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Tecogen Receives Orders for 7 DTX Chillers for Las Vegas Convention Center

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Tecogen (OTCQX:TGEN) has received orders for seven 400-ton DTX chillers for the Las Vegas Convention Center. The chillers are part of a modernization project for the center's Central Cooling Plant. The natural gas chillers will help reduce expensive peak-time electricity charges during conventions when energy and cooling loads spike. The installation is scheduled for 2025 and includes a comprehensive 10-year service contract. Tecogen will establish a new service center in Las Vegas, which the company expects to catalyze additional projects in Nevada.

Tecogen (OTCQX:TGEN) ha ricevuto ordini per sette chiller DTX da 400 tonnellate per il Las Vegas Convention Center. I chiller fanno parte di un progetto di modernizzazione per l'impianto di raffreddamento centrale del centro. I chiller a gas naturale aiuteranno a ridurre i costosi addebiti per l'elettricità durante le ore di punta durante le convenzioni, quando l'energia e i carichi di raffreddamento aumentano. L'installazione è programmata per il 2025 e include un contratto di servizio completo di 10 anni. Tecogen stabilirà un nuovo centro di servizio a Las Vegas, che l'azienda prevede possa catalizzare ulteriori progetti in Nevada.

Tecogen (OTCQX:TGEN) ha recibido pedidos de siete chillers DTX de 400 toneladas para el Centro de Convenciones de Las Vegas. Los chillers son parte de un proyecto de modernización para la Planta Central de Refrigeración del centro. Los chillers de gas natural ayudarán a reducir los costosos cargos de electricidad en horas pico durante las convenciones, cuando la demanda de energía y refrigeración aumenta. La instalación está programada para 2025 e incluye un contrato integral de servicio por 10 años. Tecogen establecerá un nuevo centro de servicio en Las Vegas, que la empresa espera que impulse proyectos adicionales en Nevada.

Tecogen (OTCQX:TGEN)은 라스베가스 컨벤션 센터를 위해 400톤 DTX 냉각기 7대의 주문을 받았습니다. 이 냉각기는 센터의 중앙 냉각 플랜트 현대화 프로젝트의 일환입니다. 천연가스 냉각기는 에너지와 냉각 부하가 급증하는 회의 중 비싼 전력 요금을 줄이는 데 도움을 줄 것입니다. 설치는 2025년으로 예정되어 있으며, 10년 간의 종합 서비스 계약이 포함됩니다. Tecogen은 라스베가스에 새로운 서비스 센터를 설립하여 추가적인 프로젝트가 네바다에서 진행될 것으로 기대하고 있습니다.

Tecogen (OTCQX:TGEN) a reçu des commandes pour sept refroidisseurs DTX de 400 tonnes pour le Centre des conventions de Las Vegas. Les refroidisseurs font partie d'un projet de modernisation de l'usine de refroidissement centrale du centre. Les refroidisseurs à gaz naturel aideront à réduire les coûts élevés de l'électricité aux heures de pointe pendant les conventions, lorsque la demande énergétique et de refroidissement augmente. L'installation est prévue pour 2025 et comprend un contrat de service complet de 10 ans. Tecogen établira un nouveau centre de service à Las Vegas, ce que la société s'attend à catalyser pour des projets supplémentaires au Nevada.

Tecogen (OTCQX:TGEN) hat Bestellungen für sieben 400-Tonnen-DTX-Kühler für das Las Vegas Convention Center erhalten. Die Kühler sind Teil eines Modernisierungsprojekts für das zentrale Kühlwerk des Zentrums. Die Erdgas-Kühler werden helfen, teure Spitzenstromkosten während der Konferenzen zu senken, wenn der Energie- und Kühlbedarf steigt. Die Installation ist für 2025 geplant und umfasst einen umfassenden 10-Jahres-Servicevertrag. Tecogen wird ein neues Servicezentrum in Las Vegas einrichten, von dem das Unternehmen erwartet, dass es zusätzliche Projekte in Nevada anstoßen wird.

Positive
  • Secured major order for seven 400-ton DTX chillers
  • Obtained 10-year service contract with Las Vegas Convention Center
  • Expanding geographical presence with new service center in Las Vegas
  • Strategic entry into Nevada market with potential for additional projects
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 seven 400-ton DTX chillers for the iconic Las Vegas Convention Center. These chillers are part of a project to modernize the convention center's Central Cooling Plant with newer, more efficient chillers, pumps, and other equipment.

"The convention center plans to use our natural gas chillers to reduce expensive peak-time electricity charges. When conventions are held, the energy and cooling loads spike. As utilities across the country face power shortages, these peak-time charges are becoming punitive. By switching to natural gas cooling during peak times, the convention center can better control its energy bills," said Jeffrey Glick, Tecogen's VP of Sales.

"We look forward to these chillers being installed at the Las Vegas Convention Center in 2025. The chillers were purchased with a comprehensive 10-year service contract, so we will be establishing a new service center in Las Vegas. We believe this service center will be a catalyst for additional projects in Nevada," said 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 DTX chillers did Tecogen (TGEN) sell to Las Vegas Convention Center?

Tecogen (TGEN) received orders for seven 400-ton DTX chillers for the Las Vegas Convention Center.

When will Tecogen (TGEN) install the chillers at Las Vegas Convention Center?

The DTX chillers are scheduled to be installed at the Las Vegas Convention Center in 2025.

What is the duration of Tecogen's (TGEN) service contract for the Las Vegas Convention Center project?

Tecogen secured a comprehensive 10-year service contract for the Las Vegas Convention Center chiller project.

Why is Las Vegas Convention Center installing Tecogen's (TGEN) natural gas chillers?

The Convention Center is installing Tecogen's natural gas chillers to reduce expensive peak-time electricity charges during conventions when energy and cooling loads spike.

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