TurboGen

TurboGen Overview

Turbogen is focused on developing turbine-based combined cooling heating and power (CCHP) systems. The company's turbine is based on industrialized aviation technology and comes in three sizes: TG40, with 40 kW electrical power and 68 kW heating; TG120, with 120 Kw electric power and 170 Kw heating. These models are compatible with both natural gas and a blend of hydrogen and natural gas. Turbogen's CCHP systems offer sustainable on-site energy solutions that are well suited for settings such as microgrids, office buildings, multi-family residences, hospitals, hotels, nursing homes, and more. The systems are lightweight, small, and reliable, providing continuous power for extended periods before requiring servicing. Turbogen's CCHP systems have high electrical and thermal efficiency, resulting in rapid return on investment, lower building emissions, and peak shaving for utilities. The compact and modular design of the proprietary jet propulsion technology also reduces installation and maintenance costs. The company's patented multi-fuel technology enables hybrid operations such as solar–gas, hydrogen–gas, and SOFC–gas.

Cumulative Funding Raised Over Time ($)

Latest News

Feb 19, 2024 · www.sponser.co.il

growth-positive

עם הערת ’עסק חי’ וללא הכנסות: טורבוג’ן מחממת מנועים לקראת IPO בארה”ב

Israeli company טורבוג’ן, which develops micro turbines for electricity production on gas and bio-diesel, has announced an agreement with an American market underwriter for an Initial Public Offering (IPO) in the US. The company aims to raise at least $5 million over a period of up to 10 months. The funds will be used to continue the development of its turbine, following an efficiency process reported last October. The company is currently in the research and development stage and has no revenue from its operations. It ended the first half of the year with a loss of 10 million shekels from regular operations.

InvestmentPublic Trading

Jan 18, 2024 · www.sponser.co.il

growth-positive

לאחר מהלך עליות מהיר: חברת החלום טורבוג’ן יוצאת לגיוס בזכויות

טורבוג’ן, a company specializing in the development of a multi-fuel micro-turbine for the production of electricity and heat, has announced a public offering expected to raise around 3.5 million shekels. The funds will be used to finance the companys ongoing development and commercial capabilities of the technology. The companys controlling shareholder, אנגלו טורבו, has announced its intention to exercise all the rights allocated to it in the offering, thus investing a total of about 1.55 million shekels.

InvestmentPublic Trading

Aug 16, 2023 · www.funder.co.il

growth-positive

טורבוג׳ן קיבלה אישורי ממשל ורגולציה בארה״ב להתקנת מערכות ייצור האנרגיה ומתחילה בחדירה לשוק האמריקאי

טורבוגן, a company developing advanced energy solutions, has received all the necessary approvals, including from Con Edison and the local authority, to install its TG-40 energy system in a high-rise building in New York City. The TG-40 system is a micro-turbine system that generates electricity and heat using natural gas. The installation of the system is expected to be completed in the coming months and will significantly enhance the companys operations in the American market. The system is designed to meet the base load electricity and hot water needs of the building and address the growing demand for energy due to aging power grids. The company aims to reduce electricity costs by up to 20% compared to existing solutions. The installation is part of the companys compliance with commercial regulations. The article mentions the recent announcement by the Biden administration to allocate $8.5 billion for energy improvement in buildings, including the installation of CHP systems.

CustomersExpand

Jul 12, 2023 · www.sponser.co.il

growth-positive

טורבוג’ן חתמה על מזכר הבנות אסטרטגי עם PEG האמריקאית

Turbogen, a company that develops multi-fuel micro-turbines for local electricity and heat production, has signed a memorandum of understanding to explore potential business opportunities with PEG. PEG, or Energy Group Platinum, is a private company based in New York, USA, that specializes in the production, marketing, and installation of energy systems and energy management systems in residential buildings, offices, and industrial buildings. The main focus of the memorandum is to explore potential business opportunities for the development of integrated energy systems based on the existing technologies of Turbogen and PEG.

PartnersExpand

Jun 18, 2023 · www.maariv.co.il

growth-positive

יביא להורדה במחירי החשמל? פיתוח ישראלי פורץ דרך לאנרגיה ירוקה

Israeli company טורבוגן has developed a new cooling system for gas turbines that allows them to operate efficiently at high temperatures. The system has received a patent approval in the US and is expected to result in higher energy output, improved efficiency, and lower costs. טורבוגן has been selected for a national project by the US Department of Energy and offers a range of products for gas capture and utilization. The company has also signed agreements with leading energy companies in the local market. The successful completion of the first micro-turbine and laboratory tests has positioned טורבוגן to install the system for commercial customers, following the installation of the first system in New York earlier this year.

CustomersPartners

Funding

Team Members

2

Employees: 11-50

Web & Social Links

Locations

Ef'al Street 22, Petah Tikva, Israel

Photos & Videos

3 item(s)

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