ENER-G and Rudox Join Forces to Deliver Low Cost, Green Energy CHP Solutions

Tue Feb 12, 2013 6:08am EST

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ENER-G Rudox Inc. investment signals new force in American cogeneration/CHP
CARLSTADT, N.J.--(Business Wire)--
Global cogeneration specialist ENER-G has joined forces with Rudox Engine &
Equipment Company to design, develop, manufacture and install Combined Heat and
Power (CHP) systems from Rudox's production facility in Carlstadt, New Jersey.

http://mms.businesswire.com/bwapps/mediaserver/ViewMedia?mgid=357837&vid=4
Saint Peter's University, New Jersey, combined heat and power/CHP energy centre
- designed, built, equipped and funded by ENER-G. (Photo: Business Wire)

ENER-G group has invested in a 75% holding in Rudox, with existing Rudox owners,
the Goodman family, retaining a 25% stake in the new ENER-G Rudox Inc. company. 

Chris Hayton, new Chief Executive of ENER-G Rudox Inc, said: "This union between
clean technology companies ENER-G and Rudox brings together a collective 90
years of market leadership in cogeneration and provides a strong and solid
platform for growth. With Rudox's engineering and manufacturing capabilities and
extensive network of service engineers, we can deliver and fund combined
cooling, heat and power solutions to an American market that is seeking to save
money on energy, increase the security of utility supply and improve green
performance." 

Ryan Goodman, President of Cogeneration for ENER-G Rudox Inc, said: "We are
proud to join together with ENER-G, which is a European market leader in
cogeneration. Our integrated product range, which will be manufactured by our
experienced team in New Jersey, will provide the market with a wide choice of
advanced cogeneration solutions from 70kW to 10MW. This investment gives us the
capability to accelerate expansion and enables fully financed energy solutions,
so customers have the option to pay as they save, without making any capital
investment in energy saving technology." 

ENER-G, which is headquartered in the UK and has operations in 17 countries
worldwide, entered the USA market in 2011. The company has recently commissioned
a 2,454 MWh combined cooling, heat and power (CCHP) system at St. Peter's
University, New Jersey. This is part of a $6.3 million energy services contract,
funded mainly by ENER-G - involving a strategic upgrade of heating, ventilation
and air conditioning infrastructure, the installation of a solar photovoltaic
system and new building energy management technology. 

ENER-G and Rudox have a combined turnover approaching $200 million and a global
portfolio of 603MW operational cogeneration systems. In total, this CHP capacity
achieves annual carbon dioxide savings of 377,546 tons. This equates to the
environmental benefit of carbon sequestered by 280,741 acres of pine forest. 

Chris Hayton added: "ENER-G Rudox Inc already has a $100 million dollar pipeline
of sales opportunities and with local engineering and manufacturing capability
we can deliver faster to market, while providing rapid, on-demand servicing and
maintenance support throughout the lifetime of projects. We are committed to
growing the ENER-G Rudox business and contributing to economic prosperity and
green growth in the USA." 

ENER-G Rudox will continue to provide CHP packaged products and custom
cogeneration projects on an EPC (engineer, procure/construct) basis. Fully
financed cogeneration systems will be available, with provision to deliver a
complete energy services package - releasing substantial, guaranteed customer
savings through energy efficiency and renewable energy generation. 

ENER-G (www.energ-group.com) is a clean technology and energy services company
and global leader in small scale cogeneration, biogas generation and energy from
waste. ENER-G`s solid financial status and independence provides freedom to
finance capital projects to offer zero cost purchase options to customers. 

Rudox (www.rudox.com), founded in New Jersey in 1949, specializes in
CHP/cogeneration and emergency power systems. Rudox has in-house expertise and
resources to custom design, develop, assemble and test engines, generator sets,
and CHP systems to suit customers` custom requirements.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20130212005247/en/

ENER-G:
Janet Kilpatrick, 011-44-161-487-3830
cell-011-44-7794 192 677
jk@janetkilpatrick.co.uk
or
Rudox:
Gina Lewinski, 201-438-0111 ext 11
lewinskg@rudox.com

Copyright Business Wire 2013

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