openPR Logo
Press release

TurboGen Advances in the American Market: Signs LOI for System Installation with New US Client

09-04-2024 02:38 PM CET | Energy & Environment

Press release from: ABNewswire

TurboGen Advances in the American Market: Signs LOI for System

September 4, 2024 - TurboGen (TASE: TURB), a leader in developing advanced solutions for local energy production, is pleased to announce today that it has signed a letter of intent (LOI) with a US client for the supply and installation of the company's micro-turbine systems (one or more) to generate energy for the client's facilities. The LOI, signed on September 2, 2024, represents a significant step in expanding the company's operations in the US market and in promoting TurboGen's innovative "Energy as a Service" model.

Yaron Gilboa, CEO of TurboGen: "The signing of this LOI marks another significant milestone in our global expansion. The growing demand for efficient and sustainable energy solutions in the US market underscores the need for TurboGen's technology. We believe that our 'Energy as a Service' model will allow customers to benefit from our technology while reducing costs and increasing energy efficiency."

This announcement follows a number of TurboGen's recent successes, including the first installation of a commercial system in New York City and the completion of successful trials at Technion laboratories, confirming the hydrogen combustion capabilities of the company's systems.

About TurboGen:

TurboGen (TASE: TURB) specializes in developing advanced solutions for local energy production in buildings and various facilities. The company's innovative technology is designed to provide efficient, reliable, and environmentally friendly energy solutions, addressing the growing global demand for distributed electricity generation.

For more information about the company: https://turbogenchp.com

This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

Media Contact
Company Name: TurboGen
Contact Person: Investor Relations
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=turbogen-advances-in-the-american-market-signs-loi-for-system-installation-with-new-us-client]
City: Petah Tikva
Country: Israel
Website: http://turbogenchp.com/



This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release TurboGen Advances in the American Market: Signs LOI for System Installation with New US Client here

News-ID: 3645346 • Views:

More Releases from ABNewswire

The Reverend Dr. Anthony Hodge: Championing Personal Transformation Through Faith, Counseling, and Spiritual Direction
The Reverend Dr. Anthony Hodge: Championing Personal Transformation Through Fait …
South Carolina - The Reverend Dr. Anthony Hodge, retired U.S. Navy Chaplain, certified Spiritual Director, and Christian Counselor, is making waves in the world of Christian living with his empowering message: it is never too late to transform your life. As the author of two inspirational books - Can You Get Better? Sure You Can!: 14 Approaches Guaranteed to Help You Become a Better You and A Better You: Christian Life
Fitness Industry Veteran Launches Dino Labz Online Store with Three-Tier Product System for Athletes
Fitness Industry Veteran Launches Dino Labz Online Store with Three-Tier Product …
Tampa-based Dino Labz LLC introduces curated fitness store through founder's extensive expertise including NASM certification, American Ninja Warrior competition, and bodybuilding preparation. The company's three-tier product collections help athletes find the right products for their training level. Tampa-based Dino Labz LLC launches a revolutionary online fitness store, founded by an industry veteran whose comprehensive expertise spans professional personal training, elite athletic competition, and competitive bodybuilding preparation. Opening September 1st, 2025, with
Business Address, Zero Rent: How TEC Virtual Office Helps Startups Gain Professional Presence
Business Address, Zero Rent: How TEC Virtual Office Helps Startups Gain Professi …
Image: https://www.abnewswire.com/upload/2025/09/e3c32aa3425ad3e972329b803ae47d7b.jpg Small firms and start-ups often run from spare rooms, cafes, or small shared spaces. Yet your address still shapes how people see your business. In Singapore and other busy markets, you can't afford to look small or unsure. This blog explains how a virtual office gives you a strong address, privacy, and a smarter way to run your brand. You will learn about the value of a business address, extra
Concord Marine Electronics Completes 170 Yacht Builder Projects with Advanced Starlink and 5G Integration
Concord Marine Electronics Completes 170 Yacht Builder Projects with Advanced St …
Concord Marine Electronics, Inc., a 35-year marine technology leader, announces milestone achievements including over 300 Starlink Performance Kit installations and completion of 170 yacht builder program projects. The company specializes in comprehensive marine electronics, audio-video systems, and high-speed internet solutions for vessels ranging from 30ft to 300ft. Concord Marine Electronics, Inc. has reached significant milestones in the luxury marine technology sector, establishing itself as the premier one-stop solution for comprehensive marine

All 5 Releases


More Releases for TurboGen

TurboGen Collaborates on Developing a Mobile Energy Production System for the De …
TurboGen's entry into the defense industry highlights the technological relevance of its innovative solutions. November 19, 2024 - TurboGen (TASE: TURB) (OTCPK: TURG.F), a leader in developing advanced innovative solutions for local energy production, is pleased to announce [https://www.linkedin.com/feed/update/urn:li:activity:7264610147996454916] the signing of a Memorandum of Understanding (MOU) with a leading Israeli defense company. The agreement, signed on November 19th 2024, focuses on integrating TurboGen's cutting-edge technology into a portable energy production
TurboGen Advances in the European Market: Signs LOI for System Installation with …
This agreement represents a significant step in TurboGen's expansion into the European market and the German Market specifically, and in advancing TurboGen's innovative "Energy as a Service" model. November 11, 2024 - TurboGen (TASE: TURB) (OTCPK: TURG.F), a leader in developing advanced innovative solutions for local energy production, is pleased to announce [https://turbogenchp.com/wp-content/uploads/2024/11/%D7%98%D7%95%D7%A8%D7%91%D7%95%D7%92%D7%9F-%D7%9E%D7%95%D7%A0%D7%92%D7%A9.pdf] today that it has entered into a Letter of Intent (LOI) with the Gemran Company 'IP Innovative Power
Following its first commercial success, Groundbreaking trials at Technion Labora …
Petah Tikva, Israel - May 27th, 2024 - TurboGen (TASE: TURB), a leading developer of multi-fuel hybrid micro-turbines, is thrilled to announce that following the successful deployment of its first commercial installation, a series of groundbreaking tests conducted at the Technion Institute of Technology have provided scientific validation of the company's TG40 system's ability to operate efficiently and with high performance on hydrogen-methane fuel blends. The trials, conducted under the supervision
TurboGen Achieves Breakthrough with First Commercial System Now Operating in New …
PETAH TIKVA, Israel - May 08, 2024 - TurboGen (TASE: TURB), a leading developer of advanced solutions for on-site energy generation in residential buildings, Nursery Home, Hotels and facilities, today announced a significant milestone with the successful installation and commissioning of its first commercial system at a customer site in New York City. The groundbreaking TG40 system has been successfully integrated into the multi-story building's infrastructure, providing electricity and heat
Industry Update: Fueling the Future - Israel's Hydrogen Ecosystem and the Path t …
As the world strides toward a greener future, Israel's hydrogen ecosystem is setting the stage for a monumental shift in global energy paradigms, with companies like TurboGen at the forefront, revolutionizing how we harness and utilize hydrogen power. In the global race towards a sustainable future, Israel emerges as a frontrunner, charting a course through the uncharted waters of hydrogen innovation. The nation's unique blend of cutting-edge research, robust government support,