Energy Efficiency Project Due to Begin for NYS School District
Nov 18, 2008 09:15:24 (ET)
SARATOGA SPRINGS, NY, Nov 18, 2008 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is announcing that a contracted energy efficiency project with a Southern New York State School District is due to begin before year end. The project, awaiting final New York State Education Department (NYSED) approval, is expected for release in mid December with measures that include lighting system upgrades, window replacements, building envelope weatherization, and transformer replacement. Atlantic Energy Solutions recommended the school use Efco series windows using high effeciency low thermal Low-e glass for a more "green" approach to their energy savings.
The District will realize a reduction in annual energy costs of $33,000. With the addition of state financial assistance the District will benefit from a positive cash flow over the 18 year term of the savings agreement.
"It's very exciting to be assisting another school district with their plans for capital improvements and energy savings," said Tim Brock, CEO of Atlantic Energy Solutions. Mr. Brock went on to say, "In addition to making an important contribution to the environment, we have created the added benefit of a positive cash flow for their school budget. This will undoubtebly help lighten the taxpayers' burden in the school district. As for our shareholders, I am very happy to announce that this project will increase our revenues to what has already been a record breaking year for Atlantic Energy Solutions." |
