WALTHAM, Mass., Jan. 26, 2015 /PRNewswire/ -- EuroSite Power Inc., (OTCQB: EUSP) an On-Site Utility solutions provider, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and leisure centres in the United Kingdom (UK) and Europe, has announced customer savings totalling GBP198,372 (USD300,000) achieved by its fleet of CHP (Combined Heat and Power) units operating in the UK in 2014.
The fleet has also reduced UK carbon emissions by 2,047 metric tonnes – equivalent to taking 431 cars off the road. Further comparisons include saving the CO2 equivalent to what would be produced by driving a car for 4,873,810 miles and that would be sequestrated by 52,487 tree seedlings grown for 10 years.
Paul Hamblyn, Managing Director of EuroSite Power, said: "With 21 CHP units now operating in the UK, we are very proud to be able to announce these figures that show our On-Site Utility™ solutions are not only delivering customers immediate cost savings with zero capital outlay, but also helping them reduce their carbon footprint significantly too. As well as being good for the planet, CO2 savings can also help some UK customers mitigate the impact of taxes such as the Climate Change Levy and CRC Energy Efficiency Scheme."
"With significant further CHP projects in progress already for 2015, we're looking forward to announcing a further leap in these figures next year and ongoing as more projects come online in years to come."
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.
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SOURCE EuroSite Power Inc.