- Thermal Energy (TMG) will deliver a fourth emissions reduction solution for a global nutrition company
- The FLU-ACE heat recovery system, valued at over C$1.4M, will recover waste energy from dryer burner exhaust and achieve approximately $630,000 in annual fuel savings
- Orders for the client now total $5.1M to date
- Thermal Energy International is a global supplier of energy efficiency and emissions reduction solutions
- Thermal Energy (TMG) is up by 5.88 per cent, trading at $0.09 per share
Thermal Energy (TMG) will deliver a fourth emissions reduction solution for a global nutrition company.
Thermal will supply one of its FLU-ACE heat recovery systems to recover waste energy from dryer burner exhaust. The system will deliver approximately C$630,000 in annual fuel savings and offset in excess of 1,530 tonnes of CO2 per year. The order is valued at over $1.4M and is expected to be completed within nine months.
Previous contracts for the client include:
- A $1.4M FLU-ACE heat recovery project at an infant milk processing plant to reuse energy lost through the boiler’s exhausts (2019)
- A FLU-ACE heat recovery system at the same site valued at approximately $840,000 to increase dryer efficiency (2020)
- A turnkey heat recovery solution valued at over $900,000 to recover and repurpose energy lost from boiler exhaust at a site in Europe (2021)
To date, the company has also installed GEM steam traps in 19 of the client’s sites across Europe and North America.
Orders for the client now total $5.1M throughout the relationship.
“Our ongoing relationship with this customer is a clear example of how adaptable our proprietary products are for a range of applications,” stated William Crossland, Thermal Energy’s CEO. “This is why Thermal Energy remains the chosen provider in supporting carbon emission reduction objectives for several global, market-leading corporations.”
Thermal Energy International is a global supplier of energy efficiency and emissions reduction solutions to the industrial and institutional sectors.
Thermal Energy (TMG) is up by 5.88 per cent, trading at $0.09 per share at 12:05 pm EST.