New partnership offers Madison residents savings on heating costs through 2013


September 17th, 2011


Under a new model partnership, Madison Maine residents have the option of heating their homes and businesses at a price equivalent to approximately $2.20 per gallon of home heating oil – and locking in the savings through December 2013 using technology marketed by Saco-based Thermal Energy Storage of Maine, LLC (TESM).

Under the partnership, which is also being negotiated in other communities in Maine, Thermal Energy Storage of Maine, LLC is providing Steffes Corporation electric thermal storage (ETS) heating units; Madison Electric Works is offering a special, off-peak delivery rate for electricity delivered by NextEra Energy Resources Power Marketing, LLC; Franklin-Somerset Federal Credit Union is offering an Energy Improvement Loan applicable to ETS technology; and Campbell’s Building Supply will sell and arrange the installation of ETS units for residents and businesses.

“With one phone call, residents and businesses in Madison can choose ETS and lock-in at the equivalent of $2.20 per gallon of heating oil through December 2013 – instead of paying $3.50-$3.66 per gallon for this winter alone,” said Thermal Energy Storage of Maine CEO Adam Cote. “We are proud to be working with Madison Electric Works and local Madison businesses committed to helping their customers and neighbors save on high heating costs though this partnership.”

“Thermal storage heating technology is a proven, straightforward way that Maine can immediately begin to end its reliance on costly foreign oil for heating,” said TESM founder Sam Zaitlin. “Inexpensive, off-peak electricity – from any source – stored as heat and released as needed via well established technology. It is a win-win-win for consumers, utilities and the environment. The Madison ETS program is a template for one way Maine can begin to end its highest-in-the-nation dependence on volatile oil products and keep millions of dollars in the state’s economy.”

Calvin Ames, Superintendent of Madison Electric Works, said “Our Board of Directors voted to partner with Thermal Energy Storage of Maine and offer an inexpensive, off-peak energy rate for ETS heating units because it can save our customers many hundreds of dollars a year in heating costs. We have already had strong interest and encourage MEW customers to come by our offices to see our ETS heater or call Marty Berry at 496-4401 for more information.”

alt“Franklin-Somerset Federal Credit Union is glad to be working with our local community partners to offer Madison residents Energy Improvement Loans to help lock in energy savings for the next two-plus winters,” said Cass Hirschfelt, President and CEO of F-SFCU. “We have an ETS heater in our lobby on Main Street and we encourage folks to come in and learn more about ETS.”

Steve Lajoie, Director of Operations for Campbell’s True Value said “Campbell’s is excited about the ETS technology. We have a demonstration unit set up at the Campbell’s Building Supply store on Main Street in Madison – and we are ready to work with our friends and neighbors to get a unit installed in their home quickly and easily.”

The Steffes supplemental room heating ETS units being offered in Madison can reduce overall home or business oil consumption by 60 percent or more.