TurboGen is an Israeli development-stage company that designs and produces multifuel microturbine systems for buildings. TurboGen's technology utilizes combined heat and power generation to produce electricity and heat simultaneously from a single fuel source, such as natural gas, biogas, or hydrogen. TurboGen targets owners of commercial and residential properties, including office buildings, hospitality sites, and data centers. Currently transitioning from development to commercialization, TurboGen has installed its first demonstration unit in New York. The company’s product portfolio includes systems of varying capacities, such as the TG-40 and TR8000, alongside an integrated energy management system for local microgrids. TurboGen primarily employs an energy-as-a-service model, where it installs and owns the equipment while customers pay for the energy produced under long-term contracts. The company also offers direct equipment sales with service agreements. TurboGen’s strategy focuses on deploying demonstration units to validate performance and establishing partnerships with energy service firms to expand in the U.S. and EU markets. Additionally, TurboGen is pursuing a dual-use strategy through a defense industry collaboration and a proposed acquisition of a stake in Elbatech, which would expand its operations into aerospace and defense engineering. As a pre-revenue entity, TurboGen relies on external capital to fund its hardware deployments and research activities.