TurboGen signs non-binding MOU with U.S. healthcare-facilities operator for 40 CHP units

  • TurboGen signed a non-binding MOU with a U.S. residential care and rehabilitation operator.
  • Approximately 40 80-kilowatt CHP systems are proposed for the operator’s facilities.
  • The initial purchase requires a definitive agreement before becoming binding.

TurboGen Ltd. signed a non-binding memorandum of understanding with a U.S. entity that owns and operates residential care and rehabilitation centers to purchase approximately 40 of the company’s 80-kilowatt combined heat and power systems. The units would be installed at the operator’s facilities based on TurboGen’s estimate of their energy demand. The proposed initial purchase remains subject to a definitive agreement, and the company said it expects to provide further updates as negotiations develop. TurboGen, which trades on Nasdaq under TRBG and on the Tel Aviv Stock Exchange under TURB, develops multifuel microturbine systems for local electricity, energy and heat production.

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