“Tecogen has been a mainstay in the cogeneration industry for over 40 years due to their product technology and service reliability. “Dalkia’s main objective is to provide industry-leading energy savings and carbon-reduction systems to our customers,” stated Bob Kirby, CEO of Dalkia US. I look forward to welcoming the service technicians that are joining us from Dalkia as part of this transaction.” “The relationship between Tecogen and Dalkia will also allow Dalkia to focus on selling and installation of combined heat and power systems as well as other carbon-reduction systems to their diverse customer base and continue to benefit from service contracts while minimizing its costs associated with the service business.

This transaction allows us to leverage our existing service centers and obtain a stream of long term recurring cash flow,” said Abinand Rangesh, Tecogen’s CEO. Increasing the scale and revenue of our service business is one of our key objectives. “This transaction is advantageous for both Tecogen and Dalkia. As a counterpart to the transfer of these services contracts, Tecogen will share a portion of the revenue with Dalkia from the assumed contracts for a period of seven years. The equipment will be serviced by Tecogen’s existing service centers in the Northeast United States. (OTCQX: TGEN), a clean-energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, is pleased to announce that it has assumed service contracts from Aegis Energy Services, LLC (“Aegis”), a subsidiary of Dalkia Energy US, LLC, part of the EDF Group, (“Dalkia”) for 202 cogeneration systems, and expects to assume additional service contracts later in the year. Claim your 1-week free trial to StreetInsider Premium here.

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