Industrials

Tecogen Shares Cloudsmart Testimonial on InVerde Data Centre System

Tecogen has published a customer testimonial from Cloudsmart Inc., a Connecticut data centre using its InVerde system to generate power.

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Tecogen Inc. (NYSE American:TGEN) has shared a customer testimonial from Cloudsmart Inc., a Tier 3, SOC 2, Cloud and AI data centre in Connecticut. Cloudsmart CEO and President Robyn Sullivan said the facility had been using Tecogen’s InVerde system to generate its own power for a few months.

#Cloudsmart reports lower electricity costs

Sullivan said Cloudsmart had reduced its electric bills substantially since bringing the InVerde unit into operation. She said the lower energy costs and greener power sources were features that attracted interest from potential customers during site tours.

Cloudsmart also said the unit had operated reliably and required limited hands-on involvement, with Tecogen’s service team managing the support work.

Tecogen CEO Abinand Rangesh said the company was pleased that Cloudsmart had selected InVerde. He characterised the testimonial as evidence that the company’s products can generate savings while meeting the requirements of a data centre environment.

Rangesh also said real-world customer examples were essential to converting Tecogen’s data centre pipeline into orders. The announcement did not state that the testimonial had resulted in any orders.

#Tecogen’s products and operating background

Tecogen designs, manufactures, sells, installs and maintains high-efficiency, ultra-clean cogeneration products. Its portfolio includes engine-driven combined heat and power systems, air-conditioning equipment and high-efficiency water heaters for residential, commercial, recreational and industrial applications.

The company said its energy products nearly eliminate criteria pollutants and significantly reduce customers’ carbon footprints. Tecogen has been in business for over 35 years and said it has shipped more than 3,200 units, supported by engineering, sales and service personnel in key markets in North America.

#Risks and forward-looking statements

Tecogen cautioned that statements about its strategy, future operations, financial position, revenues, costs, prospects and management plans are forward-looking and involve known and unknown risks. The company said actual results could differ materially from those statements.

The risks identified by Tecogen include changes in demand for its products and services, competing technology developments, research and development issues, the availability of incentives, rebates and tax benefits, regulatory changes, the integration of acquired business operations, and the ability to obtain financing on favourable terms for existing operations and anticipated growth.

#Key Takeaways

  • Tecogen shared a testimonial from Cloudsmart, a Tier 3, SOC 2, Cloud and AI data centre in Connecticut.
  • Cloudsmart said it had used InVerde for a few months to generate its own power.
  • Cloudsmart reported substantially lower electric bills and reliable operation of the unit.
  • Tecogen said customer examples are important to its data centre pipeline, but no resulting orders were announced.
  • Tecogen said it has been in business for over 35 years and has shipped more than 3,200 units.

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