Business
Thermal Energy International Secures Emission Reduction and Improved Efficiency Project with Leading European Hospital Group
(TheNewswire) OTTAWA, ONTARIO - TheNewswire - October 27, 202...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Thermal Energy International Secures Emission Reduction and Improved Efficiency Project with Leading European Hospital Group\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n OTTAWA, ONTARIO -\n \n TheNewswire\n \n - October 27, 2020\n- Thermal Energy International Inc. (\"\n \n Thermal\nEnergy\n \n \" or\n \n the\n \n \"Company\")\n(TSXV:\n \n TMG\n \n )\n \n (OTC:\n \n TMGEF\n \n )\n \n an innovative cleantech company and global provider\nof energy efficiency and emissions reduction solutions, has been\ncommissioned by a leading hospital group to supply two heat recovery\nprojects designed to reduce fuel use and carbon emissions, in line\nwith the hospital group's sustainability targets.\n \n \n The projects, collectively valued at $1,530,000, will be installed at\ntwo of the facilities that the healthcare provider manages. These are\nthe latest in several projects Thermal Energy has delivered for this\ncustomer. These most recent projects include a newly designed turnkey\nheat recovery system for one hospital and an extension of an existing\nheat recovery system previously installed by Thermal Energy at a\nsecond hospital. Both systems will feature the Company's proprietary\n \n FLU-ACE\n \n (R) direct con\n \n tact heat\nrecovery technology. Units will draw flue gases from boiler exhausts\nand then use the recaptured energy to heat domestic and boiler feed\nmakeup water as well as replace the steam\n \n currently used as\npart of the sites' respective hydronic heating systems.\n \n \n Once commissioned, the systems are expected to deliver an annual fuel\nsaving of $410,600 and reduce carbon emissions by over 2,300 tonnes\nper year. This will help the hospital group achieve its internal\ncarbon reduction goals as well as targets set by Government.\n \n \n \"These orders are representative of the extensive experience\nThermal Energy has with hospitals and healthcare systems across Europe\nand North America,\" said\n \n William Crossland\n \n , CEO of Thermal Energy.\n \n \n \"We've supported this customer for a number of years with its\nongoing mission for greater efficiency. To date, we have installed our\nhigh efficiency, low maintenance\n \n GEM\n \n (TM) steam traps at three of the customer's\nsites and now our heat recovery units will be in use at four of the\nfive locations the organization manag...