Tecogen

Tecogen, Inc. engages in the design, manufacture, marketing, and maintenance of cogeneration and combined heat and power products. It operates through the Products and Services, and Energy Production segments. The Products and Services segment designs, manufactures, and retails industrial and commercial cogeneration systems. The Energy Production segment sells energy in the form of electricity, heat, hot water, and cooling to customers under long-term sales agreements. The company was founded by George N. Hatsopoulos and John N. Hatsopoulos in 1987 and is headquartered in Waltham, MA.

Earnings data Q4 2019

Earnings data Q1 2020

Earnings data Q2 2020

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Tecogen, Inc. engages in the production of commercial and industrial, natural-gas-fueled engine-driven, and combined heat and power (CHP) products. It operates through the Products, Services, and Energy Production segments. The Products segment designs, manufactures, and retails industrial and commercial cogeneration systems. The Services segment installs and maintains the cogeneration systems. The Energy Production segment sells energy in the form of electricity, heat, hot water, and cooling to customers under long-term sales agreements. The company was founded by George N. Hatsopoulos and John N. Hatsopoulos in 1987 and is headquartered in Waltham, MA.

WALTHAM, MA, April 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire --  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 two 75 kW cogeneration systems for installation in an extended care facility in Queens, New York. The units will provide savings by offsetting electricity purchased from the local electric utility while the free waste heat is used for domestic hot water.  The system will be installed by a third-party contractor with extensive experience installing Tecogen cogeneration systems.

Tecogen Sells Two 75 kW Cogeneration Systems for New York City Care Facility

WALTHAM, MA, April 01, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire --  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 e+ cogeneration system to a large residential building under construction in Brooklyn, New York.  The system will provide 125 kW of onsite power for the building with the cogenerated heat used for domestic hot water for residents.  Once the InVerde e+ cogeneration system is installed, it will be serviced from Tecogen's Brooklyn, NY service center.

Tecogen Sells InVerde Cogeneration System to New York Residential Building

WALTHAM, MA, March 24, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire --  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 a 200-ton Tecochill unit to a large high school in Western Connecticut.  The system replaces a Tecochill unit that has been running at the school for almost 30 years and includes a renewed maintenance contract that will be serviced out of Tecogen's Connecticut service center.

Tecogen Sells Chiller to Connecticut High School

WALTHAM, MA, March 17, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire --  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 three 400-ton Tecochill™ chillers integrated into a chiller system for use by an indoor cannabis cultivation facility in Massachusetts.  The chillers will be packaged integrated  into a modular packaged container that will be located outside the grow facility to maximize indoor space for plant growth. The sale brings the total number of Tecochill chillers sold to cannabis cultivation facilities in Massachusetts to 29. The chiller system will be serviced out of Tecogen's Waltham service headquarters.

Tecogen Announces Sale of 1,200 Ton Tecochill® Chiller System for Indoor Cultivation Facility

Tecogen's (TGEN) CEO Benjamin Locke on Q4 2020 Results - Earnings Call Transcript

WALTHAM, MA, Feb. 23, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire  --  Tecogen Inc.  (OTCQX: TGEN), a clean energy company providing ultra-efficient, clean on-site power, heating and cooling equipment, is pleased to announce that Robert Panora, President and Chief Operating Officer, will be presenting an update on the Ultera™ near-zero emissions forklift program as part of a Technology Series sponsored by the Propane Education & Research Council (PERC).  The presentation, entitled “LPG Near-Zero Emission System for Forklifts,” is scheduled for Thursday, February 25, 2021 at 2 p.m. EST.

