WALTHAM, Mass., June 29, 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 signed an agreement
worth approximately £2.26 (US$3.62)
million with BH Live for a solution at Littledown Centre,
Bournemouth, UK.
Under the terms of the 15-year agreement, a highly efficient
combined heat and power (CHP) system will be installed, owned and
operated by EuroSite Power at the leisure centre. The centre will
then buy the energy produced by the system at a guaranteed lower
rate than available directly from the grid. Estimated savings for
the customer are in excess of £40,000 (US$64,000) per year, with no capital outlay or
maintenance costs.
The 200 kWe CHP system will produce up to 2,643,795 kWh of total
energy per annum, while saving up to 376 tonnes of CO2 – equivalent
to taking 79 cars off the road each year. The new contract brings
EuroSite's portfolio of systems to 35 with a value to the company
of £61.20 million (US$99.15) from
units totaling 3666 kW electrical capacity.
Littledown Centre is one of five leisure centres operated by BH
Live, a social enterprise and leading operator of leisure and event
venues in the south of England.
Peter Portnoi, BH Live Head of
Facilities Management says, "Maintaining control of energy
consumption and managing cost is very important for the efficient
running of Littledown Centre which has over 1.5 million customer
visits a year. As a social enterprise, every surplus pound we make
is invested back into our services; so we were looking to reduce
our utility expenditure to create more surplus and improve our
green credentials. With zero upfront costs, the EuroSite Power
solution provides immediate, guaranteed, risk-free savings and
their significant leisure industry experience means we can be
confident they will deliver the very best solution for our
requirements."
Paul Hamblyn, Managing Director
of EuroSite Power, said: "We are very pleased to announce the
signing of this agreement. With a total of 14 leisure centres in
the UK, we are making significant progress ensuring sports and
leisure facility customers around the country can enjoy on-going,
risk-free, cheaper energy."
On-Site Utility™
EuroSite Power sells the energy produced from an on-site 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). American DG Energy owns 48% of EuroSite
Power and consolidates their financial results and P&L. 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.
About Littledown Centre
Littledown Centre is managed and operated by BH Live in
partnership with Bournemouth Borough Council. Set in 47 acres of
parkland, it offers some of the finest leisure, swimming, football
and gym facilities in the country and is accredited by quality
scheme QUEST. Sport England ranks
the Littledown Centre as one of the top performing leisure centres
in the UK. For more visit littledowncentre.co.uk
About BH Live
BH Live is the leading operator of leisure and event venues in
the south of England – a social
enterprise that designs and builds engaging experiences to inspire
people and enrich lives. For more visit bhlive.org.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.
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visit:http://www.prnewswire.com/news-releases/bh-live-agrees-to-a-15-year-partnership-with-eurosite-power-300105985.html
SOURCE EuroSite Power Inc.