Cleantech firm Thermal Energy International (TSX-V:TMG) continues to score lucrative contracts.
The Ottawa-based company, which develops large-scale energy efficiency systems, announced this week it has landed a $2.3-million contract to install two of its proprietary heat-recovery systems at the European facilities of a multinational animal nutrition and agriculture company.
This will be Thermal’s second and third heat-recovery system installations at the unnamed customer’s production sites. The repeat customer also has the firm’s steam-trap systems installed at five of its sites across the world.
OBJ360 (Sponsored)
![uOttawa Faculty of Engineering](https://assets.obj.ca/2024/06/Engineering-20240624_114812_0000-300x169.jpg)
uOttawa’s Faculty of Engineering is filling skill gaps in the tech industry
University of Ottawa’s Faculty of Engineering has been preparing for this moment for years, proactively adapting its curriculum to meet the evolving demands of the technology sector and the Ottawa
![uOttawa Faculty of Engineering](https://assets.obj.ca/2024/06/Engineering-20240624_114812_0000-300x169.jpg)
uOttawa’s Faculty of Engineering is filling skill gaps in the tech industry
University of Ottawa’s Faculty of Engineering has been preparing for this moment for years, proactively adapting its curriculum to meet the evolving demands of the technology sector and the Ottawa
Thermal CEO William Crossland said in a statement that the recurring business from this multinational customer speaks to the Ottawa company’s drive to become a “one-stop shop” for energy-efficiency installations.
This past year alone, Thermal Energy has announced numerous multimillion-dollar contracts with large customers, primarily in various sectors of the food and beverage industry. The firm reported second-quarter revenues of $5.2 million, an increase of 39 per cent year-over-year, with an order backlog of more than $10 million as of Jan. 29.