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.
Tecogen Inc. (NYSE American:TGEN) is a Delaware-incorporated company that designs, manufactures, sells, installs, and maintains high-efficiency, ultra-clean cogeneration and cooling products. This news page aggregates coverage of Tecogen’s ongoing business developments, financial results, capital markets activity, and strategic focus areas such as natural gas engine-driven combined heat and power, air conditioning systems, high-efficiency water heaters, and applications in AI and other data centers.
Recent Tecogen news releases, referenced in Form 8-K filings, provide detailed quarterly financial results, including segment performance for Products, Services, and Energy Production. These updates discuss revenue trends, gross margins, operating expenses, and non-GAAP measures such as Adjusted EBITDA. They also describe factors affecting each segment, such as increased chiller and cogeneration sales, changes in service margins, and contract expirations at energy production sites.
Investors can follow announcements about Tecogen’s data center strategy, including letters of intent with potential data center customers, interest from data center developers, and the use of Tecogen’s natural gas and hybrid-drive chillers and hybrid drive power packages for AI data center cooling and power management. Company communications also highlight participation in investor conferences, underwritten public offerings of common stock, and corporate governance updates such as executive appointments and compensation decisions.
This page is useful for tracking Tecogen’s earnings releases, conference call schedules, capital raises under its registration statements, and Regulation FD disclosures about investor presentations and FAQs posted on its website and social media channels. For users monitoring TGEN stock, the news feed offers a consolidated view of how Tecogen reports on its clean energy products, distributed power generation activities, and evolving role in data center and AI-related cooling markets.
Tecogen Inc. (OTCQX: TGEN) has launched the Tecopack microgrid system, designed for combined heat and power (CHP) applications. This innovative system offers pre-packaged, drop-in solutions with variable speed operation, Ultera emissions control, and Smart Inverter technology, aimed at improving energy efficiency. The system has been installed in various facilities, including nursing homes and sports complexes. Tecogen emphasizes the system's benefits in reducing energy costs and enhancing resilience against grid disruptions, with immediate availability for purchase or lease.
Tecogen (OTCQX: TGEN) announced the sale of three 400-ton Tecochill chillers to an indoor cannabis cultivation facility in Massachusetts, bringing their total sales to 29 chillers in the state. The chillers provide an integrated modular solution that optimizes grow space and simplifies installation. This development is part of an increasing trend in the cannabis industry, where operators seek to reduce operational costs through efficient gas cooling systems. Tecochill systems offer lower operating costs and enhanced resilience against power outages compared to electric chillers.
Tecogen Inc. (OTCQX:TGEN) reported a 15.5% decline in revenues, totaling $28.3 million for 2020, as the COVID-19 pandemic impacted all segments. Product revenues fell to $10.5 million, and service revenue reached $15.9 million. Despite a decrease in gross profit to $10.8 million, gross margin improved to 38.3%. The company recorded a net loss of $6.2 million, primarily due to one-time impairments. However, cash flows from operations improved to $1.4 million. Tecogen also executed a license agreement for its emissions reduction technology and expanded its patent portfolio.
Tecogen (OTCQX: TGEN) has announced the sale of two InVerde e+ cogeneration systems for a school district in upstate New York. One system will be installed at the middle school and the other at the elementary school, providing electricity and heat at a lower cost than existing utilities. This initiative is part of a broader energy services package provided by an Energy Services Company (ESCO). Tecogen has installed over 300 similar systems in the area, emphasizing energy cost savings and backup power during outages.
Tecogen Inc. (OTCQX: TGEN) announced that Robert Panora, President and COO, will present an update on the Ultera™ near-zero emissions forklift program during a webinar on February 25, 2021, at 2 p.m. EST. The presentation aims to showcase Tecogen’s proprietary catalyst system designed to enhance indoor air quality and facilitate certification to California's Optional Low Emission Standard. Tecogen aspires to become the first certified entity for this standard since its inception.
Tecogen (TGEN) announced that Robert Panora, President and COO, will present on the Ultera™ near-zero emissions forklift program at a webinar on February 25, 2021. The presentation will focus on how Tecogen's catalyst system can help improve indoor air quality and aims for certification under California's near-zero emissions standard. The company, which has over 35 years in the clean energy sector and has shipped more than 3,000 units, emphasizes its commitment to environmentally friendly technology.
Tecogen Inc. (OTCQX: TGEN) will announce its year-end 2020 financial results on March 11, 2021. The earnings press release and supplemental slides will be accessible on its website. A conference call hosted by senior management will occur the same day at 11:00 AM ET, allowing stakeholders to discuss the company’s financial performance. Participants can join via phone or webcast. Tecogen specializes in high-efficiency, ultra-clean cogeneration products, aiming to reduce environmental impact and bolster energy efficiency for various sectors.
Tecogen Inc. (OTCQX: TGEN) announced it has secured a second draw Paycheck Protection Program loan of $1,874,269 under the CARES Act. This 1% interest loan defers payments until June 5, 2022, with monthly repayments commencing on July 5, 2022. The funds will support payroll, rent, and operational expenses, with intentions to apply for loan forgiveness. CEO Benjamin Locke highlighted the importance of this funding for maintaining operations during challenging economic conditions.
Tecogen (OTCQX: TGEN) has announced the sale of three 75 kW Tecopower systems to an Energy Services Company for installation on behalf of a Massachusetts Housing Authority, replacing an existing cogeneration system. The sale emphasizes Tecogen's reputation for service longevity and operational reliability, which are crucial for long-term energy savings contracts. The company has a strong record of delivering modular cogeneration systems since the mid-1980s and maintains the largest fleet in the U.S., underlining its commitment to customer satisfaction and energy efficiency.
Tecogen Inc. (OTCQX: TGEN) announced significant sales of its TecoChill® STx series chillers, including a 200 ton unit for a school in Connecticut and two 150 ton units for a public works utility in Virginia. These installations will deliver 500 tons of natural gas-driven cooling and reduce electric demand by 300 kW. The overall greenhouse gas (GHG) reduction potential from these projects is estimated at 150 tons of CO2 per year. The company emphasizes the cost savings and environmental benefits of using TecoChill systems over traditional electric chillers.