EuroSite Power Enters Partnership with DONG Energy, formerly Shell Gas Direct
The New Partnership Will Help DONG Energy Customers Improve Energy Efficiency With CHP
Tuesday January 15th 2013
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, has entered into a partnership with DONG Energy Sales, formerly Shell Gas Direct.
Forming part of DONG Energy’s strategy, the agreement will see DONG Energy Sales working with EuroSite Power as a way of improving energy efficiency and reducing carbon footprint for its customers using Combined Heat and Power (CHP) solutions. DONG Energy's intention is to launch solutions supporting the climate strategy of major corporations in the UK through energy efficiency projects, renewable investments and corporate & social
Magnus Larsen, DONG Energy Sales (UK) Ltd Business Development Manager, said: "We believe that EuroSite Power will be a good partner with a strong value proposition and knowledge of the CHP technology. Having formed the agreement with EuroSite Power, we are soon looking to start piloting projects under a solution which has been used successful in Denmark for a number a years."
Paul Hamblyn, Managing Director of EuroSite Power, said: "DONG Energy Sales is a major force in the UK gas market and we are very pleased to have entered into this agreement, which has huge potential benefits for both companies as well as DONG’s customers."
About Dong Energy
DONG Energy Sales, formerly Shell Gas Direct, began operations in 1989 and supplies gas to UK businesses across a variety of industries. DONG Energy Sales was formed in May 2012 following an integration with DONG Energy - one of the leading energy groups in Northern Europe. The company currently has over 11% by volume of the Industrial and Commercial (I&C) gas market share in the UK, making it the third largest supplier to the UK I&C market.