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Created: 11/28/2013 01:19:58 AM - Followers: 10 - Board type: Free - Posts Today: 0
EuroSite Power Announces Offering of $4.0 Million Senior Unsecured  Convertible Notes - Eurosite Power Inc. - June 18, 2013


https://www.eurositepower.co.uk/


In 2015 Based on smaller numbers and similar Share Structure, a buy recommendation for EuroSite Power Inc. had a

Price Target of US $2.74, Assets Increased, Liabilities Decreased and Revenues/EBITDA are Stronger




ABSOLUTELY NO CONVERTIBLE DEBT

ABSOLUTELY NO DILUTION

PENNY STOCK EXEMPT


100,000,000 AUTHORIZED SHARES

82,265,056 OUTSTANDING SHARES

49,692,486 RESTRICTED SHARES

15,792,082 FLOAT 


$12,015,938 in Assets vs. $1,987,472 Liabilities

Total Stockholders’ Equity 10,028,466

$2,199,356 Revenues for 9 Months

Adjusted EBITDA $71,387



 

Under the terms of EuroSite Powers innovative 15 year On-Site Utility agreement the Club Company will benefit from high efficiency CHP systems that will provide energy in the form of heat and electricity at five of their Country Clubs. This energy is provided at a guaranteed lower rate than if the facility were to buy directly from the utility. With the final system now installed The Club Company will be able to benefit from up to 5,517,486 kWh of their annual energy needs using these on-site systems, giving them an estimated annual energy cost savings over 78,000 (US$108,000), with no capital or maintenance costs.

 

Press Release | 03/11/2021

Providing a lifetime revenue to EuroSite Power of approximately 5 (US$7) million, the contract brings EuroSite

Power's portfolio of operational systems in the UK to 48 with a value to the company of 74.7 (US$103.85) million

from units totalling 6,012kW electrical capacity.

 

 
EuroSite Power Inc. 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 conventional energy suppliers - without

any capital or start-up costs to the energy user - through On-Site Utility™ energy solutions. 


 
EuroSite Power Inc., (the "Company", we, our, or us), distributes, owns and operates clean, on-site energy systems that produce electricity, hot water and heat and cooling in Europe, principally within the United Kingdom. We provide comprehensive power purchase style thermal and power generation solutions to our customers.
These solutions include equipment installation as well as operation and ongoing maintenance under multi-year service agreements at no upfront cost to the customer. We own and operate the equipment that we install at customers' facilities and sell the energy produced by these systems to the customers on a long-term contractual basis at prices guaranteed to the customer to be below conventional utility rates.

We call this business the EuroSite Power “On-Site Utility” model.



Our On-Site Utility supplies electricity, heat, hot water and cooling at a discounted price to commercial and industrial customers such as healthcare facilities, hotels, large multi-family residential buildings, leisure centers, industrial buildings, schools and colleges. The Company’s natural gas-powered cogeneration systems produce electricity from an internal combustion engine that drives a generator, while the heat from the engine and exhaust is recovered and OTC Markets Group Inc. OTC Pink Basic Disclosure Guidelines (v2.1 December 2019) Page 9 of 13 typically used to produce heat and hot water for use at the site. The Company also offers highly-efficient gas engine driven heat pumps and water chiller systems for building heating and cooling applications that operate in a similar manner, except that the engine’s power drives a compressor while recovering heat from the engine for hot water. To date, the Company has delivered On-Site Utility solutions based cogeneration plus a single heat pump system at one customer facility. Cogeneration systems reduce the amount of high-cost electricity that the customer must purchase from the local utility, and produce valuable heat and hot water for the site to use as required. By simultaneously providing electricity, hot water and heat, cogeneration systems have a significant, positive impact on the environment by reducing carbon dioxide, or CO2, emissions as compared to the CO2 produced by making these forms of energy separately. System redundancy is also enhanced because the customer remains connected to the electric grid and retains their existing boilers. Therefore, if either the grid or our equipment were to experience failure, neither instance would result in a power outage for the customer. Our Principal Market is the United Kingdom. The Company’s Joint Venture (“JV”) operation in Greece supplies natural gas both on-grid and off-grid using innovative liquid natural gas (LNG) supply chains including LNG bunkering services for shipping. On-site generation using natural gas fueled Combined Heat and Power (CHP) solutions supplied under On-Site Utility agreements are also sold.


 

COMBINED HEAT AND POWER PLANT ENERGY SOLUTIONS UK

We offer the hospitality industry an easy way to protect against rising energy prices.
Taking control of operating costs is critical for large and smaller hotel groups. A demand for a reliable energy supply – 24/7 – is coupled with concerns about future price hikes.

