American DG Energy (NYSE MKT: ADGE) to Provide Greener On-Site Utility Systems
Already Lowering Carbon, Systems will Now Dramatically Reduce Poisonous Emissions
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WALTHAM, Mass. - October 7, 2013 (Investorideas.com renewable energy stocks newswire) American DG Energy Inc. (NYSE MKT: ADGE), a leading On-Site Utility, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and athletic facilities, today announced that its primary supplier of equipment was recently awarded a patent for lower emissions on all of their combined heat and power (CHP) and chiller systems.
American DG Energy will be able to offer both its existing and new On-Site Utility customers tighter emission controls to further reduce CO and NOx emissions on its Tecogen products. This will provide the company with an advantage in locations that are mandating lower emissions. On-Site CHP and chiller systems are a cleaner energy option that offer significant environmental benefits. Heat that would otherwise be wasted by typical electricity production is captured and utilized as domestic hot water, space heat and electricity. Utilization of these systems greatly reduce carbon emissions output, sulfur dioxide output is nearly eliminated and nitrogen oxide emissions are dramatically reduced creating a greener environment.
American DG Energy owns and operates combined heat and power (CHP) systems, chillers, heat pumps and boilers that produce energy in the form of domestic hot water, space heat and electricity. Customers only pay for the energy used at a guaranteed lower cost than that provided by local utilities and avoid all associated capital, installation, and operating costs.
"Cleaner emission controls being added to our systems will broaden the appeal of our services for customers seeking the cleanest engines on the market and keep the company ahead of government regulations." said John N. Hatsopoulos, Chief Executive Officer of American DG Energy. On-Site Utility
American DG Energy 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 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 and operating expenses are paid by American DG Energy.
About American DG Energy
American DG Energy supplies low-cost energy to its 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 local utilities – without any capital or start-up costs to the energy user – through its On-Site Utility energy solutions. American DG Energy is headquartered in Waltham, Massachusetts. More information can be found at www.americandg.com.
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.
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