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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Thermal Energy International Inc. is a Canadian clean technology company. The Company provides energy efficiency and emissions reduction solutions to the Fortune 500 and other multinational companies. The Company operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. The Company markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEM steam traps). The Company is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). The Company has two operational bases, one in Ottawa, Canada covering North America, and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Post by canweson Feb 24, 2021 8:35am
117 Views
Post# 32645043

New Contratc

New Contratc

Thermal Energy International Helps Prominent Beer Company Brew Up Emissions Reduction   

Prominent Beer Co
OTTAWA, ONTARIO – February 24, 2021 – Thermal Energy International Inc. (“Thermal Energy or the “Company”) (TSXV: TMG), has been commissioned by a prominent multinational brewer to supply a turn-key heat recovery system to one of its North American sites.

The system, valued at over $1,000,000, will feature two of Thermal Energy’s proprietary heat recovery technologies, working in tandem to reduce fuel use and minimize carbon emissions. While it will be the first time these technologies have been applied to the sector in this way, the order represents an established market for Thermal Energy, with the Company now working with three of the top five brewers worldwide.

Both the FLU-ACE® condensing heat recovery unit and HeatSponge indirect heat recovery unit will recover waste heat exhausted from the site’s boilers. The energy will then be repurposed to heat the water required for three separate applications; reverse osmosis which removes contaminants, deaeration which protects the steam system from the effects of corrosive gases, and boiler makeup water. 

By reducing the steam load, the project is expected to increase energy efficiency, reduce fuel use, and save an estimated 8 million litres of water annually, as well as reduce CO2 emissions by over 1,800 metric tonnes per year, which is equivalent to removing more than 380 cars from the road. The project provides a payback for the customer of just under 4 years. 

“We have worked with a number of different breweries and beverage producers over the years, with our technology proving particularly applicable to the industry,” said William Crossland, CEO of Thermal Energy.

“Together with our engineering experience with the specific needs of the sector, this has meant that over the last few years we have secured energy efficiency projects for three of the world’s top five brewers. This latest order follows a highly successful GEM™ Steam Trap project at a partner site located in Europe. 

“With this producer having over 50 sites across 10 countries, it is an excellent example of how we, as a company, can leverage our existing base of multinational and household name customers to promote growth in line with our strategic plan."


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