 

It’s clear new ways to deliver long-term cost control and energy efficiency are needed. That’s where we can help.

Our CHP solutions produce electricity, heat, hot water and cooling to meet 24/7 demand as well as peak surges.

You only pay for the energy you use. We finance, operate & maintain the system over the lifetime of the agreement.

Your energy bills are guaranteed for the life of the agreement - whatever happens to tariffs in the future.

MEET EUROSITE POWER

We offer no-risk, fully funded combined heat and power plant energy solutions that help businesses harness the long-term commercial and environmental benefits of on-site energy generation.

 

NO UPFRONT INVESTMENT& NO-RISK

No CapEx is required and all technical, operational and commercial risk is covered by us

ENERGY PRICE PROTECTION

Start saving from day 1 – enjoy a guaranteed discount against current and future energy prices

REDUCED TAXATION

Our solution provides exemption from carbon taxes and maximises available incentives

OPERATIONAL EXCELLENCE

We take responsibility for the operation, maintenance & performance over the lifetime of the assets

HOW WE WORK

Our four-stage process enables you to take advantage of On-Site Utility and start your journey to long-term savings as quickly and simply as possible.

1.EVALUATION

We undertake a site audit; and select the right system for your energy needs.

2.INSTALLATION

A project plan is agreed; the work is carried out with minimal disruption to you.

3.OPERATION

The system runs seamlessly with your existing tech: it is monitored by us 24/7.

4.OPTIMISATION

We maintain the system for its full life; and optimize it for optimum efficacy.

We are on a mission to minimise energy costs and environmental impact using fully funded innovative energy solutions

What sets us apart?

EXPERIENCE

we’re trusted by global brands & UK Government to provide long-term solutions to carbon reduction and security of energy prices.

FLEXIBLE

our business remains nimble and agile so we can be flexible to suit the needs of every kind of customer and every kind of need.

OPENNESS

we aim to be honest, open and transparent in our dealings with customers at all times; so you’re never left in the dark on the detail.

FAIRNESS

we value our customer partnerships; so our contracts are structured in a way that they are not unduly one-sided.

WHAT WE OFFER

We help you take control of current and future energy prices.

Our On-Site combined heat and power Utility solution is a fully-funded model that unlocks the benefits of on-site generation – without the need for CapEx or commercial risk. We also install, operate and maintain the assets over the course of their lifetime.


 

EuroSIte Power announces completion of final Club Company installation

Press Release | 03/11/2021

 

EuroSite Power Inc., (OTCQX: EUSP) an On-Site Utility solutions provider, offering clean electricity, heat, hot water and cooling solutions to healthcare, hospitality, housing and leisure centers in the United Kingdom (UK) and Europe, has now completed installation of the final of five combined heat and power (CHP) systems contracted with the Club Company. The five sites are located across the UK and will add 390kW to the Companys fleet of generation assets.

 

The Club Company owns and operate 15 Country Clubs in the UK, combining a traditional golf environment with state-of-art health & fitness facilities, 5 of the clubs have on site accommodation ranging from 7 to 56 bedrooms. They have won several prestigious Flame Awards (at both club and operator level) which recognise high levels of service within the health and fitness industry. The clubs c. 40,000 members can benefit from a variety of facilities, including gym, group fitness studios, swimming pools, wet spa, crche, health and beauty, tennis, championship golf courses, bar, restaurant and lounges with free Wi-Fi.

 

Under the terms of EuroSite Powers innovative 15 year On-Site Utility agreement the Club Company will benefit from high efficiency CHP systems that will provide energy in the form of heat and electricity at five of their Country Clubs. This energy is provided at a guaranteed lower rate than if the facility were to buy directly from the utility. With the final system now installed The Club Company will be able to benefit from up to 5,517,486 kWh of their annual energy needs using these on-site systems, giving them an estimated annual energy cost savings over 78,000 (US$108,000), with no capital or maintenance costs.

 

Providing a lifetime revenue to EuroSite Power of approximately 5 (US$7) million, the contract brings EuroSite Power's portfolio of operational systems in the UK to 48 with a value to the company of 74.7 (US$103.85) million from units totalling 6,012kW electrical capacity.

