Lösung zur Reduzierung sowohl der Energiekosten als auch des ökologischen Fußabdrucks von Treibhausgasen hervor.

Positive
  • Secured orders for 12 new cogeneration systems in the Northeast
  • Strategic timing with rising power prices and 10%+ year-on-year energy bill increases
Negative
  • None.

BILLERICA, MA / ACCESSWIRE / November 25, 2024 / Tecogen Inc. (OTCQX:TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce orders for twelve cogeneration systems for multiple buildings in the Northeast. These orders were generated through Tecogen's project developer relationships.

"Power prices are rising sharply nationwide because of insufficient electrical capacity. Consumers in many regions can expect year-on-year energy bill increases of 10% or more. Cogeneration continues to be one of the best ways to reduce energy expenses and greenhouse gas footprint simultaneously. We hope to see more projects close before year end." commented Abinand Rangesh, Tecogen's CEO.

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.

About Tecogen

Tecogen Inc. designs, manufactures, sells, installs, and maintains high efficiency, ultra-clean, cogeneration products including combined heat and power, 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. Aggregate run-hours on Tecogen's cogeneration systems exceed 6 million hours. For more information, please visit www.tecogen.com or contact us for a free Site Assessment.

Tecogen, InVerde e+, Ilios, Tecochill, Tecofrost, Tecopack, Tecopower, and Ultera are registered trademarks of Tecogen Inc.

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 accesswire.com

FAQ

How many cogeneration systems did Tecogen (TGEN) order in November 2024?

Tecogen received orders for twelve cogeneration systems for multiple buildings in the Northeast in November 2024.

What is the expected energy bill increase mentioned in Tecogen's (TGEN) November 2024 announcement?

According to the announcement, consumers in many regions can expect year-on-year energy bill increases of 10% or more.

Where will Tecogen (TGEN) install the new cogeneration systems ordered in November 2024?

The cogeneration systems will be installed in multiple buildings in the Northeast region.

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