American DG Energy is now operating a 100kW combined heat and power (CHP) system with convenience back-up power at Prospect Park Residences in Brooklyn, NY. The revenue value of the agreement is $1.9 million over the fifteen-year term.
American DG Energy owns, operates and maintains the CHP system which is now producing space heat and domestic hot water at a discounted rate over that supplied by local utilities. The CHP system also has the unique ability to provide convenience back-up power at no additional cost to Prospect Park Residences. CHP systems offer significant environmental benefits that provide cleaner energy.
Typical electricity consumption generates a wasted heat by-product. This wasted heat is captured by the CHP system and converted into usable energy utilized as space heat and domestic hot water. Prospect Park Residences will reduce their carbon emissions by approximately 423 tons per year, or the equivalent of CO2 emissions removed by eliminating 88 vehicles per year from the roadways from the utilization of the CHP system.
When their old generator needed to be replaced, Prospect Park Residences was left without back-up power and they were seeking ways to pay for the replacement. American DG Energy's installation of a 100kW CHP system with convenience back-up power solved their need for an affordable solution with no capital outlay, and no installation or maintenance costs.
Prospect Park Residences is a full service senior living community with a commitment to service with "Senior Care You Can Count On."
