EuroSite Power Enters Partnership with DONG Energy, formerly Shell Gas Direct
by PR Newswire
WALTHAM, Mass., Jan. 15, 2013 /PRNewswire/ -- EuroSite Power Inc. (OTCQB: EUSP), an On-Site Utility, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and leisure centers in the United Kingdom (UK) and Europe, has entered into a partnership with DONG Energy Sales, formerly Shell Gas Direct.
Forming part of DONG Energy's strategy, the agreement will see DONG Energy Sales working with EuroSite Power as a way of improving energy efficiency and reducing carbon footprint for its customers using Combined Heat and Power (CHP) solutions. DONG Energy's intention is to launch solutions supporting the climate strategy of major corporations in the UK through energy efficiency projects, renewable investments and corporate & social responsibility/branding support.
Magnus Larsen, DONG Energy Sales (UK) Ltd Business Development Manager, said: "We believe that EuroSite Power will be a good partner with a strong value proposition and knowledge of the CHP technology. Having formed the agreement with EuroSite Power, we are soon looking to start piloting projects under a solution which has been used successful in Denmark for a number a years."
Paul Hamblyn, Managing Director of EuroSite Power, said: "DONG Energy Sales is a major force in the UK gas market and we are very pleased to have entered into this agreement, which has huge potential benefits for both companies as well as DONG's customers."
About Dong Energy
DONG Energy Sales, formerly Shell Gas Direct, began operations in 1989 and supplies gas to UK businesses across a variety of industries. DONG Energy Sales was formed in May 2012 following an integration with DONG Energy - one of the leading energy groups in Northern Europe. The company currently has over 11% by volume of the Industrial and Commercial (I&C) gas market share in the UK, making it the third largest supplier to the UK I&C market.
About EuroSite Power
EuroSite Power Limited is a subsidiary of American DG Energy Inc. (NYSE MKT: ADGE). Both companies supply low-cost energy to their customers through distributed power generating systems. The Company is committed to providing 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 – through its On-Site Utility energy solutions. EuroSite Power is based in Ealing, West London. 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.
SOURCE EuroSite Power Inc.