American DG Energy is to provide an on-site energy solution to the Luna Park Housing Corporation in Brooklyn, New York. Luna Park will receive a portion of its energy from five 100 kW CHP systems and all of their domestic hot water from five hot water heaters. The systems will be owned and operated by American DG Energy.
American DG Energy will produce space heat and hot water for all five buildings within the Luna Park complex. Luna Park will pay only for the energy used by the facility and avoid all capital, installation and operating costs of the systems. American DG Energy says the deal will be worth around $20,800,000 over the 15 year contract..
Luna Park Housing Corporation, once the home to the landmark Luna Park amusement park, is a residential complex consisting of five buildings with 1,600 units and is home to approximately 6,000 residents. American DG Energy sells the energy produced from an onsite energy system to an individual property as an alternative to the outright sale of energy equipment.
On-Site Utility customers only pay for the energy produced by the system and receive a guaranteed discount rate on the price of the energy. All system capital, installation and operating expenses are paid by American DG Energy while the CHP systems will offset 2,047 tons of carbon annually.
For more on-site power news