Thermal Energy International Inc., a leading provider of custom energy and emission reduction technologies for energy intensive industries, announced that it has signed a $750,000 contract for the installation of a heat recovery system at a major Ottawa hospital.
The company said its heat recovery system at the hospital will reduce carbon emissions by approximately 852 tonnes annually. It will also cut the hospital's steam requirements by 14 per cent.
"Our industrial and institutional energy efficiency solutions deliver not only cost and energy savings, but have the added bonus of maximizing carbon emission reductions without the typical markup for going green," said William Crossland, president and CEO of Thermal Energy International in a December 18, 2012 announecment. "We are making great inroads in our key markets by focusing on our sales and distribution strategy and continuing to enhance our corporate sales capabilities in order to capitalize and expand on our recent success."
The hospital's energy savings are expected to pay for the capital cost of the project in less than four years.
The hospital was not specifically named in the company's announcement.