US on-site energy equipment supplier to healthcare, housing and athletic facilities, American DG Energy has commissioned a study to determine the feasibility of expanding into European markets. The Alturki Group will fund the investigation in exchange for an equity stake in a new subsidiary of American DG Energy that would be formed, should the study prove positive.
The study will initially focus on selecting which European countries are the best match for the American DG Energy CHP systems and ‘on-site utility’ business model. The criteria will consist of such items as local energy costs, construction costs, market size, regulatory and environmental conditions, incentives, availability of suitable partners and competitor analysis. If the opportunity is deemed attractive, the study will then conclude with a business plan which would be the foundation for a subsidiary dedicated to serving the European market.