Thermal Energy International Inc. has been commissioned by a Global Nutrition Company to deliver its fourth consecutive turn-key energy efficiency and carbon emission reduction solution. All figures are shown in CAD. Thermal Energy develops long-term and far-reaching relationships with its multinational clients.

With this order, Thermal Energy will have delivered 4 Turn-key FLU-ACE® heat recovery projects for this global nutrition manufacturer and installed GEMTM steam traps in 19 of their sites across Europe and North America. In total Thermal Energy has delivered over $5.1M in energy efficiency and carbon emission reduction solutions for this customer. In 2019, Thermal Energy installed a FLU-ACE® heat recovery project at one of the customer's infant milk processing plant, valued at approximately $1.4 million.

This project was designed to recover and reuse energy currently lost through the boiler's exhausts, to provide heat for the pasteurizing, fermentation and drying processes on site. In 2020, Thermal Energy installed a second FLU-ACE® heat recovery system at the same site, valued at approximately $840 thousand. This project was designed to increase the efficiency of the site's dryer.

Recovering and repurposing energy currently lost through the dryer exhaust, the solution will provide heat for the makeup air to the dryer, as well as contribute to building heating. In 2021, the Company announced a third turn-key heat recovery solution valued at over $900,000, designed to recover and repurpose energy currently lost from the boiler exhausts at a further site in Europe. Even though existing modern boiler economizers were already in place, Thermal Energy's technologies allowed for more heat recovery than the existing systems to complement, not replace them.

This new FLU-ACE® heat recovery system is designed to recover waste energy from the dryer burner exhaust. The scope of this order covers all engineering, manufacturing, installation, and training for the system, valued at over $1.4 million. This solution is expected to deliver approximately $630,000 of annual fuel savings and offset in excess of 1530 Tonnes of CO2 per year - the equivalent of permanently removing more than 300 cars from the road.

The project is expected to be completed and revenue earned within 9 months.