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 ($)
$550KAug 2023
$1.1MAug 2023
$2.3MDec 2022
$2.6MJun 2023
$2.6MMar 2018
$2.9MMay 2023
$3.1MMay 2023
$3.7MMay 2024
Latest News
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
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
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
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
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
| Sector | Energy Tech |
Funding
| Total funding | $9.39M |
| Last funding | $550K |
| Stage | Public |
| Rounds | 10 |
| Investors | 7 |
Team Members
2
Employees: 11-50
Web & Social Links
| Website | turbogenchp.com/ |
Locations
Ef'al Street 22, Petah Tikva, Israel
Photos & Videos
3 item(s)
TurboGen Business
Business models
B2B
Product stage
Released
Employees
11-50
Sector
Climate TechEnergy TransitionClean Energy GenerationHydrogenEco-Efficient Energy UsageClean Industry Tech Green ConstructionEnergy TechEnergy Consumption & EfficiencyEnergy Production & SourcesTarget Customer
Energy, Utilities & Waste ManagementUtilitiesGas UtilitiesElectricityHealthcare & Life SciencesHealthcareProvidersTravel & TourismHospitalityHotelsReal Estate & ConstructionManagementCommercialResidentialCore Technology
Machinery & RoboticsTags (10)
thermal-energyhydrogenclimate-technatural-gasenergy-efficiencyenergytechfuelsoff-gridenergydata-centersGeographic Markets
North AmericaEuropeTurboGen Financials
$9.39M
Total funding
Undisclosed
Capital raised
$550K
Last funding
Public
Funding stage
10
Total rounds
7
Investors
Cumulative Funding Raised Over Time ($)
$550KAug 2023
$1.1MAug 2023
$2.3MDec 2022
$2.6MJun 2023
$2.6MMar 2018
$2.9MMay 2023
$3.1MMay 2023
$3.7MMay 2024
Private Equity Funding
Convertible Debt
May 2024
$550K
Undisclosed Investor(s)
Convertible Debt
Aug 2023
$550K
Convertible Debt
Aug 2023
$550K
Alex Katz
Convertible Debt
Jun 2023
$270K
Pinchas Hertz
Convertible Debt
May 2023
$270K
Zohar Rappaport
Convertible Debt
May 2023
$270K
Maayan David Jan
Convertible Debt
Dec 2022
$1.23M
Alex Katz, Yoav Sharon
Undisclosed Round
Mar 2018
Undisclosed
OSEG
Non-Equity Funding
GrantEvent
Nov 2020
Undisclosed
Public Offering / Exit
POEvent
Nov 2021
Undisclosed
TurboGen Lifecycle
Cumulative Funding Raised Over Time
$550KAug 2023
$1.1MAug 2023
$2.3MDec 2022
$2.6MJun 2023
$2.6MMar 2018
$2.9MMay 2023
$3.1MMay 2023
$3.7MMay 2024
All Events
Convertible Debt
May 2024
$550K
Undisclosed Investor(s)
Convertible Debt
Aug 2023
$550K
Convertible Debt
Aug 2023
$550K
Alex Katz
Convertible Debt
Jun 2023
$270K
Pinchas Hertz
Convertible Debt
May 2023
$270K
Zohar Rappaport
Convertible Debt
May 2023
$270K
Maayan David Jan
Convertible Debt
Dec 2022
$1.23M
Alex Katz, Yoav Sharon
Undisclosed Round
Mar 2018
Undisclosed
OSEG
GrantEvent
Nov 2020
Undisclosed
POEvent
Nov 2021
Undisclosed
TurboGen News
15 articles
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
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
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
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
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
TurboGen's Innovative Leap: A Groundbreaking Patent Approval for Microturbine Cooling System
growth-positive
טורבוג'ן חתמה על הסכם מחקר לבדיקת ביצוע בעירה
טורבוג’ן (Turbogen) has signed a research agreement with South West Research Institute (SWRI) to develop a self-sustaining electricity and heat system based on hydrogen and advanced combustion technology. SWRI is a leading independent research and development institute in the engineering and science field. The collaboration aims to experiment and simulate the combustion performance of hydrogen and natural gas mixtures in Turbogens TG-40 combustion chamber. The research will contribute to the use of hydrogen as a renewable energy source alongside natural gas. Turbogens goal is to transition to 100% hydrogen as a clean energy source for electricity and heating without CO2 emissions.
Partners
growth-positive
Turbogen - Hydrogen Turbine Heralds The Fuel of The Future - Hydrogen Central
TurboGen, a company specializing in the development of hybrid microturbines, is working to enable its systems to use hydrogen to generate energy. The company aims to develop a microturbine that can operate on 100% hydrogen. This move aligns with the global trend of transitioning to clean energy sources. Hydrogen can be combined with oxygen to generate electricity, similar to modern batteries, but with cleaner and renewable energy production. TurboGen estimates that its microturbine can operate with mixes of up to 50% hydrogen and plans to develop a combustion cell for 100% hydrogen combustion. The article also mentions other companies and countries, such as Colmobil and Romania, that are investing in hydrogen energy solutions.
