At this year's Discovery 2018 conference, Ontario Centres of Excellence (OCE) is planning a special showcase of Green House Gas (GHG) reduction projects and technologies in a special GHG Reduction Zone on the show floor. Our recent Resolute Thunder Bay Heat Recovery Project, funded under OCE’s TargetGHG program, is such a great example of this type of Ontario based initiative that OCE has chosen to showcase Thermal Energy at Booth #1350 in the GHG Reduction Zone. We graciously accepted the honour and we will be on site at the Metro Toronto Convention Centre from April 30th to May 1st to share information on our innovative and award winning energy efficiency technologies and how they substantially reduce GHG while saving industries up to 30% in energy costs. Click on the GHG Target image above to set-up a meeting with Thermal Energy International at Discovery 2018! About Discovery 2018
Discovery is Canada's leading innovation-to-commercialization conference, occurring this year between April 30 and May 1, 2018. Hosted by Ontario Centres of Excellence (OCE), Discovery brings together key players from industry, academia, government, the investment community as well as entrepreneurs and students to pursue collaboration opportunities. Garnering over 3,600 attendees and more than 540 exhibitors in 2017, Discovery is a showcase of leading-edge technologies, best practices and research from sectors such as health, manufacturing, digital media and cleantech, including energy, environment and water. Renowned keynote speakers and panels ignite discussion, knowledge-sharing and new perspectives. Networking opportunities feature key influencers from government, academia, industry and leading sectors. Discovery facilitates the exchange of ideas and encourages new ways to collaborate and push the boundaries of research and innovation through to demonstration and development. Creating a strong innovation economy is key to Ontario's future.
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Thermal Energy is on site at Consejo Colombiano de Eficiencia Energética (CCEE) on April 17 and 18, 2018 in Colombia. Come visit us at booth #12.
The conference focuses on useful topics for the development of energy efficiency projects including: energy policy and regulation, tax incentives, successful projects and case studies, technology and best practices to develop waste heat recovery projects. The CCEE is as NGO established in 2011. CCEE was the first private initiative in Colombia which established itself as an independent non-profit organization with the aim of promoting the adoption of best practices and technology related to energy efficiency and renewable energy in Colombia. Heat Recovery Technology a Great Fit for Hospitals Looking to Cut Energy Bills and GHG Emissions3/26/2018 Earlier today we announced that we received an order from a teaching hospital for one of our proprietary FLU-ACE® heat recovery systems. The FLU-ACE condensing heat recovery system is to be installed on the exhausts from two existing hot water boilers and one CHP. The waste heat will be used to generate hot water for use in hydronic heating and domestic hot water.
Based on our analysis of the information gathered on site, we expect the FLU-ACE system to provide the teaching hospital with annual savings of approximately $220 thousand, while reducing greenhouse gas emissions by 1,007 tonnes per year. Hospitals are very energy-intensive facilities In terms of Btu per square foot, inpatient health care facilities are the second most energy-intensive facility type across the United States, according to the Energy Information Administration. Just what makes them so energy-intensive? Well for starters, hospitals are open 24 hours a day and are occupied by hundreds or thousands of employees, patients, and visitors. They tend to have sophisticated heating, ventilation, and air conditioning systems to control temperatures and air flow. Moreover, many energy-intensive activities occur in hospitals: laundry, medical and lab equipment use, sterilization, food service, refrigeration, and computer and server use. Why FLU-ACE is a smart choice for hospitals About 15% to 20% of the energy used in a boiler plant is lost up the boiler stack. FLU-ACE is a direct contact condensing heat recovery system that recycles the heat normally lost through the boiler flue gas exhaust. It effectively recovers this waste energy and uses it to preheat a heat sink – this could be water for your space heating, domestic hot water, boiler feed water, or outside air heating. By replacing the existing load with our recovered energy, many hospitals have been able to prove savings of 20% on their fuel bills. Be sure to check out our case studies showing the proven benefits of our energy efficiency solutions for hospitals. Thermal Energy International is pleased to announce that we will be an exhibitor at Tissue World Miami 2018 from March 20-23, 2018 at the newly renovated Miami Beach Convention Center. We will be on hand to talk about our amazing energy efficiency solutions and how they are saving pulp and paper mills money while making them greener at the same time. Visit us at Booth H430 and learn more about our amazing GEM Steam Traps and our FLU-ACE Heat Recovery System. About Tissue World Miami
