American DG Energy Inc. (NYSE Amex: ADGE), a top On-Site Utility, offering clean electrical energy, heat, hot water and cooling solutions to hospitality, healthcare, housing and athletic facilities, has reached an agreement to provide clean power towards the Doubletree Hotel Tarrytown, situated in Tarrytown, New York. Under the terms in the agreement, the Doubletree, will quickly receive a substantial portion of its power from a one hundred kW mixed heat and power (CHP) program, that will be owned and operated by American DG Energy. The hotel will receive a discount on the energy created by the CHP program and reduce its emissions by 403 tons of carbon dioxide yearly. The worth of the agreement towards the Business is $2 million over the fifteen-year term.
American DG Power will create clean energy within the type of electricity, space heat and domestic hot water in the Doubletree and offer it towards the hotel at a cost lower than the local energy utility. Because the hotel opted for your Company's On-Site Utility energy solution, the Doubletree will spend only for the power used and will avoid all capital, installation and operating costs. The power will probably be created with small-scale, mixed heat and energy gear, located in the property site but owned and operated by American DG Energy. The Company will also handle all service, upkeep and repair; consequently, Doubletree won't have to offer manpower to support the power equipment.
CHP systems provide considerable environmental advantages when compared with bought electricity and on-site-generated heat from a boiler. By capturing and using heat that would otherwise be wasted from the production of electricity, CHP systems require less fuel than equivalent separate heat and energy systems to produce the same quantity of power. Because less fuel is combusted, greenhouse gas emissions, such as carbon dioxide, also as air pollutants like nitrogen oxides and sulfur dioxide, are decreased. In the Doubletree Hotel Tarrytown the CHP system to become installed is anticipated to reduce the property's emissions by 403 tons of carbon dioxide each year. This reduction is equal to getting rid of the carbon emissions of 67 vehicles each year.*
*Figures were calculated using the EPA CHP Partnership emissions calculator.
The CHP program planned for the Doubletree will probably be comprised of a 100 kW InVerde program which has back-up power capabilities and has recently been granted the new air emissions certification in the New Jersey Department of Environmental Protection (NJDEP). This certification eliminates the procedure of applying for pre-construction operation certification and air permits before installation that will save time and money on implementing tasks.