Thermal Energy International (TSE:TMG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Thermal Energy International Inc. has embarked on a $1.9 million heat recovery project with a global materials company, aiming to cut carbon emissions by 977 tonnes annually and save the firm over $980,000 in energy costs each year. The project underscores the materials company’s commitment to meeting stringent carbon emission goals and highlights Thermal Energy’s successful expansion of their technology across the client’s European sites. The energy efficiency initiative, featuring the innovative FLU-ACE® system, is set to be fully implemented within nine months.
For further insights into TSE:TMG stock, check out TipRanks’ Stock Analysis page.