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EuroSite Power secures financing to grow on-site utility business

EuroSite Power Inc. has executed a financing agreement withMacquarie Equipment Finance (UK) Ltd. to roll out its on-site utility businessmodel across Europe, according to a March 30 news release.

"The collaboration with Macquarie is specificallydesigned to meet the needs of opportunities where an investment ofapproximately $1.5 million or more may be required and so paves the way to amore aggressive targeting of sizable customers with multiple or larger sites,"EuroSite Power Managing Director Paul Hamblyn said.

EuroSite Power is a subsidiary of