On-Site Utility™ Solution providing Immediate Savings
WALTHAM, Massachusetts, Oct. 15, 2015 /PRNewswire/ -- EuroSite Power™ Inc., (OTCQB: EUSP) an On-Site Utility™ solutions provider, offering clean electricity, heat, hot water and cooling solutions to healthcare, hospitality, housing and leisure centres in the United Kingdom (UK) and Europe, is now operating a 125 kW combined heat and power (CHP) system at Kingfisher Leisure Centre, Sudbury, UK.
Under the terms of a 15 year agreement signed earlier this year, a highly efficient CHP system has been installed and is now being operated by EuroSite Power at the leisure centre, which buys the efficient energy produced by the system from EuroSite Power at a rate guaranteed to be lower than if it were to buy directly from the British National Grid.
The system installed will produce up to 1,484,021 kWh of total energy per annum, while saving up to 234 tonnes of CO2 – equivalent to taking nearly 50 cars off the road each year. Estimated savings for the customer are in excess of £12,598 (US$20,156) per year, with no capital or maintenance costs. Kingfisher Leisure Centre is located in Sudbury town centre in Suffolk. Facilities include a large leisure pool, sauna, spa, 37-station gym, Power Plate studio, café and children's play centre.
Speaking about the project, Kingfisher Leisure Centre Chief Executive Officer Tracey Loynds noted, "Controlling energy costs is of the utmost importance when running a large leisure centre. EuroSite Power's zero capital solution provides immediate, guaranteed savings so we can keep our costs down, risk free."
Paul Hamblyn, Managing Director of EuroSite Power, said, "We are very pleased to announce the successful installation and commissioning of the system, which will provide the leisure centre with lower energy bills and reduced carbon emissions for the next 15 years."
EuroSite Power sells the energy produced from an onsite energy system to an individual property as an alternative to the outright sale of energy equipment. On-Site Utility™ solution customers only pay for the energy produced by the system and receive a guaranteed discount rate on the price of the energy. All system capital, installation, operating expenses and support are paid by EuroSite Power.
About EuroSite Power
EuroSite Power Limited is a subsidiary of American DG Energy Inc. (NYSE MKT: ADGE). The Company provides institutional, commercial and small industrial facilities with clean, reliable power, cooling, heat and hot water at lower costs than charged by conventional energy suppliers – without any capital or start-up costs to the energy user. More information can be found at www.eurositepower.co.uk.
This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Important factors could cause actual results to differ materially from those indicated by such forward-looking statements, as disclosed on the Company's website and in Securities and Exchange Commission filings. This press release does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes. The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
SOURCE EuroSite Power