Update: Tecogen Presents Ultera Emissions Development on Forklifts at Propane Event

WALTHAM, MA, Feb. 23, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire --  Tecogen Inc.  (OTCQX: TGEN), a clean energy company providing ultra-efficient, clean on-site power, heating and cooling equipment, is pleased to announce that Robert Panora, President and Chief Operating Officer, will be presenting an update on the Ultera™ near-zero emissions forklift program as part of a Technology Series sponsored by the Propane Education & Research Council (PERC).  The presentation, entitled “LPG Near-Zero Emission System for Forklifts,” is scheduled for Thursday, February 25, 2021 at 2 p.m. EST.

Tecogen Presents Ultera Emissions Development on Forklifts at Propane Event

WALTHAM, MA, Feb. 16, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Tecogen Inc. (OTCQX: TGEN) will release year-end 2020 financial results on Thursday, March 11, 2021. The earnings press release and supplemental earnings call slides will be available on the Company's website at www.Tecogen.com in the "Investor Relations" section under "Financial Results." Members of Tecogen's senior management will hold a conference call and webcast on the same day at 11:00 AM Eastern Time to discuss the Company's financial performance for 2020.

Tecogen Schedules Earnings Release and Conference Call for Year-End 2020 Results

WALTHAM, MA, Feb. 09, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire  --  Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient, clean, natural gas powered on-site power, heating and cooling equipment, is pleased to announce that it has obtained a Paycheck Protection Program Second Draw loan in the amount of $1,874,269 pursuant to the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), as amended.  The loan is guaranteed by the United States Small Business Administration.

Tecogen Obtains Paycheck Protection Program Second Draw Loan

WALTHAM, MA, Jan. 14, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire --  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 two 200-ton Tecochill chillers for a new cannabis cultivation facility located in Massachusetts.  The chillers will provide cooling for the facility using inexpensive natural gas, with the free waste heat utilized for dehumidification.  A maintenance contract is expected to be executed once the units are installed later this year and will be serviced out of Tecogen's Waltham factory service center.

Tecogen Receives Tecochill Order for Massachusetts Cultivation Facility

Tecogen Inc. (TGEN) CEO Benjamin Locke on Q3 2020 Results - Earnings Call Transcript

Tecogen Announces Third Quarter 2020 Results

WALTHAM, MA, Nov. 10, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient, clean, natural gas powered on-site power, heating and cooling equipment, is pleased to announce the execution of a License Agreement with Origin Engines Inc. relating to the use of Tecogen's Ultera® emissions reduction technology with engines they supply to a range of customers.  The agreement gives Origin Engines exclusive rights to incorporate Ultera on certain engines they sell to specified customers or into certain markets, including oil and gas, power generation, lift trucks, forestry, and distributed energy systems. Tecogen retains all other rights to the Ultera emissions reduction technology and the right to collaborate with and license the technology to others.  

Tecogen Licenses Origin Engines to Use Ultera® Emissions Reduction Technology

WALTHAM, MA, Oct. 22, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Tecogen Inc.  (OCTQX: TGEN), will release financial results for the third quarter of 2020 on Thursday, November 12, 2020. The earnings press release and supplemental earnings call slides will be available on the Company's website at  www.Tecogen.com  in the “Investor Relations” section under “ Financial Results .” Members of Tecogen's senior management will hold a conference call and webcast on the same day at 11:00 AM Eastern Time to discuss the company's third quarter and year-to-date Fiscal 2020 financial performance.

Tecogen Schedules Earnings Release and Conference Call for Third Quarter 2020 Results

WALTHAM, MA, Oct. 15, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire --  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 three 75 kW Tecopower systems to an Energy Services Company (ESCO). The units will be installed on behalf of a Housing Authority in Massachusetts.  The system replaces a competitor’s existing cogeneration system that was retired early. 

Tecogen Receives Order for Three Tecopower Systems for City Housing Authority

WALTHAM, MA, Oct. 08, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, is pleased to announce multiple sales of TecoChill® STx series chillers, including a 200 ton TecoChill for a school in Connecticut, and two 150 ton TecoChill units to a public works utility in Virginia.  These systems will provide a total of 500 tons of natural gas engine driven cooling and reduce electric demand by 300 kW using inexpensive natural gas instead of electricity.  By using the free heat recovery from the TecoChill systems, the aggregate greenhouse gas (GHG) reduction potential from the projects is estimated to be approximately 150 tons of CO2 per year.

