WALTHAM, Mass., Nov. 9, 2015 /PRNewswire/ -- EuroSite Power™ Inc., (OTCQB: EUSP) an On-Site Utility™ solutions provider, offering clean electricity, heat, hot water and cooling solutions to healthcare, hospitality, housing and leisure centres in the United Kingdom (UK) and Europe has been selected as a finalist for a prestigious Association of Decentralized Energy (ADE) Innovation Award. ADE's annual awards showcase innovation, best practice and achievements across combined heat and power, district heating and energy services in the UK. With seven categories (International and Integrated Energy, Innovation, Industrial and Commercial, Public Sector, Campus, Community and Residential and Champion), the ADE Annual Conference and Awards are the leading events for the CHP, district heating, energy services and community energy sectors in the UK, bringing together policy makers, opinion leaders and energy consumers for stimulating debate, political perspectives and industry insights. Now in their eighth year, the Awards provide an opportunity for organisations and professionals from across the growing sector to celebrate success and collective achievement in the industry.
EuroSite Power's nomination in the Innovation category was based on its installation at Clifton Hospital. The combination of the Company's On-Site Utility™ solution and flexible use of combined heat and power (CHP) technology allow the hospital to enjoy a fully funded, risk free solution to its energy, heating and cooling needs. Utilizing Tecogen® Inc.'s InVerde 100 kW natural gas CHP unit along with various other energy efficiency improvements, Clifton Hospital has reported a 55% reduction in imported electricity over the first 12 months of operation.
Part of the Blackpool Teaching Hospitals NHS Trust, Clifton Hospital is situated on the Fylde Coast in St. Anne's. Built in 1988, the community hospital provides non-acute, rehabilitation and respite care for those with long-term conditions and has three 24-bed wards, mainly covering care for the elderly, and medical rehabilitation, as well as an out-patients department for rheumatology and dermatology. With up to 200 hospitals in the UK appropriate for this type of scheme, EuroSite Power is able to provide unprecedented cost efficiencies and green benefits for UK healthcare.
Paul Hamblyn, Managing Director of EuroSite Power, said: "We are delighted to have been shortlisted for such a prestigious award. We truly believe our On-Site Utility™ solution provides an innovative approach to energy and expense savings. The risk-free, immediate cost and carbon savings enjoyed by Clifton Hospital are a perfect example of the benefits of our On-Site Utility™ solutions, which we are looking to roll out to further healthcare customers, particularly within the NHS across the UK."
EuroSite Power's fellow nominees include Veolia CHP, Guru Systems and Arup. The final awards will be presented at the ADE Awards Dinner, hosted at the Grand Connaught Rooms in London, on November 25th, 2015. Entries will appear in the awards booklet on each table at dinner and the shortlisted entries will be read out by ADE president Lord Risby before the winner is announced.
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.