Company Snapshot: Tecogen Inc. (TGEN)

Tecogen (TGEN – $4.05) was awarded a research grant from the Propane Education & Research Council (PERC) to fund the development of its Ultera technology for the propane powered fork truck market. The grant covers testing and development of a prototype solution in conjunction with PERC and two fork truck manufacturers. Ultera is a fully patented muffler-like kit that dramatically […]

Earlier this week Tecogen (TGEN – $4.38) announced the sale of two Tecochill RT Series 50-ton air-cooled chillers to Gas Natural Fenosa. Gas Natural is a global supplier of natural gas and electricity with more than 23 million customers. It’s headquartered in Barcelona, Spain, but these chillers will be installed at its corporate offices in Mexico City. The sale was […]

The auto emissions firm Ultra Emissions Technologies Ltd. (ULTRATEK), an affiliate of Tecogen (TGEN – $4.18), was valued at $58.2 million in recent third round funding. ULTRATEK raised $6.25 million in this financing, bringing the total cash on hand to approximately $12.5 million. Very interesting to know is that the new investors paid a substantial premium to prior funding rounds. […]

For hospitals, keeping the power on isn’t just about convenience or comfort, it’s about life or death. Providers and patients depend upon reliable energy to power the medical equipment used during procedures and patient care. Tecogen (TGEN – $4.24) provides that kind of critical reliability to hospitals. The Company’s state-of-the-art InVerde e+ cogeneration units meet the rapid blackstart requirement for […]

When award-winning architect Seymour R. Joseph, designed Glenn Gardens, a 266-unit residential building on Manhattan’s Upper West Side, back in 1976, he likely didn’t anticipate the energy-related challenges and opportunities that the building’s owners and its residents would experience in the 21st century. With electricity prices on the rise and gas prices remaining steady, and even declining, opportunities have emerged […]

Tecogen Inc. (TGEN – $4.27) designs, manufactures and sells industrial and commercial CHP (Combined Heat & Power), or cogeneration, systems that produce combinations of electricity, hot water, and air conditioning. Tecogen is a well-established company, as it has already shipped over 2,300 units so far, some of which have been operating for almost 25 years. Tecogen’s sales team had some […]

Tecogen Inc. (TGEN – $4.23), which designs, manufactures and installs industrial and commercial Combined Heat and Power (CHP) systems, sold three InVerde 100 kW units to a multi-family residential building in the Coney Island section of Brooklyn, NY. The order is worth over half a million dollars. The units will be equipped with Tecogen’s unique and patented Ultera system, which […]

TTcogen, which is 50% owned by Tecogen (TGEN – $5.00), sold a 55kW Combined Heat and Power (CHP) unit to an elementary school in New Jersey. This is the second order for TTcogen, only a couple of weeks after the first win. A full service contract was also included in the deal. The TEDOM Micro T55 natural gas powered CHP […]

Tecogen (TGEN – $5.05) experienced a decline in its second quarter revenues, ended June 30, 2016, due to temporary issues. Compared with the first quarter of 2016, revenues did rise 12%, driven by both product and service revenue growth of 6.3% and 16.6% respectively. Moreover, the Company made considerable progress on many other fronts. Gross margin in the second quarter […]

Only a couple of months after Tecogen (TGEN – $5.04) formed a 50/50 joint venture corporation with the Czech CHP manufacturer TEDOM, it has won its first order. The sale is for a TEDOM Micro 35 kW Combined Heat and Power unit, which will be installed in a 138 unit multi-family residential building in Brooklyn, NY. “With a less than […]