Tecogen Signs Turnkey Contract for 2 InVerde Ultra Combined Heat & Power (CHP) Systems

Source: www.gulfoilandgas.com 3/24/2015, Location: North America

Tecogen® Inc. announced the signing of a turnkey installation contract for two InVerde® Ultra, INV-100, combined heat and power (CHP) systems to an Upper West Side Co-op Building in NYC. The two Tecogen units will provide electricity and domestic hot water to all 543 units in the 28 floor building. The units are replacing an existing decommissioned cogeneration system that did not provide emergency backup power. The Tecogen system provides the building with emergency stand-by power when grid power is lost.

Tecogen's system is expected to reduce yearly energy costs by over $300,000 per year while significantly reducing criteria pollutants that contribute to smog. The new system is estimated to reduce the carbon output attributed to the residence by over 1,100 tons of CO2 per year, the equivalent of taking over 180 cars off the road.

"This project is a perfect example of our strategy for growing Tecogen's target market in New York City," said Robert Panora, President and COO of Tecogen. "Turnkey installations result in long-term robust service revenues. The economic savings, black-start capability, and unique environmental benefits of the InVerde units make Tecogen a clear choice for customers in large urban areas."

This building has entered into a long-term maintenance contract with Tecogen.


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