Canadian cleantech company, Thermal Energy International (TSXV: TMG), announced a $500,000 hospital order this morning for its GEM venturi steam traps. Converting over to GEM steam traps is expected to provide the hospital with fuel and maintenance savings of approximately $282,000, resulting in a project payback of under two years. The GEM traps are also expected to reduce the hospital’s carbon emissions by 1,085 tonnes per year.
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“This is our third significant hospital order in the last eight weeks for a combined total of more than $2.4 million. Hospitals consume vast amounts of energy. Our hospital customers see the value of becoming more environmentally sustainable and seek out savings opportunities that include using energy more wisely. By implementing our energy efficiency solutions, additional resources can be reallocated for core medical services including staff and equipment, while also contributing to a healthier environment through reduced emissions.” - William Crossland, President & CEO of Thermal Energy.
The increased energy efficiency and reliability of GEM steam traps mean short paybacks and permanent energy savings with no deterioration of those savings over time. The life cycle cost of the GEM steam trap is significantly lower than for conventional steam traps.
Unlike the traditional mechanical steam traps that will be replaced at the hospital, Thermal Energy’s venturi orifice designed GEM steam traps have no moving parts to wear or fail and come with a ten-year guarantee. Several case studies demonstrating the proven benefits Thermal Energy’s products have provided to hospitals can be found on the Company’s website at www.thermalenergy.com/hospitals.
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