American DG Energy Inc. (NYSE Amex: ADGE) announced that it has entered into a fifteen-year agreement to produce energy at Fuller Village in Massachusetts with its on-site energy solution. The solution produces clean, low cost energy in the form of electricity and space heating at Fuller Village and sells it to the independent living community at a price lower than the local energy utility. The community pays only for the energy that is used and avoids all capital, installation, operation and maintenance costs as American DG Energy owns and services the equipment. The energy is produced with small-scale, combined heat and power (CHP) equipment located at the property site and the system will reduce its greenhouse gas emissions by 244 tons of carbon dioxide each year, the equivalent of planting 67 acres of trees or eliminating the emissions of 42 cars.
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