Tecogen Sells Combined Heat and Power (CHP) Systems to New Jersey School District
Jun 18, 2015, 09:00 ET
WALTHAM, Mass., June 18, 2015 /PRNewswire/ -- Tecogen® Inc. (NASDAQ: TGEN) today announced the sale of two CM-75 combined heat and power (CHP) modules to a school district in New Jersey located approximately 35 miles from New York City. One unit will be installed at the borough's high school and the other at the middle school. The CHP systems will provide electrical power for the two schools and supplement various onsite heating systems, resulting in a significant cost savings to the borough as well as reduced carbon footprint.
The CHP systems are part of a larger energy project being conducted by the local office of multi-national energy services company (ESCO) involving the five schools in the district, with the remaining three serving elementary-level students. The systems were purchased separately by two subcontractors and included accessories that reduce installation labor and cost. These accessories, which represent 40% of the total purchase order value, are factory assembled controllers and skid-mounted plumbing assemblies that interface to each building heating system.
Both systems, including the engineered accessories, are expected to be serviced under a long-term contract with Tecogen's Piscataway, NJ service center as required for eligibility for the state CHP grant. This is the third school district in the area whereby Tecogen systems were procured through this local ESCO office.
"We are very gratified when we have repeat orders from the same ESCO office in such a significant market segment," said Robert Panora, President and COO of Tecogen. "Successful project outcomes lead to other opportunities with neighboring offices in this and other vertical markets they serve. Also, the procurement of factory preassembled plumbing skids and specialized controllers with the modules is a growing trend. Customers value these engineered accessories from the factory as they can have high confidence that the components will be correctly specified and constructed, saving time and expensive field labor. In the past year, about half of our module sales included these factory built accessories."
Tecogen manufactures, installs, and maintains high efficiency, ultra-clean combined heat and power products including natural gas engine-driven cogeneration, air conditioning systems, and high-efficiency water heaters for residential, commercial, recreational and industrial use. The company is known for cost efficient, environmentally friendly and reliable products for energy production that, through patented technology, nearly eliminate criteria pollutants and significantly reduce a building's carbon footprint.
In business for over 20 years, Tecogen has shipped more than 2,000 units, supported by an established network of engineering, sales, and service personnel across the United States. For more information, please visit www.tecogen.com.
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SOURCE Tecogen Inc.
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