Thermal Energy Announces $1.4 Million Heat Recovery Project with Malted Barley Producer

Core Insights - Thermal Energy International Inc. has secured a $1.4 million turnkey heat recovery project with a European malted barley producer aimed at reducing hot water, fuel consumption, and emissions [1][2] - The project is expected to achieve significant environmental benefits, including a one tonne reduction in annual NOx emissions and a 50% to 90% reduction in particulate matter and acid gases [2] - Completion of the project is anticipated within twelve months, with revenue expected to be recognized during this period [3] Company Overview - Thermal Energy International Inc. specializes in energy efficiency and carbon emission reduction solutions for large corporations, including Fortune 500 companies [4] - The company’s proprietary solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations, providing a high return on investment with a short payback period [4] - The company operates engineering offices in Ottawa, Pittsburgh, and Bristol, and has sales offices across Canada, the UK, the USA, Germany, Poland, and Italy [5] Market Position - The company has a strong track record in the malted barley sector, having successfully delivered energy-saving projects to four of the top five breweries globally [2] - Thermal Energy's solutions are designed to help customers achieve lower energy costs and reduced emissions, aligning with sustainability goals in the brewing industry [2]