EuroSite Power Inc has announced an agreement to supply clean energy to Cedar Court Hotel in Huddersfield in the north of England in the UK.
Under the company’s On-Site Utility solution, EuroSite Power will replace the hotel’s existing combined heat and power system (CHP) system with a state-of-the-art 100 kW CHP system owned and operated by EuroSite Power.
EuroSite Power will receive £1.5m ($2.4m) over a 15-year contract and handle all service, maintenance and repair. The hotel will avoid all capital, installation and operating costs. Cedar Court will pay only for the energy used by the system and receive a guaranteed discount on power generated.
The system will generate up to 2 MWh each and produce space heat and hot water for the hotel’s health club.
“Having operated a CHP for some years Cedar Court already understood the value of the technology. They also quickly saw the commercial advantages of our unique On-Site Utility solution,” said Paul Hamblyn, managing director of EuroSite Power.
“Many CHP systems installed over the last 25 years are now in need of replacement and the company continues to pursue this opportunity to accelerate its growth within the UK and European markets.”
Shares in EuroSite Power's ultimate parent, American DG Energy Inc, are traded in New York (NYSE Amex: ADGE). American DG Energy is an on-site utility offering electricity, heat, hot water and cooling to commercial, institutional and industrial customers across America.
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