SharePitch
  • Cleantech & Renewables
  • Gaming
  • Twitter Feed
  • Cleantech & Renewables
  • Gaming
  • Twitter Feed

Thermal Energy Receives $1.7 Million Heat Recovery Order from Major Hospital Group

3/30/2017

1 Comment

 
OTTAWA, ONTARIO – March 30, 2017 – Thermal Energy International Inc. (“Thermal Energy” or the “Company”) (TSX-V: TMG), a global provider of proprietary energy efficiency solutions to the industrial, commercial and institutional sectors, has received a $1.7 million order from a major hospital group for one of the Company’s proprietary FLU-ACE® heat recovery systems. The project is expected to be completed and revenue earned over the next six months.
“This is the third heat recovery order received from this customer since they signed a corporate level supply agreement with Thermal Energy in July of 2015. This customer has a number of other hospitals and healthcare facilities that could benefit from our products. And, as this customer and our other hospital customers are aware, the savings that can be realized using our proven energy efficiency technologies are substantial. In addition to freeing up funds that can be reallocated to other critical areas, our products also make hospitals more environmentally friendly by reducing their carbon emissions significantly.” - William Crossland, CEO of Thermal Energy.

This latest heat recovery project is expected to provide this particular hospital with annual energy savings of approximately $403 thousand, resulting in a simple payback of approximately four years.
Picture
Thermal Energy’s proven products have helped hospitals across North America and Europe save more than $80 million while reducing their GHG emissions by over 540,000 tonnes.
The Ottawa-based cleantech company has several case studies available on their website at www.thermalenergy.com/hospitals.html.
1 Comment
Rob Greinke
3/31/2017 07:44:48 am

This is good to see. Great news. But it would be really helpful if the company would indicate whether this hospital group is in the UK, the US, or Canada. If it was in the US this would be really encouraging given Trump's anti-environmental mantra.

Reply



Leave a Reply.

    Archives

    May 2021
    April 2021
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017

    Categories

    All
    Canadian Solar
    Energy Efficiency
    First Solar
    Legend Power
    Solar Power
    Thermal Energy
    Wind Power

    RSS Feed

Terms of Use