- Went public, Nov 2021
- Raised $5.7M Public Offering, Nov 2021
- Raised $550k convertible note, May 2024
About
Turbogen focuses on developing and manufacturing turbine-based Combined Cooling, Heating, and Power (CCHP) systems. Based on industrialized aviation technology, the company’s proprietary micro-turbines now come in three primary sizes: the TG40 (40 kW electrical / 68 kW heating), the TG120 (120 kW electrical / 170 kW heating), and the newly introduced high-capacity TG250 (250 kW electrical). These systems are designed to operate on natural gas, 100% hydrogen, or any blend of the two, offering a versatile "hydrogen-ready" solution for the energy transition.
Turbogen’s CCHP systems provide sustainable, on-site energy for microgrids, hospitals, hotels, and multi-family residences. These units are lightweight, compact, and designed for high reliability, with a Maintenance Time Between Overhaul (MTBO) of over 50,000 hours. By generating power at the point of use, they eliminate grid transmission losses and provide critical "peak shaving" capabilities for utilities and building owners.
Since 2024, the company has transitioned into a commercial growth phase, highlighted by its first commercial installation in New York and new strategic partnerships in Germany and India. Turbogen’s patented multi-fuel technology now supports hybrid operations including Solar–Gas and Hydrogen–Gas, enabling buildings to achieve up to 90% total energy efficiency and significantly lower greenhouse gas emissions to comply with strict local environmental regulations like NYC's Local Law 97.
Funding history · 10 rounds · $9.4M total
Q&A
- What is TurboGen's primary focus?
- TurboGen focuses on developing and manufacturing turbine-based Combined Cooling, Heating, and Power (CCHP) systems for on-site green energy generation in microgrids and for Energy Management Systems (EMS).
- When did TurboGen go public and on what exchange?
- TurboGen went public on the TASE in November 2021, raising $5.7 million with a valuation of $45.2 million.
- What are the key features of TurboGen's CCHP systems?
- TurboGen's CCHP systems are based on industrialized aviation technology, come in three sizes (TG40, TG120, TG250), and are designed to operate on natural gas, 100% hydrogen, or any blend, making them 'hydrogen-ready'.
- What recent commercial developments has TurboGen experienced?
- Since 2024, TurboGen has entered a commercial growth phase, marked by its first commercial installation in New York and new strategic partnerships in Germany and India.
- What is the total amount of funding TurboGen has raised to date?
- TurboGen has raised a total of $9.39 million.
- What was TurboGen's most recent funding round?
- TurboGen's most recent funding round was a Convertible Bond in May 2024, raising $550,000.
- What is TurboGen's market capitalization?
- TurboGen's market capitalization is $124.81 million.
Team · 2
Sectors & technology
Highlights
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Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | turbogenchp.com/ |
|---|---|
| linkedin.com/company/13014951 | |
| YouTube | youtube.com/watch?v=NFEZb7eey-A |
Identifiers & details
| Former names | Turbo Gas |
|---|---|
| Founded | 2014-5 |
| Employees (exact) | 14 |
| Market cap | $124.8M |
| Status reason | Public on TASE on Nov 2021; |
Acquisitions & public offerings
| Type | Date | Exchange | Ticker | Amount |
|---|---|---|---|---|
| 2021-11 |