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

Thermal Energy Receives $1.2 Million Order from Leading Fortune 500 Food & Beverage Customer

6/12/2018

0 Comments

 
Picture

​OTTAWA, ONTARIO / TheNewswire / June 12, 2018 – Thermal Energy International Inc. (“ Thermal Energy ” or the “Company”) (TSX-V: TMG ), a global provider of industrial and institutional energy efficiency solutions , has received a $1.2 million order from one of its corporate accounts, a leading Fortune 500 food and beverage conglomerate, for another FL U-ACE ® heat recovery system. The project is expected to be completed and revenue earned over the next nine months.
 
“We are pleased to announce the receipt of another significant order from this corporate account,” said William Crossland, CEO of Thermal Energy. “This $1.2 million FLU-ACE order is the third substantial order from this customer in the past twelve months. Last summer we announced a $1.46 million “ Super-Efficient Cogeneration™ ” heat recovery project in August, and a $1.82 million FLU-ACE order in July 2017. Including this latest order, we have now sold our heat recovery systems to seven of this customer’s sites, and have either partially or fully converted 28 of their sites over to our GEM™ venturi orifice steam traps. Importantly, all of our business with this customer to date has been with one division in one geographical area, and they have hundreds of sites across several divisions around the globe. With our products’ wide applications in the food and beverage industry, this customer continues to choose Thermal Energy to help them reduce their energy costs while lowering their greenhouse gas emissions.”
 
The FLU-ACE system will recover the energy from the waste heat generated in the flue gases of one of the onsite boilers. The waste heat recovered will be returned to process in the form of hot water. The FLU-ACE system is expected to provide the site with annual utility savings of approximately $245 thousand, while reducing greenhouse gas emissions by 2,085 tonnes per year.
 
About Thermal Energy International Inc. 

Thermal Energy International Inc. is an established global supplier of proprietary, proven energy efficiency and emissions reduction solutions to the industrial and institutional sectors. We save our customers money and improve their bottom line by reducing their fuel use and cutting their carbon emissions.  Our customers include a large number of Fortune 500 and other leading multinational companies across a wide range of industry sectors.
 
Thermal Energy is also a fully accredited professional engineering firm and by providing a unique mix of proprietary products together with process, energy and, environmental engineering expertise, Thermal Energy is able to deliver unique turnkey projects with significant financial and environmental benefits for our customers.    

Thermal Energy International Inc. has offices in Ottawa, Canada as well as Bristol, U.K., United States, Germany, Italy and China. The Company’s common shares are traded on the TSX Venture Exchange (TSX-V) under the symbol TMG.
 
For more information, visit the Company's website at www.thermalenergy.com and follow them on Twitter at http://twitter.com/GoThermalEnergy .
0 Comments



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