And what is Audrey doing??? Playing the fiddle while the world burns down around QST??
Thermal Energy receives $2.2M heat pump project order
2024-09-23 14:17 ET - News Release
Mr. William Crossland reports
THERMAL ENERGY RECEIVES $2.2 MILLION IN REPEAT BUSINESS FROM A LEADING PHARMACEUTICAL COMPANY
Thermal Energy International Inc. has received an order for a heat recovery and heat pump project valued at approximately $2.2-million from a leading multinational pharmaceutical company.
"This is our second heat recovery order under our global master services agreement with this leading pharmaceutical company," said William Crossland, chief executive officer of Thermal Energy. "This project, and the one we announced last fall, are key to this customer meeting its 2030 emission reduction commitments as economically as possible. This customer has about 40 sites of interest to us around the world and we continue to discuss additional project opportunities with them.
"Of equal importance, this is our first project that includes heat pumps to very efficiently convert the thermal energy recovered by our Flu-Ace and HeatSponge technologies to a higher temperature than can be achieved previously, broadly expanding the applicability of the energy recovered by our established best-in-class technologies.
"Thermal Energy has assisted several prominent pharmaceutical companies in cutting energy costs and lowering carbon emissions. Our proven solutions are ideal for the pharmaceutical sector, where significant amounts of heat are commonly used, and there is a strong commitment to reducing greenhouse gas emissions. Additionally, the sector's financial resources enable meaningful action toward carbon reduction."
Based on the client's expected natural gas prices, the project is expected to deliver close to $1-million in annual fuel savings, while the expected reduction in natural gas consumption would reduce CO2 (carbon dioxide) emissions by 1,199 tonnes per year, representing an estimated 14-per-cent reduction in site CO2 emissions.
The project is expected to be completed and revenue earned within 12 months.
About Thermal Energy International Inc.
Thermal Energy International provides energy efficiency and emissions reduction solutions to Fortune 500 and other large multinational companies. It saves its customers money by reducing their fuel use and cutting their carbon emissions. Thermal Energy's proprietary and proven solutions can recover up to 80 per cent of energy lost in typical boiler plant and steam system operations while delivering a high return on investment with a short, compelling payback.
Thermal Energy is a fully accredited professional engineering firm with engineering offices in Ottawa, Canada, Pittsburgh, United States, as well as Bristol, United Kingdom, with sales offices in Canada, U.K., U.S., Germany, Poland and Italy. By providing a unique mix of proprietary products together with process, energy and environmental engineering expertise, Thermal Energy can deliver unique, site-specific turnkey and custom engineered solutions with significant financial and environmental benefits for its customers.