Partners
growth-positive
Hydrogen Turbine by HydroGen Signals the Fuel of the Future
TurboGen, a company specializing in hybrid microturbines, is developing a project to utilize hydrogen for electricity generation. The company aims to pioneer the use of hydrogen in microturbines and contribute to the transition to clean energy sources. TurboGen estimates that its new microturbine will require minor changes to operate on a combustion cell utilizing 50% hydrogen. The CEO of TurboGen sees this transition as a significant event for the company and aims to develop a non-polluting solution based solely on hydrogen. Other companies, such as Colmobil, are also investing in hydrogen energy, with plans to import hydrogen-powered trucks. Israel is one of the first countries to pioneer the use of fuel cells on its roads.
InvestmentPartners
growth-positive
TurboGen doubles in value in first 10 trading days
Israeli company TurboGen, specializing in high-efficiency combined heat and power systems using micro turbines, has doubled in value within the first 10 days of its IPO. The company raised NIS 18 million at a company valuation of NIS 143 million and is now worth NIS 276 million. TurboGen aims to enable every building to become a power station supplying itself with electricity. The company has signed agreements with ENPG and Supergas for technology installation and distribution. TurboGens technology was developed by RJet, a subsidiary of Rafael Advanced Defense Systems. The company has raised about NIS 55 million to date.
InvestmentExpand
growth-positive
טורבוג'ן עולה ב-25% ביום המסחר הראשון בבורסה
TurboGen, a company specializing in the development of multi-fuel micro-turbines for self-production of electricity and heat in buildings, has completed its public offering on the Tel Aviv Stock Exchange on November 18, 2021. The company raised about 18 million NIS at a value of about 143 million NIS. TurboGen has signed several agreements to implement its technology, including an agreement with an American company named ENPG. In Israel, the company has partnered with Supergas for the exclusive distribution of micro-turbines.
Public TradingInvestment
growth-positive
בדרך לייצור חשמל מקומי בישראל טורבוג'ן חתמה על הסכם שיתוף פעולה ראשון מסוגו עם סופרגז New-Tech OnLine
טורבוג’ן, a company that developed a micro-turbine for local electricity and heat production, has made a significant breakthrough in the local market. The company signed a memorandum of understanding and a partnership agreement with Supergas, the largest gas supplier in Israel. They will establish a joint venture to provide energy services based on Turbogins micro-turbine. The company estimates that the micro-turbines will be installed first in the central and southern regions of Israel. Turbogin has already completed the development of a prototype and plans to build its first operational site in New York in the second half of 2022. The company aims to reduce electricity and heating costs for future consumers by 10%-20% compared to current tariffs.
CustomersPartnersInvestmentPublic Trading
growth-positive
ייצור חשמל מקומי בישראל: יוזיל את העלויות לצרכנים? - וואלה! כסף
Israeli company Turbogen, which developed a multi-fuel micro-turbine for local electricity and heat production, has signed a partnership with Supergas, Israels largest natural gas supply and distribution company. The partnership will establish a joint company to provide energy as a service, based on Turbogens micro-turbine. The company estimates that it can reduce electricity and heating costs for future consumers by 10%-20% compared to existing tariffs. The micro-turbines will initially be installed in the central and southern regions of Israel, where the natural gas infrastructure is most advanced.
PartnersExpand
growth-positive
TurboGen plans TASE IPO at NIS 200m valuation
TurboGen, a green energy company, has filed for an IPO on the Tel Aviv Stock Exchange. The company has developed high-efficiency combined heat and power (CHP) generators based on military jet engine technology. TurboGen aims to raise several tens of millions of shekels at a company valuation of NIS 200 million. The underwriters for the IPO are Rosario Capital and Barak Capital. The generators provided by TurboGen offer clean, free-standing energy and are suitable for grids such as office buildings and hospitals. The company has experienced losses of NIS 12 million over the past two years. TurboGens technology is based on a jet propulsion system developed by Rafael, one of its shareholders.
Public Trading
growth-positive
הנדל"ן החדש: רובוטים, רחפנים, אפליקציות ובינה מלאכותית
The article discusses four different Israeli companies: Turbogen, Visitt.io, Civ Robotics, and Structure Pal. Turbogen has developed a small turbine to generate electricity for buildings and has raised around 14.5 million shekels. Visitt.io has developed an application for building management and has raised 2 million dollars. Civ Robotics has developed an automatic system for marking coordinates on construction sites. Structure Pal offers a tool to save on the amount of concrete used in construction and has raised 475,000 dollars.
InvestmentCustomers
Employee Info
| Employees (range) | 11-50 |
| Exact count | 14 |
| Team members | 2 |
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TurboGen Internal
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Hilla Gorokhovsky |
| Registrar ID | 515086056 |
| Phone | +97235795452 |
| Creator | Yanina Wainscheinker |
| Creator email | yanina.wain@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-05-26T00:00:00.000Z |
| Created | 2020-09-24T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Public on TASE on Nov, 2021<br> |