North America's largest tissue paper exhibition and part of the international Tissue World portfolio established since 1993, Tissue World Miami is the 9th edition of Tissue World trade show and conference in North America, bringing over 200 exhibiting companies and 2500 visitors together on a biennial basis. The trade show and conference provides the opportunity to meet and network with industry experts, key decision makers and fellow professionals from across the entire tissue value chain, ranging from finished product manufacturing, converting to machinery, suppliers, distribution and retailing. Thermal Energy International is at PaperWeek 2018 in Montreal, Quebec. PaperWeek Canada is the most important annual conference and tradeshow serving the pulp and paper and forest products industries in Canada. We were happy to attend and take part in the discussion and exchange of ideas encompassing technology, operational improvements, and business development among the sector's key players. Above: Our advertisement in the February edition of ACCESS Magazine, on display at PaperWeek Canada. Check out our article in ACCESS Magazine featuring an update on our energy efficiency mega project with Resolute FP Canada in our prior post, here. Back in December we announced an $11 million energy efficiency project with Resolute FP Canada Inc. The project, which included the installation of two FLU-ACE® Heat Recovery Systems and the conversion of the mill’s steam traps to Thermal Energy’s proprietary GEM Steam Trap system, represents the Company’s largest heat recovery and largest GEM orders to date. Recently, four of our engineers went to the Resolute pulp and paper mill in Thunder Bay, Ontario to conduct an onsite survey and specification process to properly size and replace the facility’s existing mechanical traps with high-efficiency GEM Steam Traps. For more details on this project, please read our article below courtesy of ACCESS Magazine. Thermal Energy International implemented a FLU-ACE® Condensing Heat Recovery System on the pulp machine exhaust at a pulp mill in Canada. Heat sources considered for the application included boiler plant flue gas, lime kiln scrubber exhaust, smelt dissolving tank scrubber exhaust, pulp dryer exhaust, and recovery boiler exhaust. Ultimately the pulp dryer exhaust was selected due to its proximity to users, high temperature and humidity, steady flow, and low fouling potential. The FLU-ACE system was designed to deliver some 50 MMBtu/hr of energy to plant systems (peak winter performance), saving 50,000 pounds and hour of steam to be fed back into existing steam turbines to generate more electricity. This energy was previously discharged and lost to the atmosphere in the form of hot air and water vapor in the pulp dryer exhausts. The “free energy” from the exhaust was used to heat and preheat:
The system was implemented on a turn-key basis and was completed on budget and schedule. Thermal Energy Team Makes Donation to Help Make Clean Water Accessible to Kenyan Elementary Students12/18/2017 As this is the season of giving, the team at Thermal Energy has made a donation to the Kenya Project, organized by our neighbour, Pastor Jordan Kiirya of River Jordan Ministries. The donation will go towards the installation of a solar powered water pump and water purification system for a well that serves 300 children who attend the Capstone Preparatory School in Eldoret, Kenya. Pastor Jordan Kiirya discussed the project on CTV recently. We have included the video below. Currently, about 43% of Kenyans do not have access to clean water. This project aims to make a difference by helping ensure that these elementary school kids can spend their time at school learning rather than collecting dirty water or being sick from waterborne illnesses.
If you would like to learn more about this project, or would like to make a contribution, please contact our neighbour, Pastor Jordan Kiirya at River Jordan Ministries. - Project qualified for funding from the Ontario Centres of Excellence TargetGHG program - OTTAWA, ONTARIO– December 8, 2017 – Thermal Energy International Inc. (“Thermal Energy” or the “Company”) (TSX-V: TMG), a global provider of industrial and institutional energy efficiency solutions, is pleased to announce further details regarding the $11 million energy efficiency project it announced on December 5, 2017. As announced by the Ontario government today, this project with Resolute FP Canada Inc. (“Resolute”), which includes the installation of two of Thermal Energy’s proprietary FLU-ACE® Heat Recovery Systems and the conversion of steam traps to Thermal Energy’s proprietary GEM™ Steam Traps, has secured $5 million in funding from the Ministry of Research, Innovation and Science through the TargetGHG Industrial Demonstration Program (“TargetGHG Stream 1 Program”) administered by Ontario Centres of Excellence (OCE). Thermal Energy has been working in partnership with Resolute for more than a year, to not only design, develop and now implement a heat recovery and steam conservation project that meets the energy savings and greenhouse gas reduction goals of Resolute’s Thunder Bay, Ontario mill, but to also, at the same time, apply for and secure funding for the project from OCE’s TargetGHG Stream 1 Program. “Our ability to match our technology with the funding program and the client, and to manage and lead the application process was a key component to landing this project and the funding,” said William Crossland, CEO of Thermal Energy. “This demonstrates that, we can not only deliver a project, but also identify and win the applicable funding for our customers as well. This combination of product and service provides a tremendous added value offering for our clients in a space where carbon taxes and funding opportunities for GHG reduction projects are steadily growing.” Supported by the Ontario government with funding from the Ontario Green Investment Fund, the TargetGHG Stream 1 Program is designed to encourage large Ontario industrial plants to adopt leading-edge emission reduction technologies from Ontario based solution providers such as Thermal Energy International. Adopting leading-edge clean technologies helps to keep Ontario industry globally competitive, and building better, stronger cleantech companies serves to increase Ontario’s market share in a rapidly expanding global sector. The stated benefits of the TargetGHG Stream 1 Program for a solution provider like Thermal Energy include:
