EuroSite Power Inc. has announced that it has reached an agreement to supply clean energy to four landmark hotels, including the Waldorf Astoria, owned by The Ability Group and managed by Hilton Worldwide.
Under the terms of the thirty-year agreement, the Company will install and operate combined heat and power (CHP) systems at the following properties:
London Syon Park, a Waldorf Astoria Hotel, the only Waldorf Astoria Hotel currently in the UK Hilton Liverpool, a stylish, modern hotel situated in the heart of the Liverpool One leisure development DoubleTree by Hilton Cambridge, situated on the banks of the River Cam Hampton by Hilton, currently under construction to serve London Luton Airport.
The various CHP systems will produce up to 4.8 MW of total energy per year. The Ability Group will receive a discount on the energy produced by the CHP systems and reduce its carbon emissions from each property. The value of the agreement to the Company is £11m ($17m).
“Being able to welcome The Ability Group as a customer is very significant for EuroSite Power,” said Paul Hamblyn, Managing Director of EuroSite Power. “Our On-Site Utility solution is ideal for owners of multiple buildings and correctly sized CHP works so well in hotels. The Company continues to pursue other large property holders to accelerate our growth within the United Kingdom and European markets.”
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