WALTHAM, Mass., Feb. 14, 2017
WALTHAM, Mass., Feb. 14, 2017 /PRNewswire/ -- Tecogen® Inc. (NASDAQ: TGEN), a developer and manufacturer of clean energy products, today announced a collaboration with the Northwest Energy Efficiency Alliance (NEEA), an alliance of more than 140 Northwest utilities and energy efficiency organizations, to install the first Ilios high efficiency water heater in the Pacific Northwest. The Ilios Air-Source unit will be installed in a retirement community in Salem, Oregon and served by natural gas from regional utility, NW Natural (NYSE: NWN).
Speaking about the project, Benjamin Locke, Tecogen Co-CEO noted, "First introduced in 2012, our Ilios high efficiency water heaters have been shipped worldwide including to Ireland, the UK, Australia, Puerto Rico, Hawaii, and the Eastern United States. We are optimistic that the capabilities and value proposition our energy-saving heating solution provides will be apparent in this collaboration project, leading to a new market and potential project partners in the Northwest."
The Ilios heat pump project will examine how much energy can be saved as well as other key considerations for installation and use that may be barriers to customer adaption in the region. Natural gas heat pumps are part of a portfolio of natural gas products that the region is investigating to benefit gas utility customers across the Northwest. The partners in this larger regional effort are Avista Utilities, Cascade Natural Gas Corporation, Energy Trust of Oregon, NW Natural and Puget Sound Energy.
The project will run through the heating season of February to late winter 2017; however, the project partners expect to publish initial results in mid-2017. This fieldwork is part of a five-year regional plan to increase consumer choices for efficient natural gas use in the Northwest.
Tecogen® Inc. designs, manufactures, sells, installs, and maintains high efficiency, ultra-clean, cogeneration products including natural gas engine-driven combined heat and power, air conditioning systems, and high-efficiency water heaters for residential, commercial, recreational and industrial use. The company is known for cost efficient, environmentally friendly and reliable products for energy production that, through patented technology, nearly eliminate criteria pollutants and significantly reduce a customer's carbon footprint.
In business for over 30 years, Tecogen has shipped more than 2,500 units, supported by an established network of engineering, sales, and service personnel across the United States. For more information, please visit www.tecogen.com or contact us for a free Site Assessment.
Tecogen, InVerde, Ilios, Tecochill, Ultera, and e+, are registered trademarks or trademark pending registration of Tecogen Inc.
Forward Looking Statements
This press release may contain forward-looking statements under the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Important factors could cause actual results to differ materially from those indicated by such forward-looking statements, as disclosed on the Company's website and in Securities and Exchange Commission filings. The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
Tecogen Media & Investor Relations Contact Information:
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Ariel F. Babcock, CFA
John N. Hatsopoulos
P: (781) 466-6413
P: (781) 622-1120
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SOURCE Tecogen Inc.