Skip to main content

Market Overview

CHP Sold Units to Philadelphia Luxury High-Rise

Share:

Tecogen® Inc. (NASDAQ: TGEN) is pleased to announce the sale of three CM-75 combined heat and power (CHP) modules to a luxury multi-unit residential high rise near Rittenhouse Square Park in Philadelphia PA. Fitted with Tecogen's patented Ultera™ ultra-clean emissions control system, the units will provide electricity and heating to the building while producing near-zero levels of harmful criteria pollutants (NOx and CO) and significantly reducing the carbon footprint of the building.

Tecogen Inc. logo.
"Although Philadelphia does have some incentives for CHP, sales into this market really have to stand on their own merits," said Robert Panora, Tecogen President and Chief Operating Officer. "This sale demonstrates that our customers understand the full value proposition and attractive return on investment offered by Tecogen's clean energy solutions." Powering the 26-floor tower's residences, fitness center, and commercial spaces, the microgrid will generate electricity and hot water for the building at less than half the cost and carbon output of traditional technologies.

The sale also includes certain load modules and various Tecogen engineered accessories, helping ensure a smooth installation process for the customer. In addition to the equipment and installation accessories, the customer selected a full long term maintenance service agreement. "Service contracts ensure peak performance and operational efficiency throughout the life of the equipment and provide hassle-free long term peace of mind for customers," Mr. Panora added.

 

Related Articles (TGEN)

View Comments and Join the Discussion!

Posted-In: M&A News Press Releases

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com