Tecogen to Launch Smart Hybrid-Drive Air-Cooled Chiller at AHR 2023
January 24 2023 - 8:40AM
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
launch of its smart Tecochill Hybrid-Drive Air-Cooled chiller (the
“Hybrid-Drive”) at AHR 2023, the largest HVAC tradeshow in North
America. The Hybrid-Drive chiller seamlessly combines two power
sources, economical natural gas and electric power from the grid,
offering customers up to 50% lower operating costs compared to
alternative chillers, as well as dual-power-source
resiliency. When the Hybrid-Drive is powered by the chiller’s
integral natural gas engine, it produces chilled water for
air-conditioning plus free engine heat that is recovered to produce
usable hot water. Competing solutions are less efficient, have a
higher greenhouse gas footprint, have a higher energy operating
cost, and require a separate boiler to produce hot water.
The Hybrid-Drive can track inputs from the
electric power grid to enable customers to optimize economic
savings and/or greenhouse gas reductions. Marginal grid power
generation in the United States is currently predominantly fossil
fuel-based, particularly during peak demand periods, so customers
able to utilize both the chilled water and hot water generated by
the chiller will benefit from both the lowest operating cost and
the lowest greenhouse gas footprint. The Hybrid-Drive can maximize
greenhouse gas reductions by using power from the electric grid
when the grid incrementally is powered by renewable energy and can
switch to engine power when the grid is generating higher
greenhouse gas emissions. In addition, when grid power is more
expensive during periods of high demand, the Hybrid-Drive can
switch to operating on engine power, and then switch back to
operating on the grid if prices become lower, enabling customers to
optimize operations as electric grid costs and greenhouse gas
emissions fluctuate.
The Hybrid-Drive can also rely on engine power in
the event of grid power outages, providing cooling for critical
process applications when the electric grid is unavailable. The
Hybrid-Drive is expected to be an excellent fit for applications
such as controlled environment agriculture (CEA), healthcare,
education, chiller rental, and industrial process cooling.
Investments in the Hybrid-Drive chiller may also allow customers to
benefit from a 40% federal Investment Tax Credit.
“We are excited to launch our Hybrid-Drive chiller
next month which will expand our Tecochill product offering and
open up a larger market segment for our chillers, which already
deliver significant economic and environmental benefits for
customers. We look forward to meeting potential customers and
developers at AHR 2023 in Atlanta,” said Benjamin Locke, CEO of
Tecogen.
For more information, please visit
our Hybrid-Drive products page on the Tecogen website.
About TecogenTecogen Inc. designs,
manufactures, installs, and maintains high efficiency and
ultra-clean cogeneration products, including combined heat and
power systems, 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 3,150 units, supported by an established network of
engineering, sales, and service personnel throughout North America.
Aggregate run hours on Tecogen’s InVerde cogeneration systems
exceeds 5 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.
Forward Looking StatementsThis 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 the coronavirus pandemic on demand for our products
and services, the availability of incentives, rebates and tax
benefits relating to our products, changes in the regulatory
environment relating to our products, competing technological
developments, and the availability of financing to fund our
operations and growth.
Tecogen Media & Investor Relations Contact
Information:Benjamin Locke, CEOP: (781) 466-6402E:
Benjamin.Locke@Tecogen.com
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