Metro Energy Solutions Announces Contract with Orange Housing Authority for a Cogeneration System

NEW JERSEY- May, 2003- Metro Energy Solutions, a full-service energy services and consulting company, announced it has entered into an energy purchase agreement with the City of Orange Housing Authority, Orange, New Jersey to provide electricity and hot water at a discount.  Metro Energy Solutions developed a cogeneration project whereby Metro Energy will own and operate a 65-75 kW cogeneration system for the purpose of displacing a portion of the Housing Authority's electricity and thermal load for energy cost savings. 

The proposed cogeneration project scope incorporated (1) 65 - 75 Kilowatt cogeneration module, associated heat exchangers, electrical interconnect switchgear, microprocessor controls and an acoustic and thermal enclosure.  The cogeneration system was designed to produce electricity and hot water only. The sizing for the cogeneration system is based primarily upon the building's average hot water requirement.

The Orange Housing Authority had to make no capital investment, all costs for the cogeneration system were borne by Metro Energy Solutions.  "These projects are a win-win scenario for all parties involved" stated President and CEO of Metro Energy Solutions' Dominick Aiello.  "The Orange Housing Authority gets some price stability and guaranteed savings and Metro Energy creates a long-term relationship and energy supply partnership with the Authority", Aiello continued. 

For the next 12 years the Orange Housing Authority will receive a guaranteed 12% discount on all electric and thermal energy provided by the cogeneration system. The new 65-75 kW cogeneration unit will provide approximately 505,000 kWh per year for the term of the agreement and over $65,000 in energy cost savings.