Thermal Energy International Inc V.TMG

Alternate Symbol(s): TMGEF

Industrials

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to the fortune 500 and other multinational companies. It operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. It 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 (GEMTM steam traps). It is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. It has two primary operational bases of operation, one in Ottawa, Canada and the other in Bristol, United Kingdom, covering Europe and the rest of the world.

TSXV:TMG - Post by User

Thermal Energy International Inc > Thank you for those positive posts: $2.2M orders

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Comment by AlbertESGon Sep 23, 2024 10:26am

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Post# 36236265

RE:RE:Thank you for those positive posts: $2.2M orders

This is not good news... This project is almost identical to the project that was announced last Sep for the same Big Pharma client, except it is for half the price.

Sep 2023 project - 1 million dollars in energy savings, 13.5% reduction in CO2. Cost = 4 million dollars with around a 4 year payback.

Sep 2024 project - 1 million dollars in energy savings, 14% reduction in CO2. Cost = 2.2 million with around a 2 year payback.

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