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.