American DG Energy [NYSE: ADGE] offers customers a simple way of producing energy on-site to improve their bottom line by reducing the cost of electricity, heat, hot water, and cooling. American DG Energy’s solution for on-site power generation provides a continuous source of funds that can be invested in other aspects of the business, and requires no capital outlay or maintenance efforts.
In addition to monetary gains, American DG Energy enables businesses to position themselves as environmentally responsible corporate citizens. SNNLive spoke with Barry J. Sanders, President and COO of American DG Energy, Inc. at the Aegis Capital Corp. Healthcare & Technology Conference 2014 in Las Vegas, NV.
“American DG energy is a company that basically changed the paradigm of energy equipment. Instead of customers buying energy equipment for the building, we own it, we operate it and we own it for 15 years, so they save money and we get a great cash flow for those 15 years,” begins Mr. Sanders.
He goes into more detail about the kinds of equipment that are being used, “We basically use both very innovative energy equipment and actually some very common equipment. Most innovative equipment we use is called combined heat and power. What combined heat and power does it basically makes electricity and hot water simultaneously."
Mr. Sanders continues, “The process of making electricity always has a byproduct of heat, the problem for that is that for a power plant it’s 500 miles away, you throw away the heat. If we now put the technology that makes electricity into a building, we can now utilize that heat and sell right to the hotel.”
The scope of the technology reaches not just hotels, but also “nursing homes, a lot of healthcare, hospitals, we do a lot of multi-family residentials, apartment buildings, co-ops, in low-income and high-income universities, Institutions.”
Mr. Sanders explains that one of the many benefits for a company to use American DG is, “capital avoidance, the traditional model is they have to use their own capital or worse – have to go borrow money and eats up their debt capability,” he adds, “we do sell the energy at a lower price, so clearly they save money.” For more information, check out their website at http://americandg.com/
© 2017 Stock News Now
Supported by Superior Web Solutions