Welcome to our dedicated page for TECOGEN news (Ticker: $TGEN), a resource for investors and traders seeking the latest updates and insights on TECOGEN stock.
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Tecogen Inc. (TGEN) has acquired service agreements for 31 additional cogeneration units, totaling 83 for the year. In February, the company acquired agreements for 52 units, with 16 presently in operation and 36 to be online later this year. Tecogen's CEO, Abinand Rangesh, highlighted that service contracts increase uptime, leading to higher customer savings. The company plans to secure more service contracts to boost revenue and cover fixed costs while pursuing larger product orders.