Business
Thermal Energy Announces $1.32 Million in Repeat Business from Hospital Group
(via TheNewswire) OTTAWA, ONTARIO / TheNewswire / October 12, 2017 - Thermal Energy ...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Thermal Energy Announces $1.32 Million in Repeat Business from Hospital Group(via TheNewswire)\n \n \nOTTAWA, ONTARIO / TheNewswire / October 12, 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 $1.32 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. \n\n \n \n\"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,\" said William Crossland, CEO of Thermal Energy. \"15% to 20% of the energy used in a typical hospital boiler plant is lost as exhaust gas exiting the boiler stack. Our 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. This customer already benefits from the energy savings and emission reductions afforded by our energy efficiency solutions. In addition to having installed GEM(TM) steam traps at this particular hospital a few years ago, we have previously sold GEM traps to another hospital and a heat recovery system to a third hospital in this hospital group.\"\n\n \n \nIncluding 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.\n\n \n \nTo 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. \n\n\n \nAbout Thermal Energy International Inc.\n\n\n\n \nThermal 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 ...