Tecogen, a US-based combined heat and power (CHP) technology company which is backed by investors including Southern California Gas, a regional subsidiary of New York-listed Sempra Energy, has filed for an initial public offering of $25m on Nasdaq.
Tecogen states in its filing: “We also continue to leverage our resources with government and industry funding, which has yielded a number of successful developments. These include the Ultra low-emissions technology, sponsored by the California Energy Commission and Southern California Gas Company, and new 35-kW engine technology we developed with the California Energy Commission’s support.”
Tecogen began in the early 1960s as a research division of Thermo Electron Corporation, now Thermo Fisher Scientific. In 2000, Tecogen was sold to private investors including Thermo Electron’s original founders, Dr. George Hatsopoulos and John Hatsopoulos. The company designs, manufactures, sells, and services systems that produce electricity, hot water, and air conditioning for commercial installations and buildings and industrial processes.