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TurboGen Ltd. completed assembly of its first TR2000 20kW combined heat and power system for defense, residential and civilian applications and began internal testing.
TurboGen Ltd. entered a long-term agreement with an EU-based engineering and manufacturing provider for serial development and production of its proprietary 20kW systems, with an initial five-year term and automatic annual renewals.
Turbogen Ltd. reported a $4,175 thousand net loss for the six months ended June 30, 2026, with cash and cash equivalents of $7.2 million. Its ordinary shares began trading on Nasdaq on August 31, 2026, and it raised $5 million in gross proceeds.
