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  • American DG Energy (ADGE) Announces 100kW CHP System At DoubleTree Tarrytown Hotel 0 comments
    Aug 9, 2012 6:10 PM | about stocks: ADGE

    American DG Energy Inc. has announced it is now operating a combined heat and power system (CHP) at DoubleTree Hotel in Tarrytown, N.Y. The revenue value of this agreement will be $2 million for the company over the 15-year term. American DG Energy is a leading provider of onsite utility solutions, offering clean electricity, heat, hot water and cooling solutions for hospitality, healthcare, housing and athletic facilities.

    Owned and operated by America DG Energy, the 100kW CHP system is now producing energy in the form of electricity, space heat and domestic hot water. DoubleTree chose the company's onsite utility solution and will avoid all capital, installation and operating costs - only paying for the energy used.

    CHP systems offer a cleaner energy option with substantial environmental benefits, as compared with electricity purchased from the grid. CHP systems capture and utilize heat that would otherwise be wasted from the production of electricity -producing the same amount of energy while requiring less fuel. According to the EPA CHP Partnership emissions calculator, by utilizing a CHP system DoubleTree will reduce its carbon emissions by around 403 tons annually, or the equivalent of planting 75 acres of forest each year.

    Recently honored with the TripAdvisor Certificate of Excellence Award, DoubleTree Tarrytown is an upscale, 247-room, full-service property. The hotel can now add "contribution to the quality of the environment" to its list of features, as it is now reducing carbon emissions by operating an onsite utility.

    American DG Energy provides its customers with low-cost energy through distributed power generating systems. Through its onsite utility energy solutions, the company provides institutional, commercial and small industrial facilities with clean, reliable power, cooling, heat and hot water - without any capital or startup costs to the energy user and at a lower price than charged by local utilities. American DG Energy is headquartered in Waltham, Mass. For more information, visit the company's Web site at americandg.com

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

    Stocks: ADGE
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