Thermal Energy International Inc. has received an order from a new hospital customer for its GEM venturi steam traps. The contract is valued at approximately $500,000.
“This is our third significant hospital order in the last eight weeks for a combined total of more than $2.4 million,” said William Crossland, CEO at Thermal Energy. “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.”
Converting the hospital’s steam system over to GEM traps is expected to provide the hospital with fuel and maintenance savings of approximately $282,000, resulting in a project payback of less than two years. The GEM traps are also expected to reduce the hospital’s carbon emissions by 1,085 tonnes per year. The order is expected to be completed and revenue substantially earned over the next six months.
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 the company’s products have provided to hospitals can be found on its website at www.thermalenergy.com/hospitals.