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Thermal Energy Announces $1.46 Million Super-Efficient Cogeneration Heat Recovery Order
(via TheNewswire) OTTAWA, ONTARIO / TheNewswire / August 31, 2017 - Thermal Energy Inter...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Thermal Energy Announces $1.46 Million Super-Efficient Cogeneration Heat Recovery Order(via TheNewswire)\n\n \nOTTAWA, ONTARIO / TheNewswire / August 31, 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 been engaged by a leading Fortune 500 food and beverage customer to implement a $1.46 million \"Super-Efficient Cogeneration(TM)\" heat recovery project at one of its plants. The project is expected to be completed and revenue earned over the next six to nine months. All figures are in Canadian dollars.\n\n \n \nPartially utilizing the FLU-ACE(R) unit previously installed, Thermal Energy will work with this customer to implement a number of additional energy efficiency and heat recovery measures related to three new reciprocating engine units to be installed on-site. These measures are expected to result in the customer's cogeneration plant being more than 88% efficient, in line with Thermal Energy's new best-in-class Super-Efficient Cogeneration offering. Typical cogeneration systems operate between 65% and 75% efficiency. \n\n \n \nThis complete Super-Efficient Cogeneration project is expected to reduce the customer's use of coal-generated power by 23 million kWh per year, resulting in a net greenhouse gas reduction of 14.5 thousand tonnes of CO2 (equivalent) per year. The increased efficiency related to Thermal Energy's heat recovery scope is expected to result in annual utility savings of approximately $945 thousand for the customer. Including this project and previous orders and products installed to date, doing business with Thermal Energy International is expected to provide this customer with estimated annual energy savings of $3.3 million. \n\n \n \n\"This leading food and beverage customer chose Thermal Energy for this project because of our proven expertise in recovering waste heat and our long track record of success delivering projects at this customer's sites,\" said William Crossland, CEO of Thermal Energy. \"With the implementation of this project we are demonstrating that this expertise goes well beyond our proprietary FLU-ACE and GEM(TM) technologies. Our solutions - our technologies and expertise - enable us to squeeze more usable energy out of e...