Tecogen Partners with WGL Energy on Large New York CHP Project
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Tecogen® Inc., provider of clean energy products which, through patented technology, nearly eliminate criteria pollutants and significantly reduce a customer's carbon footprint, announced an agreement with WGL Energy Systems (WGL Energy) to install seven Tecogen InVerde 100 e+ CHP modules at a large, multiunit residential complex in Manhattan, New York.
WGL Energy, which operates distributed generation systems in 19 states and the District of Columbia, will own the combined heat and power (CHP) system and sell the energy to the complex at a discounted rate from the existing electric utility. Tecogen will install, commission and provide operations and maintenance services for the 700 kW CHP plant over a 20-year term. The system will also provide backup power to the complex in the event of a grid outage.
"This project has been under development at Tecogen for some time," noted Tecogen Co-CEO Benjamin Locke. "Large residential buildings are a perfect fit for our CHP systems, and no other CHP manufacturer can provide the same savings and operational capabilities as our InVerde e+ system. WGL Energy provided a savings package to the complex that was extremely compelling. We look forward to working with WGL Energy on future projects that require outside financing."
Speaking about the project, Sanjiv Mahan, President of WGL Energy, noted, "WGL Energy is a leader in efficient and environmentally-friendly energy technology solutions to residential, government, commercial and industrial customers. This project was a perfect fit for our financial model, and we are excited to work with Tecogen on this project and potentially more projects in the future."
The project is expected to finish in phases over the next 9-12 months and be fully operational in 2018. The project is also partially financed through incentives from the New York State Environmental Research and Development Agency (NYSERDA).