Tecogen Stock Price, News & Analysis

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.

Tecogen (OTCQX: TGEN) has announced the sale of a TecoChill® CH-50 air-cooled chiller to a large residential facility in Connecticut. This 50-ton unit will replace a smaller 25-ton chiller to meet increased cooling demands. The project qualifies for a $300/ton incentive aimed at reducing grid congestion during peak times, with installation set before the 2021 cooling season. Tecogen plans to service the system from its East Windsor factory, promoting natural gas-driven chillers as a cost-effective and environmentally friendly alternative to electric systems, which can increase operational costs.

Tecogen (OTCQX: TGEN) announced the sale of a Tecofrost natural gas engine-driven refrigeration compressor to a food processing facility in Connecticut. The system will enhance the facility's existing ammonia refrigeration setup by adding 150 HP, reducing energy costs and carbon emissions, and providing resilience during grid outages. Expected to be operational by early 2021, the Tecofrost unit utilizes waste heat for process water, further decreasing operational expenses. The CEO expressed optimism about expanded market opportunities as industrial facilities seek cost-effective energy solutions.

OTC Markets Group has welcomed Tecogen Inc to the OTCQX Best Market, where it will trade under the symbol TGEN. Previously listed on NASDAQ, Tecogen specializes in clean energy solutions, offering ultra-efficient power, heating, and cooling equipment. This transition aims to provide efficient market access and enhance trading liquidity. Tecogen's inclusion in OTCQX reflects its compliance with high financial standards and corporate governance. The company sees this move as beneficial for investors, improving the distribution of company information.