 

Club Company Director Paul Stephens said, "EuroSite Powers team worked with us to identify the clubs where we could benefit from adopting their On-Site Utility solution. Like all businesses cash flow is a vital concern so, with zero upfront costs, and immediate, guaranteed, risk-free savings, the EuroSite Power solution makes perfect sense. Coupled with the experience of the EuroSite Power team it made it a simple decision to sign the deal. Their experience in the hospitality industry showed through in the way they were able to swiftly tailor a bespoke technical and financial solution to maximise our savings."

 

Paul Hamblyn, Chief Operating Officer of EuroSite Power, added, "Despite the challenges of the pandemic all systems within our project backlog have now been commissioned increasing our operational fleet to 48 units. This project was made possible by the desire of the Club Company team to control their energy costs and our ability to work with them to deliver a tailored On-site Utility solution. This project shows that, as we move towards net zero, CHP can still deliver attractive long term savings for end users through its improved efficiency."

 

On-Site Utility (OSU)

EuroSite Power sells the energy produced from an on-site energy system to an individual property as an alternative to the outright sale of energy equipment. On-Site Utility solution customers only pay for the electricity or total energy produced by the system and receive either a guaranteed discount rate on the price of total energy or a fixed price for electricity. All system capital, installation, system maintenance and support are paid by EuroSite Power, and in the case of No Risk On-Site Utility solution customers all system fuel costs are also paid by EuroSite Power.

 
COVID Trading Update

Press Release | 02/19/2021

 

EuroSite Power Inc. (OTCPK: EUSP, the "Company") an On-Site Utility solutions provider, offering clean electricity, heat, hot water and cooling solutions to healthcare, hospitality, housing and leisure centers in the United Kingdom (UK) and Europe, today provided a trading update including detail of how the ongoing global COVID pandemic is affecting its business.

 

"2020 was a challenging year for many businesses but in many respects, it showed the value of our recurring revenue business model" explained Paul Hamblyn, Chief Operating Officer and Managing Director. "Although government restrictions meant the closure of many of our customers sites these sites still needed energy and so we were able to keep generating, albeit at a reduced output throughout the year. We were also able to continue construction activities, so we also grew our fleet in 2020.

 

Chief Executive Officer, Dr Elias Samaras added While we will not be publishing our 2020 results until the end of March I can tell investors that revenue was damaged by the pandemic, but despite this the UK company maintained a positive EBITDA throughout the year and also made a profit in six months of the year. In addition, through careful management of cash we ended the year with more cash in the bank than we had when the UK first locked down in March.

 

With UK government restrictions being reimposed early in January most hotels and all indoor fitness studios, gyms, swimming pools, spas and other indoor leisure centers together with outdoor leisure activities such as golf were forced to close. As a result, the Company confirmed that 24 of its 46 generation assets are now switched off however, the impact to day-to-day energy generation is currently limited to a reduction of around 30% due to the larger generation capacity of those units still able to operate and the effect of the colder winter weather. Daily electricity generation is currently averaging close to 40,000 kWh although the Company expects this to reduce should the current restrictions continue into the warmer spring months.

 

New business development, particularly within the Companys traditional hospitality, sports and leisure sectors was severely affected by COVID. Many projects in the pre lockdown pipeline failed to materialise as expected but there are signs that activity is now beginning to remerge within these sectors. In response to this downturn management refocused sales effort both on new sectors and an expanded offer including funded solar PV solutions and high efficiency chillers. It also took the decision to reduce staffing in the sales team; staff numbers will be increased once more when restrictions are eased and new business activity levels increase. In the meantime, the UK directors are spearheading sales activity.

 

The Companys also reports that project backlog was substantially reduced over the past few months with new systems becoming operational at four Club Company sites, the Brentwood Centre and at the Ricoh Arena, Coventry. These new systems added 735kW capacity to the fleet, further increasing the recuring revenue potential for 2021.

 

Elsewhere the Company was also able to identify a range of energy and carbon savings projects as part of its CHP Management Contract with Coca-Cola HBC Northern Ireland. In time the Company expects to receive orders to implement the projects identified and is also working with its customer to extend the scope of its current contract to other sites across Europe and elsewhere.

 

Management took advantage of all available government support including flexibly furloughing some staff using the Coronavirus Job Retention Scheme while claiming various one-off business grants. The Company also opted to take a low interest 100,000 ($139,000) government backed loan, the first year of which incurs no interest with repayments beginning in November 2021.

 

The Company plans to announce its 2020 financial results later in March and will issue a press release confirming the exact date and time of this announcement in due course.


