LONDON, UK. – March 27, 2014 – EuroSite Power Inc., (OTCQB: EUSP) an On-Site Utility solutions provider, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and leisure centres in the United Kingdom (UK) and Europe, is now operating a 100kW combined heat and power (CHP) system at Bury St Edmunds Leisure Centre in Suffolk, UK. The agreement will provide an estimated at 2.2 million GBP (US$3.6 million) over the life of the contract.
Abbeycroft Leisure is already enjoying the benefit of EuroSite Power’s guaranteed low price, low carbon energy at their Haverhill Leisure Centre site and signed a contract to replace their aged CHP installation at Bury St Edmunds in July 2013. The newly operational 100kW CHP system at Bury St Edmunds will generate approximately 1.6GWh of total energy per annum while saving up to 240 tonnes of CO2 each year.
Commenting on the announcement, Paul Hamblyn, Managing Director of EuroSite Power, said: “As we fund the installation and operation of our On-Site Utility solutions the customer starts saving from the very first day of operation so Abbeycroft Leisure has already started saving. Of course they have already permanently lowered energy costs at their Haverhill site following the installation of one of our systems and with Bury St Edmunds now operating they can look forward to reduced operating costs here too.”
Simon Ginders-Coxshall, Operations Director of Abbeycroft Leisure and Anglia Community Leisure said: “Like any business we need to keep our operating costs under control and as energy prices continue to rise we needed to find a solution to keep these rises under control too. EuroSite Power’s combination of zero upfront capital cost with pay-as-you-go energy has proven the ideal solution.”