Company Research Report: TEAL Central Plant Systems
1. Company Overview
- Name: TEAL Central Plant Systems
- Mission: Eliminating the uncertainty in hot water and HVAC systems with 100% uptime. Your complete sustainable managed central plant as-a-service.
- Founded: 2004 by Garey and Greg Willbanks
- Key People:
- Garey Willbanks - Co-Founder & Principal
- Greg Willbanks - Co-Founder & Principal
- Dale Holloway - Vice President Operations
- Benjamin Bain, P.E. - Chief Operating Officer
- Andrew Grace, MPM, PhD, C.Eng, PMP - Vice President of Product Development
- Nick Bobrowski - Chief Financial Officer
- Bob Watson - Vice President of Mechanical Systems
- Derek Michel - Vice President of Mechanical Construction
- Headquarters: Multiple locations including Atlanta, GA; Austin, TX; Bentonville, AR; Dallas, TX; Denver, CO; Houston, TX; Phoenix, AZ
- Number of Employees: No information is available
- Revenue: No information is available
- Known For: Providing managed central plant solutions with an emphasis on sustainability, zero downtime, and operational efficiency.
2. Products
2.1 TEAL System
- Description: A domestic hot water management system offering endless, reliable hot water for multi-family and commercial developments.
- Key Features:
- Zero downtime
- Designed to handle large demands
- Proactive monitoring with Beacon technology
2.2 TEAL Aquatherm
- Description: Combines domestic hot water and hydronic heating solutions for commercial and residential developments.
- Key Features:
- Significantly lowers emissions
- Enhances operational efficiency
- Minimizes environmental footprint
2.3 TEAL iPlant
- Description: Provides chilled water, domestic hot water, and hydronic heating solutions scalable for various sizes, from healthcare facilities to school campuses.
- Key Features:
- Scalable and adaptable for different applications
- Integrates with smart building technologies
- Utilizes edge computing and AI for proactive management
3. Recent Developments
- Recent Major Developments:
- 2021:
- Launched the TEAL iPlant system.
- Expanded solutions into the healthcare and educational markets.
- 2022:
- Partnership with Midway for a sustainable development project at East River, Houston, Texas.
- 2023:
- Garey Willbanks, TEAL's CEO, was published in Forbes Business Council.
- TEAL earned the official certification as a “Great Place to Work®”.
- New Products and Features:
- Expansion of services to include comprehensive chilled water solutions with the TEAL iPlant system.
- Introduction of tankless domestic hot water systems for multi-family developments in 2017.
- Partnerships:
- Notable partnership with Midway for sustainability initiatives in mixed-use developments.
4. TEAL's Unique Selling Proposition
- Beacon Monitoring Technology:
- Real-time, proactive monitoring and management
- Reduction of downtime
- Enhanced lifecycle management of heating and cooling systems
- Sustainability:
- Focus on reducing carbon footprint and industrial waste
- Green living designs that improve energy efficiency by up to 40%
- Extending lifespan of infrastructure to 25+ years
5. Innovation and Expertise
- Machine Learning and AI:
- Understanding and anticipating building usage patterns
- Routing capacity efficiently with minimal waste
- Leadership:
- Combining decades of industry experience
- Pioneering innovative central plant management solutions
This comprehensive report highlights TEAL's focus on providing sustainable, efficient heating and cooling solutions through innovative technologies and proactive monitoring systems.
