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Tecogen

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Manufacturer of combined heat and power products including natural gas engine-driven cogeneration, air conditioning systems and high efficiency water heaters

Billerica, United StatesFounded 1960Energy
Valuation $60M Market cap · 2026
Revenue $26M Latest reported FY

About Tecogen

Tecogen, Inc. specializes in the manufacture, installation, and maintenance of high-efficiency, ultra-clean combined heat and power (CHP) products. These products include natural gas engine-driven cogeneration systems, air conditioning systems, and high-efficiency gas heat pumps. Tecogen serves a diverse range of clients, including residential, commercial, recreational, and industrial sectors. The company operates in the energy production market, focusing on cost-efficient and environmentally friendly solutions. Tecogen's business model involves generating revenue through the sale of its CHP products, as well as providing ongoing maintenance services. The company's patented technology significantly reduces pollutants, making their products both reliable and eco-friendly.

Source: Dealroom company data

At a glance

Status
Listed
Founded
1960
Headquarters
Billerica, United States
Listing
IPO 2016
Employees
69
Open positions
1
Dealroom signal
50.0/100
Industry
Energy
Sub-industry
Clean Energy, Energy Providers, Water, Energy Storage
Sector
Energy, air conditioning
Business model
Manufacturing
Client focus
b2b
Investment activity
2 companies, latest Nov 2016
Capital deployed
—
Preferred round
ACQUISITION

Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO EQUITY✓Other financing Jul 2025 $18M — Undisclosed ↗
POST IPO DEBT✓Debt Oct 2023 $1.5M — John Hatsopoulos ↗
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMarginProfitMarginR&D
2026 $26M -4.6% −$6.1M -23.6% −$8.2M -31.9% $1.2M
2025 $27M +19.7% −$6.1M -22.5% −$8.2M -30.5% $1.2M
2024 $23M -10% −$3.8M -16.7% −$4.8M -21% $962K
2023 $25M +0.5% −$3.9M -15.4% $840K
2022 $25M +2.5% −$2M -7.8%
2021 $24M -13.6% $524K 2.1%
2020 $28M — −$2.4M -8.6%
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Tecogen website traffic

Latest recorded traffic for Tecogen is 1K monthly website visits, up 81.8% over the last three months. Tecogen's team grew 40.8% over the past year.

Latest monthly visits1K 3-month web change+81.8% 1-year team growth+40.8%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Open positions

Openings linked to this company in Dealroom
1 distinct opening shownExplore hiring signals →

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • NYSERDA
  • Michaelson Capital Partners

Series B and later1 investor entered at this stage

  • John Hatsopoulos
Team profiled 15 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States93%
🇨🇦 Canada7%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Tecogen on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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