American DG Energy American DG Energy, now Tecogen Inc. (Nasdaq-TGEN $1.72) can be considered the parent of EuroSite Power. It was founded in 2001, and basically has the same strategy as EuroSite Power, except that it offers its services in the United States. After American DG Energy was in operation for a few years, it spotted an opportunity to implement its business model in Europe. It did so by founding EuroSite Power. Today, American DG Energy owns approximately 25.7% of EuroSite Power’s outstanding common stock and it provides management oversight to the Company. A number of EuroSite Power shareholders are also shareholders of American DG Energy. Additionally, American DG Energy continues to guarantee certain debt obligations of the Company. Finally, American DG Energy has a related company, Tecogen Inc., which is a major equipment supplier to both American DG Energy and EuroSite Power. Competition EuroSite Power competes with utilities that provide electricity, with companies that provide similar services, and with other forms of alternative energy. Companies that provide similar services include Siemens AG, Honeywell International Inc. and Johnson Controls Inc. Because of their overhead structures, these companies often solicit large, diverse projects rather than individual properties. Because EuroSite Power focusses on much smaller projects solely for energy supply, these giants, in most cases, are potential suppliers of equipment and not competitors.



https://sec.report/otc/financial-report/157753/Small-Caps-Research-Company-Report.pdf


 

OUR CLIENTS AND PROJECTS

 
Coca-Cola - Wikipedia


 


 
Clifton Hospital, Lytham St. Annes
 

CLIFTON HOSPITAL

Case Study
 

THE ABILITY GROUP (HILTON HOTELS)

Case Study
 

CELTIC MANOR HOTEL

Case Study
 
EUROSITE POWER INC. - FORM 8-K - EX-99.1 - INVESTOR PRESENTATION, SEPTEMBER  2015 - September 3, 2015EUROSITE POWER INC. - FORM 8-K - EX-99.1 - INVESTOR PRESENTATION, SEPTEMBER  2015 - September 3, 2015EuroSite Power (@EurositePwr) | TwitterEUROSITE POWER INC. - FORM 8-K - EX-99.1 - INVESTOR PRESENTATION, SEPTEMBER  2015 - September 3, 2015EuroSite CHP system to power UK hotel - Power Engineering InternationalEuroSite Power Inc. (EUSP) Archives - Smallcaps Investment Research
 
