Hybrid heat recovery unit / direct fired water heater expected to reduce customer’s fuel use for hot water by 80%
Thermal Energy International Inc. (TSX-V: TMG; OTCQB: TMGEF) has received a purchase order valued at approximately $1 million for a Hybrid Flu-Ace from a privately owned meat processing plant in Europe. The turn-key project is expected to be completed and revenue earned within the next 12 months. All figures are shown in CAD.
“The Hybrid Flu-Ace is an ultra-high efficiency unit that is expected to reduce onsite fuel use for hot water by approximately 80%, and fuel use for steam production by a further 20%, delivering significant savings while reducing the customer’s carbon emissions,” said William Crossland, Thermal Energy CEO. “This is our first order for a Hybrid Flu-Ace, which is essentially a FLU-ACE style heat recovery unit with a built-in Perco-Ace direct contact water heater. It uses waste heat, when available, to heat water. When there isn’t enough waste heat, the natural gas fired burner kicks in to instantaneously deliver hot water with up to 99% combustion efficiency. Both the Perco-Ace and Hybrid technologies were part of the Sofame Technologies intellectual property acquired in July 2021.”
Benefits of the Perco-Ace and Hybrid Flu-Ace:
The project is expected to provide fuel savings of approximately $240 thousand while reducing CO2 emissions by 292 tonnes per year, resulting in additional financial savings of about $36 thousand per year. The heat recovery component of the project could result in a 50% to 90% reduction in particulate matter emissions (contributors to asthma and other respiratory diseases) and acid gasses (SO2).
Source: Thermal Energy International Inc.