Derby, UK – November 16, 2023 — EuroSite Power, a leading provider of sustainable energy solutions today announced a collaboration with Technology company ENTRNCE to develop the Carbon Monitor: a unique data platform that calculates the half-hourly carbon footprint of onsite combined heat and power (CHP) versus conventional methods of heat & grid electricity. The tool is the first of its kind and proves CHP’s continuing role as an energy transition technology.

The Carbon Monitor is to be developed by ENTRNCE in cooperation with EuroSite Power to help estates and energy professionals make the sustainable business case for maintaining their existing CHP systems or opting for new CHP as part of EuroSite Power’s On-Site Utility Solutions. It is currently exclusively licensed to EuroSite Power.

How the Carbon Monitor works

Grid carbon intensity varies hour by hour, due to the intermittency of renewables such as solar and wind and the varying supply from fossil generators. Until now, comparing the carbon footprint of onsite CHP with grid electricity has been inaccurate, and relied upon average grid carbon intensity figures.

The Carbon Monitor is a web-based data platform which captures real-time data on the GHG emissions produced by a CHP in operation, every 30 minutes. It then compares this with the actual carbon intensity of the grid during those times. It shows the number of half-hourly periods when the CHP in operation was cleaner – or dirtier - than the grid. Estates decision makers get a clear picture of the total carbon saved when the CHP unit was operating. They can also make predictions based on real historical data, to make the business case for new CHP.

CHP as an energy transition technology

CHP is a highly efficient method of generating electricity and heat simultaneously. It is a process that captures the heat that is produced by the generation of electricity and uses it to heat buildings or as part of an industrial process.

The CHP is much more efficient than traditional power generation, which often wastes heat by simply releasing it into the atmosphere. It is a particularly cost-effective solution for sites with a high heat demand such as hotels and leisure facilities, hospitals and industrial processes.

Although conventional CHP operates using natural gas as a fuel source, the Carbon Monitor shows which times of the day it is still less carbon-intensive than receiving electricity from the grid, which, depending on the time of day, can still have a high proportion of fossil fuel sources.

The Carbon Monitor also eases the burden of GHG reporting and futureproofs sustainability managers against greater scrutiny over their emissions calculations.

Paul Hamblyn, Chief Operating Officer and Managing Director of EuroSite Power says:

“There is no silver bullet to reaching net zero – and with a plethora of onsite decarbonisation and generation solutions on the market, it’s important to us that the carbon-saving credentials of all technologies are backed by independent, robust data. CHP will continue to play a crucial role as an energy transition technology and we’re delighted to be partnering with ENTRNCE to demonstrate this, using the Carbon Monitor.”

Jaron Reddy, UK & Ireland Manager at ENTRNCE says:

“The clean energy transition won’t happen overnight, but it will accelerate if we can help energy users understand the true carbon footprint of their onsite generation assets. The Carbon Monitor gives an accurate picture of how well CHP performs – giving estates directors the transparency they need to make informed decisions on energy investments. Besides that, there is a strong case for hydrogen & CHPs. Organisations can use the Carbon Monitor to check the progress they are making in decarbonising their assets.”

For Estates managers considering CHP or seeking to understand the performance of existing CHP assets, visit https://www.eurositepower.co.uk/. CHP solution providers should contact www.ENTRNCE.co.uk for a demo of the Carbon Monitor.

On-Site Utility

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

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.

FORWARD-LOOKING STATEMENTS

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 financial statements held by OTC markets for the fiscal year ended December 31, 2022. 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.