EuroSite Power Working to Reduce Energy Costs with the NHS
On-Site Utility solution commissioned at Clifton Hospital
Wednesday May 7th 2014
LONDON, UK. – May 07, 2014 – 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, is now operating a 100kW combined heat and power (CHP) system at Clifton Hospital, UK.
Blackpool Teaching Hospitals NHS Foundation Trust signed a contract to replace their aged CHP installation at Clifton Hospital in December 2013. The newly commissioned 100kW CHP system at Clifton Hospital will generate approximately 1,745,283 kWh of total energy per annum while saving up to 208 tonnes of CO2 each year. The agreement will provide EuroSite Power with revenue estimated at approximately 1.7 million GBP (US$2.86 million) over the life of the contract.
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 Blackpool Teaching Hospitals NHS Foundation Trust has already started saving.”
Paul Jackson, Estates Manager-Engineering, Blackpool Teaching Hospitals NHS Foundation Trust, 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.”