WALTHAM, Mass., Aug. 26, 2014 /PRNewswire/ -- American DG Energy Inc. (NYSE MKT: ADGE), a leading On‑Site Utility, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and athletic facilities, is now operating a 75 kW combined heat and power (CHP) system providing an On-Site energy solution to Wolman Hall student housing at The Johns Hopkins University in Baltimore, Maryland.
Through this Purchase of Power Agreement, Wolman Hall will receive a portion of its electricity and hot water from a 75 kW CHP system, which is owned and operated by American DG Energy. The University receives a guaranteed discount on the energy produced by the CHP system while reducing their carbon footprint and is only paying for the energy produced while they avoided all capital, installation and maintenance costs. The CHP system will produce up to 592,000 KWh of electricity and 3,900 million BTU of useable heat annually in the form of hot water.
Utilizing a highly efficient CHP unit, Johns Hopkins will offset up to 415 tons of CO2 per year. The new CHP system at Wolman Hall is part of the University's commitment reduce greenhouse gas emissions by 51% by 2025.
About American DG Energy
American DG Energy supplies low-cost energy to its 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 local utilities – without any capital or start-up costs to the energy user – through its On-Site Utility energy solutions. American DG Energy is headquartered in Waltham, Massachusetts. Learn more about how American DG Energy (NYSE MKT: ADGE) reduces energy costs at www.americandg.com or follow us on Facebook and Twitter.
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 American DG Energy Inc.