 
EuroSite Power (@EurositePwr) | TwitterEuroSite Power (@EurositePwr) | TwitterEuroSite Power (@EurositePwr) | TwitterEuroSite Power (@EurositePwr) | TwitterOn-Site Utility Solutions To Be Provided Through TEDOM Dealer Network | EuroSite  PowerEuroSite Power (@EurositePwr) | Twitter
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Post Subject
#86
$EUSP EuroSite Power Announces 2021 Financial and Operational Thugmuffin 04/03/2022 02:10:16 PM
#85
$EUSP Energy Innovation Awards 2022: EuroSite Power shortlisted AskMuncher 01/18/2022 11:44:01 AM
#84
$EUSP EuroSite Power Schedules Earnings Release for Q3 AskMuncher 11/08/2021 10:44:41 AM
#83
Is this company alive? CashCowMoo 10/30/2021 06:40:15 PM
#82
What makes you say this? ice trader 10/18/2021 12:04:58 PM
#81
waiting for the gap to close Natural Trader 07/10/2021 07:36:49 PM
#80 nice move coming Natural Trader 06/30/2021 05:51:57 PM
#79 $EUSP Found the Paper mill contract with EL Penny Stocks 2.0 06/30/2021 12:20:00 PM
#78 $EUSP MUST READ >> Already $108,000,000 in Life Penny Stocks 2.0 06/30/2021 11:43:11 AM
#77 Huge, Supply of vehicles with LNG from ELINOIL Penny Stocks 2.0 06/30/2021 11:17:12 AM
#76 $EUSP BlueFuel Creates the 1st LNG service stations Penny Stocks 2.0 06/30/2021 10:46:39 AM
#75 LOCK YOUR SHARES UP, Heavily shorting a stock Penny Stocks 2.0 06/28/2021 01:29:28 PM
#74 About the company Elinoil Hellenic Petroleum Company SA is Penny Stocks 2.0 06/28/2021 01:10:12 PM
#73 **UPDATED SS** EUSP SECURITY DETAILS Share Structure Market Cap ? 7,403,717 Penny Stocks 2.0 06/28/2021 12:15:29 PM
#72 Absolute NO Convertibles or Dilution. Penny Stocks 2.0 06/28/2021 12:14:48 PM
#71 Sure contracts make the P/L, but these types StudiousDDpays 06/25/2021 06:44:21 PM
#70 Eurosite Power Inc (EUSP) CEO Elias Samaras Bought Penny Stocks 2.0 06/25/2021 03:39:58 PM
#69 ASCM shorting a 26m floater, LMFAO. Penny Stocks 2.0 06/25/2021 03:15:20 PM
#68 $EUSP $20.75M news Plus JV with ELINOIL>> Penny Stocks 2.0 06/25/2021 02:53:51 PM
#67 ELINOIL HELLENIC PETROLEUM COMPANY S.A. is located in Penny Stocks 2.0 06/25/2021 12:55:39 PM
#66 $108,000,000 AUDITED LIFETIME REVS READ THE PRS WOW Providing a Penny Stocks 2.0 06/25/2021 12:19:21 PM
#65 New business and strategic development The Company extended its Penny Stocks 2.0 06/25/2021 11:57:53 AM
#64 $EUSP UK’s first Green CHP offering: a vital AskMuncher 06/23/2021 11:53:10 PM
#63 1st Target $0.25, 2nd Target $0.50, 4rd Target $1+ Penny Stocks 2.0 04/01/2021 01:42:20 PM
#62 Clearly idiots don't want other investors to see Penny Stocks 2.0 04/01/2021 01:25:57 PM
#61 Providing a lifetime revenue to EuroSite Power of Penny Stocks 2.0 04/01/2021 01:19:04 PM
#60 Break .125 and we soar. Bozo blocking the run. Penny Stocks 2.0 04/01/2021 01:05:01 PM
#59 EUSP in play TrendTrade2016 04/01/2021 10:23:58 AM
#58 $EUSP Audited, Profitable Oil Company with No Dilution Penny Stocks 2.0 03/30/2021 10:45:10 AM
#57 Elinoil Hellenic Petroleum Company SA is a Greece-based Penny Stocks 2.0 03/29/2021 09:39:39 PM
#56 Absolutely Huge, Elinoil and Blue Grid found BlueFuel They Penny Stocks 2.0 03/29/2021 09:27:46 PM
#55 $EUSP's New Billion $ Partner >> ELINOIL HELLENIC Penny Stocks 2.0 03/29/2021 09:16:53 PM
#54 LNG for vehicles from ELINOIL and Blue Grid 22/03/2021 ELINOIL Penny Stocks 2.0 03/29/2021 09:15:00 PM
#53 HUGE....Supply of vehicles with LNG from ELINOIL and Penny Stocks 2.0 03/29/2021 09:14:31 PM
#52 $EUSP MONSTER Joint Venture signed to develop LNG Penny Stocks 2.0 03/29/2021 03:21:18 PM
#51 $EUSP HUGE $5,900,000 in COMMON Shares PURCHASED on Penny Stocks 2.0 03/29/2021 10:00:19 AM
#50 Speaking about the Companys full year results Dr Penny Stocks 2.0 03/26/2021 03:32:25 PM
#49 $EUSP Huge News, $108,000,000 Portfolio EuroSIte Power announces Penny Stocks 2.0 03/26/2021 01:01:45 PM
#48 PENNY STOCK EXEMPT Penny Stocks 2.0 03/26/2021 12:40:27 PM
#47 EUSP SECURITY DETAILS >> Share Structure Market Cap ? 7,732,771 03/25/2021 Penny Stocks 2.0 03/26/2021 12:40:16 PM
#46 The second success is a Joint Venture signed Penny Stocks 2.0 03/25/2021 03:21:18 PM
#45 The first contract success involves supplying 4,000 tonnes Penny Stocks 2.0 03/25/2021 03:20:47 PM
#44 This new contract is in addition to Blue Penny Stocks 2.0 03/25/2021 03:20:41 PM
#43 $EUSP 2nd PR Today Easing of lockdown and Penny Stocks 2.0 03/25/2021 12:08:47 PM
#42 $EUSP Huge Contract News Out Penny Stocks 2.0 03/25/2021 09:25:53 AM
#41 $EUSP AUDITED, Profitable Financials Out Penny Stocks 2.0 03/25/2021 09:22:16 AM
#40 Yah Profitable company vs a fictional story. Penny Stocks 2.0 03/24/2021 01:33:33 PM
#39 What a piece of shit Sirpeter 03/24/2021 12:55:37 PM
#38 Earnings tomorrow...On-Site Utility, offering clean electricity, heat, hot Penny Stocks 2.0 03/24/2021 12:32:13 PM
#37 Added few more shares. Good luck to all! NewBluesky 03/23/2021 12:02:37 PM
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