Abinand. Thanks,
I'd important the XX, like takeaways turning quarter. to Slide from to what feel So I discuss are
product continue to to glad sales we're see rebound. First,
our $X.X which revenue the of at core a at systems new of the May market then, systems to $X.X backlog our receive million. XX product confirms Product $X.X of the Since end was QX as and segments. we've Our orders, value number million of million. strong backlog first quarter of in shipped yesterday our brings
for in progress making continue to environment core continue expect systems our we agriculture particular, In we strong forward, demand shown see space. our Going controlled here. in markets to
just mentioned And indoor and additional we savings, in compelling opportunity feel As supply constraints. this for moment. a more this previously, about company. for terms benefits our operational I'll there cultivation may of I've cost in grid space systems talk provide the resiliency, the be in
service we margins continues QX to glad business XX%. maintaining that We over gross year. our grow each Next, each XXXX, and X% versus were quarter while are up of O&M
improvement revenues, the increased effect business on overall, energy talk the energy a prices of smaller prices. while energy will about segments component based on slide. Our production I increased next showed in mostly our
to additional Lastly, an It business. are to agreements. competitive us been supply alternative these confident increases many our we have other and that vendors for overcome to price we sure, we supply chain and has improvements delays challenging find our make challenges. to and created overall but manufacturers adjusted be supply imperative continue Industry-wide to relationships
cash QX. I of All employee $XXX,XXX credit of finally once receive to of integral million is add still the expect would these achieve factors of to $X.X end retention like final -- received. that a to at we around our were strong cash position
price our Since talking minutes of three a proposition. like gas, how increasing systems. this. common gas how spend impact impact to shows Turning systems are improve value from higher natural recently. prices few XX, I'd natural fact our increases to savings operate question Slide here recent There in the about it's reasons our prices gas the on The chart for a
increase occur. bit First, when will of the sometimes U.S be is gas is time to a much But price since will in eventually of electricity from may source lag generation the Therefore rates. a natural contracted gas. have electric reset the electric predominant There time in fuel increases comes it for rates, reflected natural a any prices commodity prices in term.
higher lead, saw We rates. electric improved as are where because service seeing this energy firsthand margins with of our a we
natural gas a gas would increase, required our traditional prices systems since more have becomes amount as the of Next, similar in a of heat heat cogenerated system. heating the that valuable, natural
New relates system. the XX% in typical on These shows demand The ultimately electric as upgrading XXX cost get accommodate the like KW savings the costs the customers, we Massachusetts. in where trend this to or grid to is expanding slide electric and have vehicles York increases of cogeneration more increased passed already prices for massive infrastructure it California, seen and chart nation's Finally, to things from decade-old significant. electric on by a
would $X.XX, $X.XX because expensive continuing savings per over right, to $XX,XXX savings rates the rates and electric to XX% save per therm here rate and Over you'll to around $X.XX system see the increase of this heat increases an a further around gas see using the on gas. offset a the hour, gas year increasing kilowatt few year. electricity. middle rates electric per therm, rates to you increase electric But to past that the per typical are you customer and $X.XX years, with continue increasing in And XX% if $XXX,XXX with
increase mentioned, As such rates are as the day, with already we At ours on and continue. energy systems prices costs. that a fully end we ConnEd energy the to major in the trend that electricity I of such reduction efficient put can premium as rising utilities seeing will of Eversource, expect value and provide
to Turning XX. Slide
to growth We've when made where shared growing pathway we the continue resiliency, market, energy for electric We on we last power one the to the grid indoor solutions existing focused of stay are savings progress especially facility's can't in meet year. best the the requirements. and
are will The hybrid an air-cooled drive offering. will gap chiller sales We the development our for system our where air of good hybrid making expand and progress in fill many cooled a needed. markets Tecochill which Tecochill chiller, our potential on drive substantially the of is
hybrid largest America. have to of in pilot HVAC is drive product XXXX operation North the AHR February at in the early product and next showcase expect shows Expo, we'll We year, which the trade the in one
promising We microgrids. as technology for also a efficient continue clean for and to a our foundation opportunity see
resilient systems solution cooling grid We requiring an combination clean shown affordable our a have reliable combined power. with facilities systems and effective our that cost-effective for microgrid of is
constraints demand. expect electricity increased grid aging the as and further grid to electric due overloaded We supply burden nation's to continue becomes
formed MIT we Through forward. The current look primarily committee energy to mentioned had opportunity a updates going growth by services. to in as these the special special in the opportunities from vast see Board business in Professor controlled will our driven believe Finally, market, opportunity our we interactions products many Since for the into Ghoniem headed Committee we've for industry our environment CEA may agriculture. company potential with worldwide, have earnings are beyond I controlled their progress expanded by be Ahmed will food on there additional participants the release, and operations indoor production. provide and Tecogen intensive, be
few in the updates turn to showing over conclusion, it against operator hope I'd providing for to next to these that, the I With look questions. to and results continue So over like forward months. goals