The application to the TargetGHG Stream 1 Program was a competitive multi-step process requiring: a detailed implementation plan and a third party assessment of GHG emission reductions and environmental co-benefits, information regarding the technology, value proposition, team and the use of funds. The third party assessment of GHG emission reductions must be carried out by an accredited verification body (accredited to ISO 14065) and provide validation of project-level GHG emission quantification. A successful application also required a full review by an External Review Panel (ERP), comprised of sector experts. Preference was given to projects that, among other things, demonstrated the following:
“This project truly highlights the compelling case for improving energy efficiency and is a major win-win scenario for all involved,” said William Crossland. “Improving energy efficiency is systematically cheaper than other greenhouse gas reduction solutions. This project is expected to result in natural gas savings of more than 35% while reducing the mill’s greenhouse gas emissions by more than 20%, or approximately 43,000 metric tonnes. The estimated annual reduction in greenhouse gas emissions resulting from the project is equivalent[1] to the benefit from installing 11 large scale wind turbines with an estimated cost of about $47 million[2]. With a high return on investment and short, compelling paybacks, our proven energy efficiency solutions do not really cost money, they save money. We are pleased to have our proven technologies included in the OCE’s TargetGHG incentive program and hope to leverage this to further develop our connections within Ontario’s cleantech ecosystem.” Supporting the efforts of large industries in their quest to reduce their greenhouse gas emissions is an important part of our government’s Climate Change Action Plan,” says Reza Moridi, Minister of Research, Innovation and Science. “With the help of our province’s innovative cleantech companies, the TargetGHG program will help build a prosperous, low carbon economy and create a cleaner, more sustainable future for Ontario.” Read the official announcement from the Ontario Centres of Excellence by clicking on the following links:
This project represents Thermal Energy’s largest heat recovery and largest GEM orders to date and is expected to be substantially completed and revenue earned over the next 18 months.
About Ontario Centres of Excellence (OCE) Inc. OCE drives the commercialization of cutting-edge research across key market sectors to build the economy of tomorrow and secure Ontario's global competitiveness. In doing this, OCE fosters the training and development of the next generation of innovators and entrepreneurs and is a key partner with Ontario's industry, universities, colleges, research hospitals, investors and governments. A champion of leading-edge technologies, best practices and research, OCE invests in sectors such as advanced health, digital media and information communications, advanced manufacturing and materials, and cleantech including energy, environment and water. OCE is a key partner in delivering Ontario's Innovation Agenda as a member of the province's Ontario Network of Entrepreneurs (ONE). Funded by the Government of Ontario, the ONE is made up of regional and sector-focused organizations and helps Ontario-based entrepreneurs rapidly grow their company and create jobs. About Resolute Forest Products Inc. Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including market pulp, tissue, wood products, newsprint and specialty papers, which are marketed in over 70 countries. The company owns or operates some 40 manufacturing facilities, as well as power generation assets, in the United States and Canada. Resolute has third-party certified 100% of its managed woodlands to internationally recognized sustainable forest management standards. The shares of Resolute Forest Products trade under the stock symbol RFP on both the New York Stock Exchange and the Toronto Stock Exchange. About Thermal Energy International Inc. Thermal Energy International Inc. is an established global supplier of proprietary, proven energy efficiency and emissions reduction solutions to the industrial and institutional sectors. We save our customers money and improve their bottom line by reducing their fuel use and cutting their carbon emissions. Our customers include a large number of Fortune 500 and other leading multinational companies across a wide range of industry sectors. Thermal Energy is also a fully accredited professional engineering firm and by providing a unique mix of proprietary products together with process, energy and, environmental engineering expertise, Thermal Energy is able to deliver unique turnkey projects with significant financial and environmental benefits for our customers. Thermal Energy's proprietary products include; GEMTM - Steam traps, FLU-ACE® - Direct contact condensing heat recovery, and Dry-Rex® - Low temperature biomass drying systems. Thermal Energy International Inc. has offices in Ottawa, Canada as well as Bristol, U.K., United States, Germany, Italy and China. The Company’s common shares are traded on the TSX Venture Exchange (TSX-V) under the symbol TMG. For more information, visit our website at www.thermalenergy.com and follow us on Twitter at http://twitter.com/GoThermalEnergy. William Crossland President and CEO Thermal Energy International Inc. 613-723-6776 bill.crossland@thermalenergy.com Trevor Heisler Investor Relations Heisler