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Thermal Energy Receives $820 Thousand Heat Recovery Order from Teaching Hospital
(via TheNewswire) OTTAWA, ONTARIO / TheNewswire / March 26, 2018 - Thermal Energy In...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Thermal Energy Receives $820 Thousand Heat Recovery Order from Teaching Hospital(via TheNewswire)\n\n \nOTTAWA, ONTARIO / TheNewswire / March 26, 2018 - Thermal Energy International Inc. (\"Thermal Energy\" or the \"Company\") (TSX-V: TMG), a global provider of industrial and institutional energy efficiency solutions, has received a $820 thousand order from a teaching hospital for one of the Company's proprietary FLU-ACE(R) heat recovery systems. This system has been designed to significantly reduce the operating costs of the hospital as well as reduce the carbon footprint of the site. The project is expected to be completed and revenue earned over the next six months.\n\n \n \n\"This order is yet another example of why our hospital customers continue to choose Thermal Energy,\" said William Crossland, CEO of Thermal Energy. \"With best-in-class efficiency, high return on investment, and a 20-plus year track record, the FLU-ACE heat recovery systems are a proven solution for reducing operating costs and carbon emissions. By making hospitals greener and more energy efficient, hospitals can reallocate funds to where they matter most, providing excellent health care.\n\n \n \nThe FLU-ACE system will recover the energy from the waste heat generated in the flue gases of two gas-fired hot water boilers and an onsite cogeneration unit. The waste heat will be used to generate hot water for use in hydronic heating and domestic hot water. Once installed, the FLU-ACE system is expected to provide the teaching hospital with annual savings of approximately $220 thousand, while reducing greenhouse gas emissions by 1,007 tonnes per year.\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 their fuel use and cutting their carbon emissions. Our customers include a large number of Fortune 500 and other leading multinational companies across a wide range of industry sectors.\n\n \n \nThermal Energy is also a fully accredited professional engineering firm and by providing a unique mix of proprietary products together with process, energy and, environmental engineering expertise, Thermal E...