TurboGen Completes Assembly of First TR2000 20kW Combined Heat and Power System for Use in Defense and Civilian Markets

Internal testing has begun, with TurboGen anticipating further testing, certifications and demonstrations.

Rhea-AI Summary

TurboGen (NASDAQ: TRBG) has completed the first assembly of its TR2000 combined heat and power system for defense and civilian applications.

The 20-kilowatt unit is designed for uses including residential buildings and other civilian projects. Internal testing began after assembly was completed. TurboGen anticipates continued testing, certifications and demonstrations as units are assembled and marketed. Management described the milestone as a step toward revenue generation, rather than announcing sales.

Positive

• Minor pointFirst TR2000 assembly completed, marking a completed system-development milestone.
• Minor pointInternal testing began following completion of the system’s assembly.
• Minor point. Forward-looking: it has not happened yet and may not happen.Further testing, certifications and demonstrations are anticipated as units are assembled and marketed.

Negative

• None.

Key Figures

System capacity: 20 kW

System capacity

20 kW

First assembled TR2000 unit

Historical Context

1 past event · Latest: Oct 05

1 event

1. Oct 05

   Manufacturing agreement

   24h Move

   -5.9%

   Five-year initial agreement for serial development and manufacturing of 20kW systems

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

combined heat and power, microturbines

2 terms

combined heat and power technical

"developer of combined heat and power systems based on multifuel microturbines"

Combined heat and power (CHP) is a way to produce electricity and capture the waste heat that normally escapes from power generation to supply useful heating or cooling for a building or industrial process. Like cooking on a stove and using the same heat to warm the house, CHP makes energy use much more efficient, which can lower fuel costs, cut emissions, improve reliability, and affect an operator’s margins, capital needs and exposure to energy price or regulatory risks — all key factors for investors.

microturbines technical

"based on multifuel microturbines"

Microturbines are small, high-speed gas turbines that generate electricity and sometimes heat for a single building, industrial site, or distributed power network. They work like a miniature jet engine driving a generator and are valued for compact size, low maintenance, and ability to run on various fuels; investors care because microturbine sales, leases, or deployments can drive revenue in energy, distributed-generation, and efficiency markets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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PETAH TIKVA, Israel, Nov. 03, 2026 (GLOBE NEWSWIRE) -- TurboGen Ltd. (NASDAQ:TRBG) (TASE:TURB) (“TurboGen” or the “Company”), a developer of combined heat and power systems based on multifuel microturbines, today announces that it has completed the first assembly of its propriety TR2000 system, a 20 kilowatt (“kW”) unit designed for defense applications as well as residential buildings and other civilian projects. Upon completion of the TR2000 system’s assembly, the Company began testing the system internally.

“Completing the first TR2000 system turns our 20kW design into a working system” said Yaron Gilboa, TurboGen’s Chief Executive Officer. “We anticipate continued testing, certifications, and demonstrations as these units are assembled and marketed. We look forward to providing updates on our progress as we move TurboGen closer to revenue generation.”

About TurboGen

Founded in response to technologically address the threat of climate change and the lack of grid capacity, TurboGen Ltd. (NASDAQ:TRBG) (TASE:TURB) develops combined heat and power systems based on multifuel microturbines. These microturbines are used for local electricity, energy, and heat production. To learn more, please visit: https://turbogenchp.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, TurboGen is using forward looking statements in this press release when it discusses the successful assembly of its TR2000 system; the potential benefits to the Company as a result of this assembly; the potential applicability of the TR2000 system to defense, residential and civilian projects; the anticipated continued testing, certifications and demonstrations of the units; and providing updates as TurboGen moves closer to revenue generation. Because such statements deal with future events and are based on TurboGen’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of TurboGen could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Registration Statement on Form F-1, as amended, filed with the Securities and Exchange Commission (the “SEC”) on March 12, 2026. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

IR and Communications Contact:
IR@turbogenchp.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What milestone has TurboGen reached with its TR2000 system?

TurboGen completed the first assembly of its 20-kilowatt TR2000 combined heat and power system and began internal testing. The unit is designed for defense applications, residential buildings and other civilian projects.