EuroSite Power Operates Green Energy at Hilton Liverpool

EuroSite Power Operates Green Energy at Hilton Liverpool

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EuroSite Power Operates Green Energy at Hilton Liverpool PR Newswire WALTHAM, Massachusetts, July 12, 2012 WALTHAM, Massachusetts, July 12, 2012 /PRNewswire/ -- EuroSite Power Inc.

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EuroSite Power Operates Green Energy at
Hilton Liverpool
PR Newswire
WALTHAM, Massachusetts, July 12, 2012
WALTHAM, Massachusetts
,
July 12, 2012
/PRNewswire/ -- EuroSite Power Inc.,
an On-Site Utility, offering clean electricity, heat, hot water and cooling
solutions to hospitality, healthcare, housing and leisure centers in the
United
Kingdom
(UK) and
Europe
, today announced that it is now operating a
combined heat and power system (CHP) at the landmark Hilton Liverpool
owned by The Ability Group. The revenue value of the agreement to the
Company is
GBP 3.8 million
over the 30 year contract.
The clean energy system owned and operated by EuroSite Power is a highly
efficient 122 kW CHP system tied into the Hilton Liverpool's heating system and
will produce energy in the form of electricity, space heat and domestic hot
water for the hotel's guest rooms, public areas and back-of-house. With
EuroSite Power's On-Site Utility, the hotel only pays for the energy used and
avoids all capital, installation, operating and maintenance costs of the CHP
system. In addition, the energy produced is priced lower than existing and
future utility costs providing immediate and ongoing cost savings to The Ability
Group.
CHP systems are a cleaner energy option, offering considerable environmental
benefits when compared with electricity from the grid and conventional boiler
systems. Recognized as a low carbon technology the system will reduce the
hotel's CO2 emissions by some 143 metric tons which, in turn reduces the
impact of taxes such as the Climate Change Levy and CRC Energy Efficiency
Scheme. With the operation of an On-Site Utility, the hotel is now also
contributing to the quality of the environment with their reduction in carbon
emissions.
On-Site Utility
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 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). Both companies supply low-cost energy to their customers through
distributed power generating systems. The Company is committed to providing
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 –
through its On-Site Utility energy solutions. EuroSite Power is based in Ealing,
West London
. More information can be found at www.eurositepower.co.uk.
FORWARD-LOOKING STATEMENTS
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.