WALTHAM, Mass., Dec. 10, 2013 /PRNewswire/ -- EuroSite Power Inc., (OTCQB: EUSP) 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, announced that it has signed a new contract worth 2.46 million GBP ( $4.03 million US) with Crow Wood Leisure to provide an On-Site Utility solution to its leisure club, luxury spa and restaurant in Burnley, Lancashire.
Under the terms of the agreement signed with Crow Wood Leisure, EuroSite Power will install and operate a combined heat and power (CHP) system at the club. The new 200kW CHP system will generate approximately 2,532,178 kWh of total energy per annum while saving up to 450 tonnes of CO2 each year - equivalent to taking 93 cars off the road each year. The addition of this agreement brings the total electrical capacity of systems currently on contract to 2,128 kW with a combined contract value now exceeding 38 million GBP.
Andrew Brown, Owner and Director of Crow Wood Leisure said: "EuroSite Power's offer was compelling - no upfront investment from us and the club only pays for the energy used. We also avoid the operating and maintenance costs of the CHP system and, best of all the energy produced is priced lower than existing and future utility costs providing immediate and on-going cost savings to the operation. With the operation of an On-Site Utility, the club is now also contributing to the quality of the environment with its reduction in carbon emissions."
Overlooked by Pendle Hill, famous for its tales of witches, sorcery and black magic in the 17th-century, Crow Wood is set on 100 acres of pasture and woodland within the heart of Burnley creating a unique facility based on quality, providing a range of fitness, leisure and sporting activities. Established in 2001 this prestigious club has proved to be a huge success with its customers who continue their memberships year after year.CHP systems are a cleaner energy option, offering considerable environmental benefits when compared with electricity from the grid and conventional boiler systems. Recognized as a low carbon technology, the system will reduce the club's CO2 emissions which, in turn reduces the impact of taxes such as the Climate Change Levy. The system will also provide additional security to the site as the CHP system will be configured to supply standby power in the event of a power outage.