Communications 416-500-8061 trevor@heislercommunications.com # # # This press release contains forward-looking statements relating to, and amongst other things, based on management’s expectations, estimates and projections, the anticipated effectiveness of the Company’s products and services and the timing of revenues to be received by the Company. Information as to the amount of heat recovered, energy savings and payback period associated with Thermal Energy International’s products are based on the Company’s own testing and average customer results to date. Statements relating to the expected installation and revenue recognition for projects, statements about the anticipated effectiveness and lifespan of the Company’s products, statements about the expected environmental effects and cost savings associated with the Company’s products and statements about the Company’s ability to cross-sell its products and sell to more sites are forward looking statements. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, some of which are outside of the Company’s control, could cause events and results to differ materially from those stated. Fulfilment of orders, installation of product and activation of product could all be delayed for a number of reasons, some of which are outside of the Company’s control, which would result in anticipated revenues from such projects being delayed or in the most serious cases eliminated. Actions taken by the Company’s customers and factors inherent in the customer’s facilities but not anticipated by the Company can have a negative impact on the expected effectiveness and lifespan of the Company’s products and on the expected environmental effects and cost savings expected from the Company’s products. Any customer’s willingness to purchase additional products from the Company is dependent on many factors, some of which are outside of the Company’s control, including but not limited to the customer’s perceived needs and the continuing financial viability of the customer. The Company disclaims any obligation to publicly update or revise any such statements except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Improving energy efficiency in the industrial sector is being prioritised in many countries because of its importance in the pursuit of energy supply security, increasing economic competitiveness and in reducing greenhouse gases emissions. One of the most energy-intensive industries in North America and Europe, is pulp and paper. According to Statistics Canada, in 2014, the pulp and paper industry accounted for 24% of the total energy consumed by all manufacturing operations in the country. This was down from 31% in 2005. This decline reflects changes in the demand for certain paper products such as newsprint (Canada’s primary newsprint market, the United States, witnessed a considerable fall-off in newspaper circulation as more readers migrated to digital media sources), as well as energy efficiency improvements at various mills. Typical paper mills use most of their energy in the pulping and drying processes, but the specific energy consumption in pulp and paper production is a result of several factors, including plant size, product mix, processes used, the technical age of the mill, feedstock quality, plant capacity utilization, and climate conditions. Investment to improve energy efficiency in the pulp and paper industry can deliver large energy savings, improved productivity, and reduced environmental pollution. Opportunities to improve energy efficiency include: heat recovery, cogeneration, increased use of (self-generated) biomass fuel, and increased recycling of recovered paper, efficient motors and improved efficiency of steam use. The pulp and paper industry requires a typically high amount of power and heat in forms of hot air and/or steam. And, with such a high, steady demand for heat as well as power, many pulp and paper plants are perfectly positioned to take advantage of the benefits offered by Thermal Energy’s best-in-class heat recovery, cogeneration, and steam trap solutions. Our FLU-ACE® heat recovery technology can recover as much as 90% of the heat normally lost through dryer section / hood exhausts in the form of water at 50°C to 70°C. This is possible using the FLU-ACE’s unique direct contact (gas/liquid) packed-tower design, enabling optimal recovery of both sensible and latent heat, in widely varying operating conditions. The pulp and paper industry remains a prime candidate for cogeneration. Thermal Energy’s Super-Efficient Cogeneration™ solutions can provide up to 70% savings on electrical costs at a self-generated kWh cost of less than $0.04/kWh, and an additional 10% to 20% natural gas energy savings from up to 90% recovery of heat losses from existing exhaust streams. Our GEM™ steam traps help pulp and paper manufacturers achieve a 10% to 20% permanent reduction in steam costs. GEM steam traps have no moving parts, require virtually no maintenance, and come with a ten-year “no fail” performance warranty, which means increased reliability and less maintenance costs. Venturi orifice designed GEM steam traps can help eliminate water hammering problems, eliminate the cost of replacing failed traps, and improve a plant’s production output. Our pulp and paper customers recognize their social obligations and their role in the communities and countries in which they operate. In fact, many proactive forest-industry companies have brought responsible business practices visibly into their corporate strategies and communication efforts. We look forward to continuing to work with pulp and paper companies in helping them achieve their corporate energy savings and greenhouse gas reduction goals. |
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