EuroSite Power Begins Providing Cost Savings to Hampton by Hilton Luton Airport
Zero Capital CHP System Successfully Installed and Commissioned at New Build Hotel
WALTHAM, Mass., Nov. 12, 2012 /PRNewswire/ -- EuroSite Power Inc., (OTCQB: EUSP) 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, announced that it is now operating a combined heat and power system (CHP) supplying clean energy to the Hampton by Hilton Luton Airport, UK.
The Hampton by Hilton Luton Airport joins Hilton Liverpool as The Ability Group's second hotel of five to become operational under the terms of a 30-year On-Site Utility agreement which EuroSite Power announced earlier in 2012.
The hotel will open in December 2012 and will be one of the first Hampton by Hilton hotels in the UK. The hotel will have 188 rooms situated one mile from Luton Airport, which services 9 million passengers per annum with the largest private jet base on London's periphery. The site adjoins Luton Parkway station with its new entrance adjacent to the hotel. The station offers train links to London and the hotel is readily accessible from the A505, which connects to the M1 motorway a mile away from the hotel.
The EuroSite Power system now operating and delivering low carbon heat and electricity consists of two CHP units rated at 5.5kWe each. The CHPs were included in the design to aid compliance with Part L of the building regulations. Part L is a building regulation that developers must comply with to achieve a pre-determined required carbon footprint. The systems are expected to produce most of the domestic hot water used in the hotel and overall the CHP is expected to produce 64 MWh of electricity and 153 MWh of heat per annum and to reduce the building's carbon footprint by around 20 metric tonnes each year.
Paul Hamblyn, Managing Director of EuroSite Power, said: "We are pleased to announce the CHP system provided to Hampton by Hilton Luton Airport has been successfully installed and commissioned. Servicing the UK hotel market is an important part of our growth strategy, and we continue to pursue these and other large property holders to accelerate our growth within the UK market."
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.
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 Inc.
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