Testing on a selection of customer sites has resulted in reduced energy purchased from the utility and an increase in equipment run hours. This is a benefit for the customer and
Any cogeneration system connected to our platform can be controlled centrally. This will also allow us to act like a virtual power plant and participate in utility demand response programs. The capacity from multiple cogeneration systems can be aggregated and receive utility payments which can be shared with the customer.
Since the self-learning intelligent control system is built on our remote monitoring platform it can also be integrated with other distributed generation and cooling products.
“As the world moves towards electrification, the platform that controls the largest amounts of peak power resources has a strategically important position,” said Abinand Rangesh, CEO of
Forward Looking Statements
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In addition to the Risk Factors described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q under “Risk Factors,” factors that could cause our actual results to differ materially from past and projected future results include the impact of the coronavirus pandemic on demand for our products and services, the availability of incentives, rebates and tax benefits relating to our products, changes in the regulatory environment relating to our products, competing technological developments, and the availability of financing to fund our operations and growth.
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In business for over 35 years,
Tecogen Media & Investor Relations Contact Information:
Abinand Rangesh, CEO
P: (781) 466-6487
E: Abinand.Rangesh@Tecogen.com
Source:
2024 GlobeNewswire, Inc., source