Eurosite Power Inc (EUSP)

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$EUSP Energy Innovation Awards 2022: EuroSite Power shortlisted for the Net Zero Impact Award
Press Release | 01/13/2022
EuroSite Power Inc. (OTCPK: EUSP):Following on from the launch of its new Green CHP solution last JuneEuroSite Power has announced that it has reached the final of the Energy Innovation Awards 2022. The company, which is known for its provision of green energy solutions, such as its new Green CHP; has been shortlisted for the Net Zero Impact Award alongside other illustrious names.



The Energy Innovation Awards 2022 are organised by the Energy Industries Council (EIC) and have been revamped this year to better reflect the rapidly changing nature of the industry, with 12 new categories representing the areas innovators are contributing to on the road to net zero. EuroSite Power, which is well-known for its On-Site Utility fully-funded energy as a service approach, says its new Green CHP offer has been designed for organisations needing an immediate transitional solution as part of their zero carbon goals and represents a key part of why the company was shortlisted.



The shortlisting for the Net Zero Impact Award recognises the significant innovations EuroSite Power has made. The companys Green CHP solution is part of a wide range of zero and low carbon solutions offered by the company, including a significant Solar PV offering, helping business reach their net zero ambitions. As a finalist alongside some of the most well-known names in the industry, the shortlisting reflects the significant steps the company has made in recent years in developing innovative energy solutions for net zero ambitions.



A fine achievement



We are delighted to have been shortlisted for the Net Zero Impact Award. It recognises our efforts in helping many businesses reach their net zero goals today, says EuroSite Powers Managing Director, Paul Hamblyn.



While many were talking about hydrogen-based solutions for the decarbonisation of heat we knew that at present over 95% of hydrogen production is still produced using fossil fuels through a process which createsbetween7to12 tonnes of emissions for every tonne of hydrogen produced. As a result, we knew we needed a zero carbon solution that could be delivered today, we needed a transitional technology. Our Green CHP system works with this reality to cut emissions today. The fact that our efforts in this area have been recognised is something we as a company can be very proud of, and we look forward to attending the ceremony in March where the final winner will be announced.



A key event in the industrys calendar



The Energy Innovation Awards are hosted by the EIC, a globally established not-for profit organisation founded in 2008. With a vision to provide an environment to accelerate innovation in the sector, all whilst helping to provide a more sustainable future for everyone, their annual awards ceremony promotes and recognises companies making significant strides towards those goals. Owned by 7 utility partners that work with over 7000 innovators around the world, the EIC is a major player in supporting innovation throughout the sector.



The EICs recognition of the innovation work conducted by EuroSite Powers team reflects the ever-changing nature of the industry. With net zero goals becoming increasingly prevalent and important for companies to achieve, it is vital that they have the support they need to meet these targets. Therefore, by giving firms of all sizes the recognition they deserve, it helps to support their goals as a whole and gives companies like EuroSite Power an important boost towards providing these solutions to the companies that need them.



About EuroSite Power



The Company provides institutional, commercial, and 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. More information can be found at www.eurositepower.co.uk.



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 Companys website and in financial statements held by OTC markets for the fiscal year ended December 31, 2020. 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 website 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.