Ottawa, Ontario--(Newsfile Corp. - January 7, 2026) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, is pleased to announce that Vincent Sands has been appointed to the position of Executive Vice President ("EVP") of Thermal Energy, effective immediately. Mr. Sands joined Thermal Energy in 2018 when the Company acquired Boilerroom Equi ...

Core Insights - The world is focusing on reducing carbon emissions, creating significant opportunities in the green sector [1] - Green Growth Giants offers a model portfolio and actionable research to capitalize on this generational change, highlighting undercovered stocks [1][2] Group 1: Company Overview - Manika, a macroeconomist with over 20 years of experience, leads the investing group Green Growth Giants, which explores opportunities in the green economy [2] - The group extends the focus of her profile Long Term Tips (LTT) by providing a deeper analysis of the green sector [2] Group 2: Investment Strategy - Green Growth Giants aims to maximize returns through a market-beating model portfolio [1] - The research includes actionable insights on exceptionally undercovered stocks within the green sector [1]

Core Insights - Thermal Energy International Inc. has secured a CAD 3.2 million turnkey heat recovery order from a leading multinational frozen food company, indicating strong demand for its energy efficiency solutions [1][2] - The company previously completed a $1 million project with the same customer, showcasing a successful partnership and the effectiveness of its technology [2] - The revenue from this new order is expected to be recognized within twelve months, reflecting a positive outlook for the company's financial performance [3] Company Overview - Thermal Energy specializes in energy efficiency and carbon emission reduction solutions, primarily serving Fortune 500 and large multinational companies [4] - The company’s proprietary technologies can recover up to 80% of energy lost in typical boiler plant and steam system operations, providing significant financial and environmental benefits [4][5] - The food and beverage sector remains the largest source of business for Thermal Energy, with manufacturers committed to reducing carbon emissions [2] Market Potential - The customer has over 40 manufacturing sites globally, presenting substantial growth opportunities for Thermal Energy as the customer aims to meet aggressive greenhouse gas emission reduction targets [2] - The food and beverage industry is increasingly focused on sustainability, which aligns with Thermal Energy's offerings of high-impact sustainability solutions [2]

Core Insights - The Solar Street Lighting Market is projected to grow from USD 13.33 Billion in 2025 to USD 43.27 Billion by 2033, with a CAGR of 15.87% from 2026 to 2033 [1][6]. Market Growth Drivers - Government policies promoting renewable energy, including regulations, tax breaks, and subsidies, are driving the global expansion of solar street lighting [1]. - Countries like China, India, and the UAE prioritize energy-efficient solar street lights in urban infrastructure projects to reduce reliance on traditional electricity [1]. Market Segmentation By Product Type - In 2025, Light-Emitting Diode (LED) lights held a 72.20% market share due to their energy efficiency and low maintenance [7]. - Compact Fluorescent Lamps (CFLs) are the fastest-growing segment with a CAGR of 18.60% [7]. By Connection Type - Standalone systems led the market in 2025 with a 61.40% share, favored for their independence from the grid [8]. - Grid Connected systems are growing rapidly with a CAGR of 18.40%, driven by smart city initiatives [8]. By Application - Urban Areas accounted for 40.50% of the market in 2025, supported by urbanization and smart city initiatives [9]. - Rural Areas are the fastest-growing segment with a CAGR of 17.40%, providing off-grid solutions [9]. By End-User - The Commercial sector led the market with a 45.30% share in 2025, focusing on energy-efficient solutions for large-scale projects [10]. - The Residential segment is growing fastest with a CAGR of 19.80%, driven by awareness of renewable energy [10]. Regional Insights - The Asia Pacific region dominated the market in 2025 with over 42.10% revenue share, supported by urbanization and government backing for renewable energy [11]. - This region is also the fastest-growing, with a CAGR of 16.71%, due to rising demand in urban and rural areas [12]. Key Market Players - Leading companies in the solar street lighting market include Signify N.V., SOKOYO Solar Group, and Su-Kam Power Systems Ltd., among others [4].

Core Insights - Shell has entered into a long-term agreement to supply renewable energy to Ferrari until the end of 2034, aimed at assisting the luxury car manufacturer in reducing its carbon emissions [1] Company Summary - Shell will provide renewable energy to Ferrari, indicating a strategic partnership focused on sustainability [1] - The deal is set to last until the end of 2034, highlighting a long-term commitment to renewable energy supply [1] Industry Summary - The agreement reflects a growing trend in the automotive industry towards sustainability and reducing carbon footprints [1] - Collaborations between energy companies and automotive manufacturers are becoming increasingly important in the transition to greener energy solutions [1]

Core Viewpoint - TotalEnergies is considering divesting from its wind and solar power assets in Asia to reduce its debt load, with potential sales expected to fetch several hundred million dollars [1][2]. Group 1: Divestment Plans - TotalEnergies has wind and solar assets in Taiwan, South Korea, Indonesia, and Australia, and is also contemplating reducing its 19% stake in India's Adani Green Energy [2]. - The company previously indicated plans to sell all non-hydrocarbon energy assets outside of Europe, Brazil, and the United States [2]. - CEO Patrick Pouyanne expressed willingness to sell the Adani Green stake, which was acquired for $2 billion and is now valued at approximately $8 billion [3]. Group 2: Financial Strategy - In the third quarter, TotalEnergies sold some wind and solar assets in France and shale assets in Argentina as part of its strategy to reduce debt [3]. - The company aims for total divestments of $2 billion in the final quarter of the year [3]. Group 3: Industry Context - The potential divestments from TotalEnergies align with a broader trend in the industry, where companies like Shell and BP are refocusing on their core oil and gas businesses due to the energy crisis and challenges in clean energy projects [5].

