AmericanDG Enters Distributed Generation Market
AmericanDG (Waltham, MA) marked its entry into the market for small-scale, on-site, distributed power generation with its first agreement to supply energy through a new business model. Under the terms of the agreement, AmericanDG will be the majority owner of a limited-liability partnership that has been formed to provide electricity and hot water from a cogeneration facility that AmericanDG will install and operate to the Resort Nursing Home in Arverne, NY. The partnership also includes AES-NJ Cogen Co. Inc. (New Jersey).
"We're very pleased to have an agreement with a top-rated nursing facility like Resort," said Barry Sanders, president of AmericanDG. "They will benefit from the energy cost-savings we deliver, right from the first day of service. And our high-quality service will also benefit the whole community, since the energy we provide is very environmentally friendly as well."