Thermal Energy Int. (TSX-V: TMG) announced today that it had received a $1.32 million heat recovery order from an existing hospital customer. The order is expected to be completed and revenue earned over the next six months. All figures are in Canadian dollars.
"15% to 20% of the energy used in a typical hospital boiler plant is lost as exhaust gas exiting the boiler stack. Increasing energy efficiency, reducing greenhouse gas emissions and saving costs are of increasing importance to hospitals around the world, and our solutions help them accomplish all three." - William Crossland, CEO.
Thermal Energy's heat recovery system will recover waste heat from four steam boilers at this hospital and is expected to result in annual savings of approximately $338 thousand while reducing greenhouse gas emissions annually by 1,738 tonnes. In addition to having installed GEM(TM) steam traps at this particular hospital a few years ago, Thermal Energy previously sold GEM traps to another hospital and a heat recovery system to a third hospital in this hospital group.
Including this project and previous orders and products installed to date, doing business with Thermal Energy International is expected to provide this group of hospitals with approximately $950 thousand in annual savings, while reducing its carbon emissions by more than 3,900 tonnes per year.
To learn more about how Thermal Energy has helped hospitals across North America and Europe save money and become more sustainable, review the Company's case studies on its website at http://www.thermalenergy.com/hospitals.html.