MA Company Plays Key Role in NYC Green Initiative

Dec 09, 2009, 12:15 ET from Aegis Energy Services, Inc.

HOLYOKE, Mass., Dec. 9 /PRNewswire/ -- "Cogeneration... It's actually the right thing to do." So declared the Honorable Michael Bloomberg, mayor of New York City, at the inauguration of a clean burning, natural gas, 300kW Combined Heat and Power (CHP) System at Schwab House in Manhattan on October 17, 2009, that will increase fuel-use efficiency, decrease emissions, lower the building's demand on the electrical grid, and yield substantial savings.

Aegis Energy Services, Inc. of Holyoke, Massachusetts engineered, manufactured, and installed the CHP system in the 646-unit cooperative, on Manhattan's Upper West Side, and owns the equipment in a shared savings agreement with the building.

Lee Vardakas, General Manager of Aegis Energy Services, had the honor of showing the system to Mayor Bloomberg, US Representative Jerrold Nadler and other state and local representatives, all of whom agreed that such a project is consistent with the city's PlaNYC sustainability vision, which aims to reduce the city's carbon emissions 30% by 2030. Mayor Bloomberg explained to the crowd that 80% of the city's greenhouse gases emanate from its buildings.

The Aegis Energy Services' CHP plant will reduce the building's energy costs by 28% and shrink its carbon footprint by an estimated 813 tons annually. In addition, the plant will reduce electrical demand on the area's over-stretched grid capacity by generating 45% of its own electricity.

The CHP system will run in parallel with the Consolidated Edison grid and the recovered waste heat will be used to provide space heating and domestic hot water for the building, and drive an absorption chiller system capable of producing more than 20 tons of cooling for the first floor lobby and hallway common area. The CHP system consists of four Aegen Thermopower TP75LE modules for a combined output of 300kW and thermal output from each of 523,000 BTUH.

The CHP System "will enable us to realize our vision for a green program that will measurably benefit the building, the city and the environment," said Lance Kolb, Executive Director of Schwab House.

About Aegis Energy Services:

Aegis Energy Services, Inc. is a fully integrated organization providing a comprehensive approach to modular cogeneration systems ranging from economic analysis, engineering, manufacturing, installation, operation, and maintenance to system ownership for shared savings programs. Aegis, headquartered in Holyoke, MA, has 25 years experience installing hundreds of Combined Heat Power systems throughout the Northeast.

SOURCE Aegis Energy Services, Inc.