Thermal Energy Announces $11 Million Energy Efficiency Order OTTAWA, ONTARIO– December 5, 2017 – Thermal Energy International Inc. (“
Thermal Energy” or the “Company”) (TSX-V:
TMG), a global provider of industrial and institutional energy efficiency solutions, has been engaged by an existing pulp and paper customer to design, develop and implement a major energy efficiency improvement and greenhouse gas reduction project. The project includes the installation of two of Thermal Energy’s proprietary
FLU-ACE® Heat Recovery Systems and the conversion of the mill’s steam traps to Thermal Energy’s proprietary
GEM™ Steam Trap system.
Once completed, the $11 million project is expected to provide the customer with annual natural gas savings of more than 35%, while reducing its annual greenhouse gas emissions by more than 20%, or approximately 43,000 metric tonnes.
“Pulp and paper is one of the most energy intensive sectors and our energy efficiency solutions represent a win-win scenario," said William Crossland, CEO of Thermal Energy. "We have been working in partnership with this customer over the past year to develop a turn-key project that meets both their energy savings and greenhouse gas reduction goals. This resulted in our largest single order to date and a project that can serve as a blueprint for other large energy users around the world looking for an optimal solution for fighting climate change, by providing significant reductions in carbon emissions and energy use while, at the same time, delivering a high return on investment.”
https://www.thermalenergy.com/blog/thermal-energy-announces-11-million-energy-efficiency-project-with-pulp-paper-customer