TurboGen Signs MOU to Supply 40 Power Systems to U.S. Healthcare Firm

TurboGen has signed a non-binding memorandum of understanding to potentially supply 40 of its 80Kw combined heat and power systems to a U.S.-based operator of residential care and rehabilitation facilities. The agreement is a step for the company as it seeks to expand in the North American energy market following its recent Nasdaq debut.

"This MOU represents recognition within a substantial U.S.-based operation for the specific benefits of our technology, and we look forward to continuing the negotiation process and acquiring this customer," said Yaron Gilboa, TurboGen’s Chief Executive Officer, in a statement.

Understanding Combined Heat and Power (CHP)

Combined heat and power systems, also known as cogeneration, generate electricity and capture the thermal energy typically wasted in conventional power generation. For residential care and rehabilitation facilities that require consistent electricity and hot water for 24-hour operations, CHP technology can provide cost savings and energy efficiency improvements by utilizing waste heat for space or water heating.

TurboGen’s 80Kw units are modular, allowing operators to scale energy production based on the specific demands of their facilities. Because the agreement remains non-binding, the finalization of the deal depends on both parties negotiating and signing a definitive purchase agreement that outlines delivery timelines, pricing, and installation requirements.

Strategic Expansion After Nasdaq Listing

This development comes shortly after TurboGen officially began trading on the Nasdaq Capital Market on August 31, 2026. The move to a U.S. exchange was intended to increase the company's visibility among institutional investors and facilitate its growth strategy in the American market.

For the healthcare operator involved, the adoption of onsite power systems could serve as a hedge against rising utility costs and grid instability. As healthcare institutions face pressure to reduce operational expenditures while maintaining standards of care, the integration of decentralized energy solutions like those offered by TurboGen has become a focus for facility managers looking to improve energy resilience.