Surging cleantech firm Thermal Energy lands $2.9M in new orders
The Ottawa-based cleantech firm, which posted revenues of $5.6 million in its most recent quarter, has landed a pair of new contracts worth a total
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William Crossland
Thermal Energy gains steam as new orders roll in, revenues rise 60% in Q3
Ottawa-based cleantech firm’s order backlog stood at $18.5 million as of April 20, up from $5.6 million in February 2022.
Thermal Energy eyes listing on U.S.-based OTCQB public market
Mid-tier over-the-counter market consists mostly of early-stage companies.
Cleantech firm Thermal Energy closes fiscal year with record-setting orders
Coming off a money-losing quarter in which its revenues fell significantly year-over-year, Ottawa cleantech firm Thermal Energy International closed the latest fiscal year with record-setting
Thermal Energy sees steep drop in Q3 revenues amid stricter COVID protocols
Ottawa cleantech firm reported revenues of $3.7 million for the three-month period ending Feb. 28, down from $5.8 million a year earlier.
Ottawa’s Thermal Energy beefs up U.S. manufacturing operations
Ottawa-based firm says new facility in Pennsylvania will help it meet growing demand for its technology that recycles wasted energy from boiler plant and steam
Cleantech firm Thermal Energy sees signs of hope despite major drop in Q2 revenues
Despite the steep drop in sales, the company still managed to boost its net profit to $580,000 from $385,000.
Ottawa’s Thermal Energy wins $770K contract with Canadian hospital
It’s the latest deal in what CEO William Crossland said is shaping up to be a big year for local cleantech firm.
Coming off record fiscal year, Ottawa’s Thermal Energy books $1.5M hospital contract
Local cleantech firm reported record revenues of $21.4 million in fiscal 2019, up two per cent from a year earlier.
Thermal Energy stepping up R&D after projects delayed in wake of COVID-19
The firm said that despite nearly doubling its revenues in the third quarter, it’s now in a “period of uncertainty” as businesses around the world
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