Tecogen Inc., a Waltham, MA-based developer and manufacturer of innovative, ultra-clean natural gas-driven combined heat and power (CHP) products for commercial and industrial facilities, has received a $500k strategic investment from Southern California Gas Co. (SoCalGas).
The fund will be used to bring the company’s technology to market.
Led by president Robert Panora, Tecogen manufactures systems that supply electric power or cooling while heat from the engine is recovered and purposefully used at the facility. The benefits may include reductions in both energy costs and greenhouse gas emissions.
The company has an installed base of more than 2,000 units supported by an established network of engineering, sales and service personnel across the United States.
SoCalGas is a large natural gas distribution utility with a service territory that encompasses approximately 20,000 square miles throughout Central and Southern California, from Visalia to the Mexican border. It is a regulated subsidiary of Sempra Energy (NYSE: SRE). Sempra Energy, based in , is a Fortune 500 energy services holding company.