June 27, 2014: Aegis Energy Services Receives Contract for Large-Scale CHP Project
Combined Heat and Power Installation Involves Properties in Boston and New York City
NEW YORK — Aegis Energy Services Inc. has reached an agreement with Equity Residential Properties to install combined heat and power (CHP) systems in 16 of its large multifamily residential properties in the Northeast.
Aegis Energy’s CHP systems deliver both heat and electricity, from a single fuel source (natural gas). The company said the high-efficiency systems are designed to significantly reduce energy costs and emissions.
Aegis Energy Services and Equity Residential have worked together in the past, outfitting several properties with CHP.
“We are very pleased to be working with Equity again on such a large scale,” said Lee Vardakas, president of Aegis Energy Services. “As is the case here, a significant portion of our sales come from existing customers thus validating our outstanding product and service. We were also pleased to be able to secure substantial funding for four of the New York City sites from NYSERDA [New York State Energy Research and Development Authority], and four Massachusetts sites through Mass Save grants.”
The Aegis Energy Services CHP systems will be installed in 12 Equity Residential properties in New York City and four in Boston. The Aegis systems will allow six of the properties to convert from oil burning boilers to a cleaner, more efficient natural gas solution.
The installations are expected to produce an annual savings of over $1.2 million.
The system installations will include four black-start capable PowerVerter systems, one black-start capable PowerSync, and eleven ThermoPower systems. Aegis said its black-start capable systems provide daily savings and standby power with the ability to generate both heat and electricity during a grid failure.
For more information, visit www.aegisenergyservices.com.
Publication date: 6/23/2014