EuroSite Power Inc. engages in the distribution, ownership, and operation of on-site energy systems that produce electricity, hot water, heat and cooling in the United Kingdom. The company calls this business the EuroSite Power ‘On-Site Utility’.
The company has two affiliated companies, Tecogen Inc. (Tecogen) and Ilios Inc. (Ilios). Tecogen is a manufacturer of combined heat and power products (CHP), including natural gas engine-driven cogeneration and air conditioning systems for industrial a...
EuroSite Power Inc. engages in the distribution, ownership, and operation of on-site energy systems that produce electricity, hot water, heat and cooling in the United Kingdom. The company calls this business the EuroSite Power ‘On-Site Utility’.
The company has two affiliated companies, Tecogen Inc. (Tecogen) and Ilios Inc. (Ilios). Tecogen is a manufacturer of combined heat and power products (CHP), including natural gas engine-driven cogeneration and air conditioning systems for industrial and commercial use. Ilios is a subsidiary of Tecogen that was formed to develop and distribute a line of heating products, such as a high efficiency water heater for commercial and industrial applications utilizing advanced thermodynamic principles. As of December 31, 2015, the company operated 29 energy systems, at 27 locations in the United Kingdom.
Energy and Products Portfolio
The company provides a range of CHP product and energy options, including energy sales, such as electricity and thermal (hot water, heat, and cooling); energy producing products, such as cogeneration packages, chillers, natural gas heat pumps, complementary energy equipment (boilers, etc.), and alternative energy equipment (solar, fuel cells, etc.).
Energy Sales
The company finances, installs, maintains, owns and operates complete on-site CHP systems that supply electricity and other energy services on a long-term, contractual basis.
Sales and Marketing
The company’s On-Site Utility services are sold directly to end-users by its in-house marketing team and by established sales agents and representatives. The company offers standardized packages of energy, equipment and services suited to the needs of property owners and operators in healthcare, hospitality, large residential, athletic facilities, certain industrial sites, and schools. This includes national accounts and other customer groups having a common set of energy requirements at multiple locations.
Competition
In the United Kingdom, the company primarily competes with Veolia Cogeneration Limited, an alternative energy company with customers in the 50-500 kW range; ENER-G Holdings plc; and Clarke Energy UK, a dealer for Jenbacher and a subsidiary of General Electric Company.
History
EuroSite Power Inc. was founded in 2010. The company was incorporated as a Delaware corporation in 2010.