Ottawa-based Thermal Energy International has received a $1.82 million order from a leading Fortune 500 food and beverage company for one of the Company’s proprietary FLU-ACE® heat recovery systems.
The heat recovery system is expected to provide the customer with utility savings of $360 thousand per year, primarily in the form of natural gas savings.
“Including this latest order, we have now sold our heat recovery systems to six of this customer’s sites, as well as having partially or fully converted 28 of their sites over to our GEM™ venturi orifice steam traps,” said William Crosland, CEO of Thermal Energy, in a written statement.
“This customer signed a global pricing agreement with us back in June of 2015 and we continue to work with them to identify potential projects at other sites," Crossland continued. "The ongoing business we continue to receive from this global leader is a huge testament to our commitment to partnering with our customers to help them realize significant gains in energy productivity and reductions in greenhouse gas emissions.
“With this latest order and our products installed to date, doing business with Thermal Energy International is expected to provide this customer with estimated annual energy savings of $2.4 million, estimated annual water savings of 106.5 million litres valued at over $359 thousand, and estimated annual carbon emission reduction savings of 19 thousand tonnes,” he said.