CHP Manufacturer Raises $3.3M
Tecogen, a manufacturer of modular Combined Heat and Power (CHP) systems, announced it has sold in separate transactions of restricted common stock an aggregate of $3,349,700 at $4.50 per share to improve its balance sheet.
Tecogen CHP systems offer facilities energy efficiency and carbon reduction, using a proprietary two-stage emission system, which combines microgrid capabilities, interconnection certifications, black-start ability and high part-load efficiencies. Tecogen manufactures, installs and maintains high efficiency, ultra-clean Combined Heat and Power products including natural gas engine-driven cogeneration, air conditioning systems, and water heaters for industrial and commercial use. Tecogen has shipped more than 2,000 units, supported by a network of engineering, sales, and service personnel across the United States.
The Department of Energy is heavily promoting CHP and has launched seven new regional Combined Heat and Power Technical Assistance Partnerships across the country in a bid to strengthen US manufacturing competitiveness, lower energy consumption, and reduce harmful emissions.
- Planning for a Sustainable Future
- Building Energy Benchmarking & Transparency Laws
- Choosing the Correct Emission Control Technology
- The New Energy Future - Challenges and Opportunities in Corporate Energy Management
- Strategies for a Successful EHS&S Software Selection
- Financing Environmental Resiliency and a Low-Carbon Future with Green Bonds
- It's Time for Today's EHS and Sustainability Professionals to Embrace Big Data
- There’s Money in the Trash
- Shifting the Focus from End-of-Life Recycling to Continuous Product Lifecycles
- The Corporate Sustainability Professional's Guide to Better Data Management