Turnkey project to yield approximately $406 thousand in fuel savings while reducing site-wide CO2 emissions by 975 tonnes
Ottawa, Ontario--(Newsfile Corp. - July 14, 2026) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, received an order for a turnkey heat recovery project worth approximately $1.8 million from an international premium beer and beverage company. The FLU-ACE system to be installed will recover waste heat from the exhausts of two boilers at one of the customer's breweries and is expected to provide the brewery annual fuel savings of approximately $406 thousand, while reducing its CO2 emissions by approximately 975 tonnes. All figures are shown in CAD.
"We're excited to announce our latest heat recovery order from one of the world's largest brewers," said William Crossland, Thermal Energy CEO. "This is our second turnkey project with them, building directly on the success of our 2019 turnkey project at another of their sites and supported by GEM Trap deployments across several of their European sites."
"Thermal Energy has exceptional experience in this industry, having worked with several of the world's largest breweries. By recovering heat that's already being generated and paid for, we help these companies cut their fuel use, lower emissions, and unlock immediate operating cost reductions. At a site producing more than 50 million pints a year, efficiency gains matter."
"As this brewer advances its sustainability goals across sites in dozens of countries, including net-zero production by 2030, we're proud to be a proven partner in delivering measurable, repeatable decarbonization."
This turnkey project is expected to be completed and revenue earned within 7-8 months. The Company expects the gross margin for this project to be in line with historical amounts for its turnkey projects. Thermal Energy's overall gross margins are available in its quarterly disclosure materials.
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