This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

EuroSite Power To Supply Clean Energy To The Doubletree By Hilton Dunblane Hydro Hotel

Stock quotes in this article: ADGE

WALTHAM, Mass., April 12, 2012 /PRNewswire/ -- EuroSite Power Inc., an On-Site Utility, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and leisure centers in the United Kingdom (UK) and Europe, today announced that it has extended its agreement with The Ability Group by adding a contract to supply clean energy to the Doubletree by Hilton Dunblane Hydro hotel.

The hotel is amongst the finest of Scottish hotel destinations and offers breathtaking views of the Trossachs. Under the terms of the thirty-year agreement, the Company will install and operate a combined heat and power (CHP) system which will produce up to 200 kW of power or approximately 1.63 MWh of total energy per year. The Ability Group will receive a discount on the energy produced by the CHP system and reduce its carbon emissions from the property. The value of the agreement to the Company is pounds Sterling 4.1 million.

"In 2012, EuroSite Power has already booked an estimated 8.1 MWh of total energy per year for an approximate total revenue value of pounds Sterling 16.5 million over the term of the contracts," commented Paul Hamblyn, Managing Director of EuroSite Power. "We are very excited that customers have recognized the value of our standard On-Site Utility solution, as we now offer it across the UK and Europe."

EuroSite Power will produce clean energy in the form of electricity, heating and domestic hot water for both Dunblane Hydro's health and fitness center and main hotel building at a price lower than The Ability Group's current and future energy suppliers. Because The Ability Group opted for the Company's On-Site Utility solution, the hotel will pay only for the energy used and will avoid all capital, installation and operating costs. The Company will also handle all service, maintenance and repair; therefore, neither The Ability Group nor Hilton Worldwide will need to provide manpower to support the energy equipment.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,816.17 -226.73 -1.33%
S&P 500 1,948.55 -23.74 -1.20%
NASDAQ 4,425.1710 -68.2190 -1.52%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs