Thermal Energy International Inc.

Description

Thermal Energy International Inc caters to the energy efficient needs of the industrial and institutional sectors by providing them emission reduction solutions to decrease their fuel use and carbon emissions.

The company claims to leverage through a huge customer base that includes Fortune 500 companies to establish itself as a professional engineering firm.

The company’s claims that its product line is integrated with process, energy, environmental and financial professional knowledge of thermal energy.

The product line of Thermal Energy International Inc includes:
• FLU-ACE® Heat Recovery
• Dry Rex biomass dryers
• Vent condenser
• GEM steam traps

The energy solutions firm says that the products can deliver significant energy savings of 10-30 per cent, reduce carbon emissions, give effective financial returns with one to five years of paybacks, improved water efficiency, improved product quality and increased production efficiency.

The company claims to efficient energy products with longevity of more than 15 years. It operates through offices in Ottawa, Bristol, U.K, Canada, USA, China and Italy.

The clean technology company has its shares listed on the TSXV under the symbol ‘TMG’ and on the New York Stock Exchange under ‘TMGEF’ ticker.

The firm says that its energy efficient products has application in different industrial sectors such as:
• Food and Beverage
• Pulp and Paper
• Hospitals
• Pharmaceuticals
• Chemicals and Petrochemicals
• Other Industry Sectors

In pulp and paper industry, most amount of mill’s energy is used for drying the product. The FLU-ACE heat recovery technology recovers this heat that is usually lost during the drying process and converts it into water.

The firm says that conventional mechanical traps have moving parts and require maintenance, whereas its product comes with a 10-year warranty and virtually require zero maintenance.

Other industries like rubber manufacturing, laundry operations, universities, mining and resources, and construction also uses its products, the energy solutions firm claims.

In April 2021, the firm claims to have expanded to a manufacturing, administrative and distribution center in the US market through its wholly owned subsidiary Boilerroom Equipment Inc (BEI).