Financial Performance & Guidance - Q3 2025 reported/adjusted EPS was $181[8] - The company is narrowing its 2025 adjusted EPS guidance range to $625-$635[8] - The company reaffirms a growth rate of 5%-7% through 2029, expecting to earn in the top half of the range beginning in 2028[9] Capital Plan & Growth - The company expects to announce a $95 billion capital plan for 2026-2030, with a potential additional upside opportunity of $10 billion[14] - The expected earnings base growth is ~85%+ for 2025-2030, compared to ~8% for 2024-2029[17] - The company has signed agreements for ~3 GW of data center projects[36] Regulatory & Financial Strategy - The company issued ~$1 billion of North Carolina storm securitization bonds in September and expects to issue ~$600 million of South Carolina storm securitization bonds by year-end[40] - The company is on target for 14%+ FFO/Debt by the end of 2025 and is targeting 15% FFO/Debt over the long term[40] - The company is targeting a 60%-70% dividend payout ratio[40] Carolinas Energy Transition - The Carolinas resource plan filed in North Carolina in October 2025 includes 5 CC units (6,825 MW) and 7 CT units (2,825 MW) by 2033, 5,600 MW of battery storage by 2034, and 4,000 MW of new solar by 2034[47]

Environmental Concerns & Solutions - Shanghai faces traffic and pollution issues due to millions of short trips [2] - Bike sharing is presented as a solution for cleaner air in Shanghai [1] - Transportation accounts for 30% of CO2 emission [3] - Cycling produces zero emissions [3] - Replacing 15% of urban car trips with bikes could reduce citywide emissions by 10% [3] Bike Sharing Challenges & Improvements - Dirty seats and trash baskets make bike sharing unappealing [4] - Robotic cleaning stations can address cleanliness issues [4] - Regular inspections every 3 to 4 months are needed for maintenance [5] - Promptly fixing flats and broken chains ensures rider safety [5] Call to Action & Impact - Encourages using bikes instead of cars for nearby trips [6] - If 1 in 10 people switch to bikes, Shanghai could reduce 50,000 tons of CO2 annually, equivalent to planting 1 million trees [6]

Core Viewpoint - Energy conservation and carbon reduction are crucial for achieving carbon peak and carbon neutrality, with the oil and chemical industry playing a significant role in this transition through three main strategies. Group 1: Capacity Transformation - The first strategy involves accelerating capacity transformation by promoting carbon capture, utilization, and storage (CCUS) projects, which will lead to industrialization of various petrochemical facilities [1] - The industry should focus on developing the hydrogen energy sector, increasing investments in projects like wind and solar hydrogen production, seawater hydrogen production, and blue hydrogen purification technologies [1] - Efforts should be made to deeply utilize waste heat and pressure from petrochemical facilities to minimize energy waste [1] Group 2: Process Reengineering - The second strategy emphasizes process reengineering, breaking down traditional production silos through raw material substitution, process innovation, energy restructuring, by-product recycling, and digital empowerment [2] - Petrochemical companies should prioritize low-carbon raw material substitution and adapt processes to reduce redundancy [2] - High-efficiency, low-consumption processes should replace traditional methods, promoting interconnectivity among facilities to reduce waste [2] - Advanced equipment should replace outdated machinery, focusing on steam production facility upgrades and using green gas alternatives [2] - Accelerating the construction of CCUS projects and resource recycling for waste catalysts and liquids is essential [2] Group 3: Carbon Emission Management - The third strategy involves improving the carbon emission management system by implementing a lifecycle carbon accounting and trading management system for petrochemical production [3] - A complete system should be established that quantifies carbon emissions, manages them, and incentivizes reductions through market mechanisms [3] - The entire process from crude oil extraction, transportation, refining, chemical synthesis, to product usage and disposal should be clearly defined for carbon accounting and assessment [3]

Core Points - Thermal Energy International Inc. has received a $1 million turnkey heat recovery order from a leading multinational building materials company [1][2] - The project involves the installation of three HeatSponge multi-pass two-stage boiler economizers, which are proprietary to the company's subsidiary, Boilerroom Equipment Inc. [1][2] - The project is expected to provide annual natural gas savings of 41,545 mmBTU and reduce greenhouse gas emissions by up to 2,202 metric tons CO₂ per year, representing a 10% reduction in the site's total CO₂ emissions [2] Financial Expectations - Revenue from this order is anticipated to be recognized within 12 months, with gross margins expected to align with historical amounts for similar turnkey projects [3] - The company’s overall gross margins are detailed in its quarterly disclosure materials [3] Company Overview - Thermal Energy International Inc. specializes in energy efficiency and emissions reduction solutions for large corporations, aiming to save customers money by reducing fuel use and carbon emissions [4][5] - The company’s proprietary solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations, offering a high return on investment with a short payback period [4][5] - Thermal Energy operates engineering offices in Ottawa, Pittsburgh, and Bristol, with sales offices across several countries including Canada, the UK, the USA, Germany, Poland, and Italy [5]