Tecogen Announces Additional Sales of Eco-Friendly TecoChill® Systems

WALTHAM, MA, Oct. 06, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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 a TecoChill® CH-50 air-cooled chiller to a large residential facility in Connecticut.  The 50-ton chiller will replace an existing TecoChill 25-ton chiller to satisfy increased cooling load at the facility.  The air-cooled system provides chilled water without the need for a cooling tower and is installed outdoors for ambient air cooling of the condenser.  The project qualifies for a $300/ton incentive for grid congestion reduction at peak times and will be installed in time for the 2021 cooling season.  Tecogen will service the upgraded system from its East Windsor, Connecticut factory service center.

Tecogen Announces Order for TecoChill® Air-Cooled Chiller

WALTHAM, MA, Sept. 30, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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 a Tecofrost natural gas engine driven refrigeration compressor to a food processing facility in Connecticut.  The Tecofrost unit will be incorporated into an existing ammonia refrigeration system at the facility while simultaneously using free heat recovery for process hot water.  The Tecofrost compressor will reduce the facility’s energy costs and carbon footprint while providing added resilience to grid outages.

Tecogen Announces Order for Tecofrost Refrigeration Compressor

WALTHAM, MA, Sept.  24, 2020  (GLOBE NEWSWIRE) -- via  NewMediaWire  -- Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce that on September 15, 2020 the US Patent and Trademark Office issued two additional patents to Tecogen relating to its Ultera emissions reduction technology.   

Tecogen Announces Issuance of Two Additional US Patents Protecting Its Ultera Emissions Reduction Technology

WALTHAM, MA, Sept.  22, 2020  (GLOBE NEWSWIRE) --  via NewMediaWire --  Tecogen Inc.  (OCTQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, is pleased to announce the sale of two of its proprietary Ultera emissions reduction systems for use by the Eastern Municipal Water District (EMWD) at its facility in Winchester, California. The sale is the second phase of the project, following completion of the engineering for the larger Ultera system required for the 800-horsepower natural gas Caterpillar engines being procured for the project (see our  July 9, 2019 press release ). The pumps at the installation site were previously powered by engines that are being replaced by EMWD in part to ensure compliance with the highly stringent emissions requirements of the South Coast Air Quality Management District (SCAQMD).  SCAQMD has jurisdiction over air regulatory matters in large portions of Riverside, Los Angeles, Orange, and San Bernardino Counties. 

Tecogen Receives Order for Multiple Ultera Emission Reduction Systems for Municipal Water Pumping Installation in Southern California

WALTHAM, MA, Sept.  17, 2020  (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce an order for three InVerde e+ microgrid enabled cogeneration units for installation in a commercial building in Manhattan.  The system will be part of a trigeneration plant providing 375 kW to the building and 120 tons of absorption cooling, as well as providing backup power to the complex in the event of a grid outage. An Energy Services Company (ESCO) will acquire and own the system and will sell energy to the complex at a rate discounted from the existing electric utility under an energy services agreement with the complex. 

Tecogen Receives Order for Trigeneration Project in Manhattan

WALTHAM, MA, Sept.  15, 2020  (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- 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 e+ cogeneration system to a residential and commercial building located in Sarnia, Ontario.  The 125 kW system will reduce the building’s energy costs while providing black-start backup power during grid outages.  Once installation is completed in 2021, the system will be serviced from Tecogen’s service center in Toronto, Canada. 

Tecogen Announces Sale of InVerde e+ to Mixed Use Building in Ontario

Tecogen Inc (TGEN) CEO Benjamin Locke on Q2 2020 Results - Earnings Call Transcript

News for Tecogen Stock (TGEN)