A few months after booking its highest-ever full-year revenues, Thermal Energy International (TSX-V:TMG) says it’s received the largest single order in the company’s history.
The $11-million contract is with a “large pulp and paper customer” Canadian pulp and paper firm Resolute Forest Products, an existing client of the firm.
The Ottawa-based firm sells equipment that captures and reuses heat from the exhaust and steam traps of large buildings, such as hospitals and industrial facilities. This helps cut its customers’ energy bills and reduces emissions.
OBJ360 (Sponsored)

Legal tips for making workplace changes during a period of economic uncertainty
With the ongoing threat of severe trade disruptions and economic uncertainty in the air, business owners who have been economically impacted by the tariffs might be contemplating changes to their

Public-private collaboration is Canada’s innovation engine — but it needs fuel
Fidus Systems Inc.’s selection last year as AMD Adaptive Compute Partner of the Year is a reflection of the world-class talent the company has assembled in Ottawa. As the first
In the case of Resolute Forest Products, the $11-million installation will cut the client’s natural gas use at its Thunder Bay mill by 35 per cent and eliminate some 43,000 metric tonnes of greenhouse gas emissions, according to Thermal Energy, which says that’s the equivalent of removing 9,208 passenger vehicles from the road.
“Pulp and paper is one of the most energy-intensive sectors and our energy efficiency solutions represent a win-win scenario,” Thermal Energy CEO William Crossland said in a statement.
The company’s shares were up two cents, or 25 per cent, to 10 cents per share this week on the TSX Venture Exchange.