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What Drove The Eurosite Power (EUSP) Stock Up 17% On Thursday?

IMH

IMH

On the last trading day, Eurosite Power Inc (OTCPink: EUSP) closed up 17.50% to $0.0940.

Eurosite Power stock prices ranged from $0.0750 to $0.1150 during the session, and 261.62K shares were traded. An increase in EUSP stock came following the signing of two new LNG delivery agreements.


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The LNG agreements:

The cost of electricity, cooling, heat, and hot water supplied by Euro site Power to commercial and small industrial facilities is lower than charged by conventional energy suppliers, and the energy user incurs no initial start-up or capital expenditure.

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In yesterday’s news, EuroSite Power announced that Blue Grid Gas and Power S.A. (“Blue Grid”) has signed two new LNG contracts for the delivery of natural gas to its customers.

In what ways will EUSP make a difference?

Greek companies are utilizing LNG for both industrial customers and commercial customers, proving that Euro site Power (EUSP) has exciting opportunities for the roll-out of LNG in the country. And with these contracts EUSP has been building a network of LNG-powered factories in the country.

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