(TGEN) Sale of Two InVerde Ultra Units Expected to Provide $225K in Energy Savings per Year

WALTHAM, Mass., Nov. 20, 2014  — Tecogen^® Inc. (NASDAQ: TGEN) today announced the sale of two Ultra™ InVerde^® INV-100 combined heat and power (CHP) systems to a 37 story Art Deco Style skyscraper in Manhattan’s Financial District. The net projected energy savings from the Tecogen equipment is $225K per year.

Tecogen’s two systems are expected to generate more than 70% of the building’s energy needs, significantly reducing energy costs, and cutting criteria pollutants, the compounds contributing to smog. The new system is estimated to reduce the annual carbon output attributed to the residence by 640 tons of CO₂.

All Systems Cogeneration designed and is managing the residential project.  As a successful Tecogen associate, All Systems Cogeneration has sold more than 50 Tecogen systems over time.

“Tecogen provides what we look for in a vendor; high quality, reliable, dependable systems,” said Gregg Giampaolo, president of All Systems Cogeneration, the NY state based firm.  “In terms of the nuts and bolts of our business, Tecogen makes it easy.  They provide excellent factory support from available parts to accessible engineering support.”

“Long term relationships with companies such as All Systems Cogeneration allow us to grow our business exponentially,” said Robert Panora, Tecogen’s President and Chief Operating Officer. “Their market knowledge with sales and engineering capabilities make All Systems Cogeneration a contributor to Tecogen’s growth.”

In addition to cost savings, the Tecogen systems provide the building with stand-by power when grid power is lost.

About Tecogen

Tecogen manufactures, installs, and maintains high efficiency, ultra-clean combined heat and power products including natural gas engine-driven cogeneration, air conditioning systems, and high-efficiency water heaters for industrial and commercial use. Tecogen has shipped more than 2,000 units, supported by an established network of engineering, sales, and service personnel across the United States. For more information, please visit www.tecogen.com.

Tecogen Media Contact Information:
David Garrison
P: 781-466-6403
E: David.Garrison@Tecogen.com

Tecogen Investor Contact Information:
John N. Hatsopoulos
P: 781-622-1120
E: jhatsopoulos@tecogen.com