Tecogen Inc - TGEN stock
OTC Symbol: TGEN | OTC Tier: OTCQX U.S.
About[edit]
Tecogen Inc. is a manufacturer, installer, and maintainer of ultra-clean cogeneration products for various applications in the United States and globally, operating through three segments: Products, Services, and Energy Production. The Products segment focuses on designing, manufacturing, and selling industrial and commercial cogeneration systems, while the Services segment provides operations and maintenance services and turn-key installation for products under long term service contracts. The Energy Production segment sells energy in the form of electricity, heat, hot water, and cooling to customers under long-term energy sales agreements. The company also offers a range of natural gas-powered cogeneration systems, chillers, heat pumps, and emissions control technology for water and space heating, air conditioning, and refrigeration. Tecogen serves diverse industries, including healthcare, recreation, housing and hospitality, education and government, industrial and commercial, and indoor growing applications, with a network of field service centers across multiple regions. Tecogen Inc. was established in 2000 and is headquartered in Waltham, Massachusetts.[1]
History[edit]
Tecogen Inc. was founded in 2000 and has its origins in Waltham, Massachusetts, USA. The company was established with the primary focus of developing, manufacturing, and deploying innovative and energy-efficient cogeneration products.[2]
Cogeneration, also known as combined heat and power (CHP), is a process that simultaneously produces electricity and useful heat from a single energy source. Tecogen specializes in manufacturing ultra-clean cogeneration systems that provide electricity and thermal energy (hot water, steam, or chilled water) for various applications.[3]
Over the years, Tecogen has expanded its product portfolio to include natural gas-powered cogeneration systems, chillers, heat pumps, and emissions control technology. These products cater to a wide range of industries, including residential, commercial, recreational, and industrial sectors, serving applications such as heating, air conditioning, refrigeration, and electricity generation.[3]
Tecogen's innovative and energy-efficient solutions have gained recognition and adoption in the market, making it a prominent player in the cogeneration and clean energy technology industry. The company's commitment to sustainability and environmental stewardship has contributed to its growth and success over time.[3]
Tecochill Sales Revenue[edit]
Tecogen has disclosed a sale of 600 tons of Tecochill and 500KW of Cogeneration equipment for a CEA (Controlled Environment Agriculture) application. This collaboration involves Accelerated Growth Solutions (AGS), known for its proficiency in offering HVAC and cogeneration design solutions for numerous cannabis facilities.[4]
- ↑ Yahoo Finance. TGEN Stock Profile. Retrieved on 8/14/2023.
- ↑ DNB.com. Techogen Inc. Retrieved 8/20/2023.
- ↑ 3.0 3.1 3.2 Techogen.com. About - History. Retrieved on 8/20/2023.
- ↑ Globe Newswire. Tecogen Announces Order for Chillers and Cogeneration Equipment Through New Sales Relationship with Accelerated Growth Solutions. August 1, 2023.
