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American DG Energy Earns EPA and DOE Recognition
American DG Energy Receives 2008 Energy Star CHP (Combined Heat and Power) Award
WALTHAM, Mass. - May 22, 2008
American
DG Energy Inc. (OTC.BB:ADGE), a leading On-Site Utility offering clean electricity, heat, hot water and cooling to hospitality, healthcare, housing and athletic facilities, was honored with a 2008 Energy Star CHP (Combined Heat and Power) Award by the US Department of Energy (DOE) and Environmental Protection Agency (EPA) for the pollution reduction and energy efficiency qualities of its CHP project at the Westfield YMCA, located in Westfield, NJ. The 140 kW system simultaneously supplies electricity and heat which is used for domestic hot water production for showers and heat for swimming pools.
“As we were previously honored by the EPA for the combined emissions reductions of all our CHP projects, we are pleased to be recognized by the EPA for this individual project,” stated John Hatsopoulos, Chief Executive Office of American DG Energy. “By our own estimates, this single 140 kW CHP system can offset CO2 emissions equivalent to planting 70 acres of trees or eliminating the emissions of over 40 cars.”
To be recognized, a project must meet EPA criteria for efficiency and fuel savings and make outstanding contributions to reducing greenhouse gas emissions from energy production. American DG Energy’s Westfield YMCA CHP Project received the 2008 Energy Star CHP Award because it reduces CO2 emissions by approximately 255 tons per year and uses 21 percent less fuel than comparable, state-of-the-art separate heat and power generation. CHP is an efficient, clean and reliable approach to generating both power and thermal energy from a single fuel source.
About American DG Energy
American DG Energy (OTC.BB:ADGE) supplies low-cost energy to its customers through distributed power generating systems. The company is committed to providing institutional, commercial, and small industrial facilities with clean, reliable power, cooling, heat and hot water at lower costs than charged by local utilities – without any capital or start-up costs to the energy user. American DG Energy is headquartered in Waltham, Massachusetts. More information can be found at www.americandg.com.
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FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Important factors could cause actual results to differ materially from those indicated by such forward-looking statements, as disclosed on the Company’s website and Securities and Exchange Commission filings. This press release does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes. The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its web site or otherwise. The Company does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
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