$910,000 heat recovery order is thermal energy's third significant hospital order in past month


Thermal Energy International Inc. ("Thermal Energy" or the "Company") (TSXV: TMG), a global provider of proprietary energy efficiency solutions to the industrial, commercial and institutional sectors world-wide, today announced that it has received an order valued at approximately $910 thousand from a major hospital group for the installation of one of the Company's proprietary FLU-ACE(R) heat recovery systems. The order is expected to be fulfilled and revenue earned over the next six months.

"We have a proven track record of helping hospitals save money by reducing their fuel bills while also lowering their greenhouse gas emissions," said William Crossland, CEO of Thermal Energy. "This is our third significant hospital order in the past month, for a combined total of $3.4 million. For this particular hospital, we were able to help them obtain attractive utility incentive funding, which will improve their return on investment. This hospital is significant to us as it is part of a larger healthcare organization that includes a number of hospitals and healthcare facilities. As such, it fits in well with our strategy of pursuing larger, multi-site customers that we can cross-sell to and develop into corporate accounts."

The FLU-ACE(R) heat recovery system to be installed at this site is expected to provide the hospital a 4.4 year payback of its investment, with continued savings throughout the unit's more than 20 year operational life expectancy.

For more information on how Thermal Energy has reduced the energy costs and greenhouse gas emissions for hospitals, including several case studies, please visit the Company's website at www.thermalenergy.com/hospitals.

 



December 4, 2015


Topic Area: Press Release


Recent Posts

Design, Compartmentation, Training: How Defend-in-Place Strategies Can Protect Patients

Effective defend-in-place strategies depend on compartmentation, fire-rated assemblies and ongoing staff training to protect patients who cannot quickly evacuate.


Milestone Marked with Topping Out Ceremony for BayCare Hospital Manatee

Construction remains on schedule, with crews continuing work on interior spaces, infrastructure and clinical areas throughout the facility.


NYC Health + Hospitals Experiences Third-Party Data Breach

The healthcare organization was notified that a business associate, Solventum Health Information Systems, suffered a data security incident.


Making AI Work for Predictive Maintenance

AI can support predictive maintenance by helping managers anticipate equipment failures, reduce downtime and improve operational efficiency.


Thomas Jefferson University Unveils Plans for Sidney Kimmel Medical College in Allentown, PA

Located at One Center Square, in downtown Allentown, the campus will include more than 54,000 square feet of newly constructed medical education space.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

 
 
 
 

Healthcare Facilities Today membership includes free email newsletters from our facility-industry brands.

Facebook   Twitter   LinkedIn   Posts

Copyright © 2023 TradePress. All rights reserved.