American DG Energy, which
has devised a superb business model based around on-site clean energy
generation (On-Site Utility) and a zero-capital implementation, announced
another win today as agreements have been reached with Sunstone Hotel Investors
Incorporated to handle the conversion and install work needed to execute an
exceptionally clean generation/CHP system (combined heat and power, also called
also called cogeneration or distributed generation) for the only all-suite
hotel smack in the heart of Broadway, the DoubleTree Suites by Hilton New York
City – Times Square (460 two-room suites).
This is a high profile plant
conversion and new hardware install job that will feature a 200 kW CHP system,
in addition to the five boiler (2 million BTU’s each) generation core, based on
natural gas and equipped with two 500-ton chillers. The quality of the
feasibility study done by ADGE was key to their selection and these agreements
should bring in some $1.3M in revenues this year for the company, as well as
saving the DoubleTree Suites what are anticipated to be significant energy
outlays for what is an extremely popular, high-occupancy property.
Not only will this
conversion/install free the location of dependence on electricity and utility
steam, the enhanced performance characteristics will also improve guest comfort
while offsetting some 2.2k tons or more of carbon annually, bringing down
energy costs and environmental impact simultaneously. ADGE will also provide
maintenance for the CHP system as per their usual service envelope and will
supply the key technical oversight needed to get the overall hardware
implementation right, taking the conversion/install job from feasibility
through to engineering and operations.
This is a good deal for
ADGE’s reputation within the industry in general and Sunstone Hotel Investors
(enterprise value of approximately $3.8B), which has interests in 29 hotels
(over 13.7k rooms) in all, is a very promising relationship for the company to
be cultivating. Senior VP of Design and Construction for Sunstone Hotel
Investors, W. Guy Lindsey, praised the On-Site Utility model ADGE has developed
for hardware efficiency, as well as making the decision to upgrade an easy one,
considering the fact that all the hotel has to really do is buy the energy.
This lightweight, easy choice model has proven to be extremely successful for
ADGE when it comes to landing new customers and investors should check out how
attractive this solution set is for a wide variety of businesses like hotels
and other hospitality or housing outfits, as well as operations like athletic
facilities and healthcare centers.
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