Atlantic Energy Solutions Exceeds Expectations for Co-Generation Project
26 Agosto 2008 - 8:10AM
Business Wire
Atlantic Energy Solutions, Inc. (OTC:AESO) is pleased to announce
that its guaranteed savings projections for the Fonda-Fultonville
School District have been exceeded by over 25%. The Co-Generation
project was the first off-grid Co-Generation plant approved by the
New York State Education Department and built by an Energy Services
Company (ESCO) in New York State. In addition, Atlantic Energy
Solutions was able to help provide the school district with a grant
of over $500,000 from the New York State Energy Research and
Development Authority (NYSERDA). Tim Brock, CEO, of Atlantic Energy
Solutions, stated, �As a result of the sharp increase in utility
rates over the last several years, businesses have been
aggressively searching for new ways to become energy efficiencient.
Co-generation plants have emerged as a cost-effective alternative,
resulting in thousands of dollars in savings�. Mr. Brock went on to
say, �The most gratifying part for my job is to see such huge
savings realized for each and every one of our customers.� In the
Fonda-Fultonville project, Atlantic Energy Solutions installed four
330KW gas driven generators that produce 100% of the school�s
electrical needs. This enables the school to produce 100% its own
electricity and frees them from being connected to the local
utility electric grid. The heat that is generated from the units is
recycled into the facility�s heating and cooling systems, resulting
in an additional 55% savings on its total energy budget. The Co-Gen
units, manufactured by Cummins Inc. (NYSE:CMI) and the control
system, manufactured by Invensys (OB:IVNSY), produce electricity
from natural gas while simaltaneously providing heating and cooling
for the buildings as well as heating the pool year around, saving
the district thousands of dollars annually. In addition, this
system continues to operate when local utility power is lost. For
example, in the spring of 2007, when this area was flooded and lost
power, the school was able to maintain power and acted as an
emergency shelter for the affected community. Atlantic Energy
Solutions is also working in collaboration with Evolution Solar
Corp. (PK:EVSO) on a Phase II project for the school that will
provide a unique solar system to integrate with the Co-Generation
system. Bob Kaapke of Evolution Solar, said �we are looking forward
with great expectations to working with Atlantic Energy Solutions
on this and many more joint ventures with Atlantic Energy Solutions
in the years to come.� About Atlantic Energy Solutions Inc.
Atlantic Energy, founded in 1992, is a globally accredited Energy
Efficiency and Resource Company and member of NAESCO
(www.Naesco.org) that identifies, implements and finances energy
efficiency projects designed to improve the overall efficiency of
energy, water usage and renewable resources, reducing our
dependency on foreign oil and diminishing our carbon footprint.
Headquartered in Saratoga Springs, NY and with a satellite office
in Fairfield, NJ, Atlantic Energy Solutions assesses the energy
demands and usages of municipal, corporate and industrial complexes
to improve conservation and apply measures to boaster savings at
the consumer level. This press release contains statements, which
may constitute "forward-looking statements" within the meaning of
the Securities Act of 1933 and the Securities Exchange Act of 1934,
as amended by the Private Securities Litigation Reform Act of 1995.
Those statements include statements regarding the intent, belief or
current expectations of Atlantic Energy Solutions Inc., and members
of its management as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Important factors currently known to
management that could cause actual results to differ materially
from those in forward-statements include fluctuation of operating
results, the ability to compete successfully and the ability to
complete before-mentioned transactions. The company undertakes no
obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results.
Atlantic Energy Solutions (PK) (USOTC:AESO)
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Atlantic Energy Solutions (PK) (USOTC:AESO)
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