$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

AI Adoption on the Rise Among Leaders

AI usage increased in all markets in the fourth quarter of 2025.


TriasMD Officially Opens DISC Surgery Center at Tarzana

At 10,930 square feet, DISC Surgery Center at Tarzana includes three high-technology operating rooms and 11 patient care bays.


Goshen Health Announces Partnership with Parkview Health

Through this partnership, Goshen anticipates becoming Parkview's largest hospital outside of Fort Wayne and will serve as a regional hub for care, access and growth.


Severe Winter Weather: What Healthcare Facilities Must Prioritize

Prioritizing critical systems and strategies is key to protecting patients, staff and operations during severe winter weather.


Recovery Centers of America Opens New Facility in Florida

Spanning 19 acres, the campus will include seven buildings, a pond, an outdoor recreation area with a pool, a full basketball court and a rock-climbing wall.


 
 


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.