Our recent Spring round up email newsletter has just been circulated and it’s a great snapshot of what we have been up to at Thermal Energy recently.
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As we roll into April, this round up provides a collection of some notable news and updates from Thermal Energy, including a wonderful endorsement from one of our major customer’s Danone.
Though we rarely release the names of our customers, Danone’s COO put Thermal Energy in the spotlight recently by publicly highlighting our energy recovery system at their Haps site in the Netherlands. In his words;
“The roll-out follows the successful implementation of the same technology at our Macroom site in Ireland. Energy consumption there has already been reduced by 12%.”
Danone's ambitious ReFuel energy efficiency and decarbonization program aimed at achieving a 30% improvement by 2025, showcases our dedication to delivering substantial energy efficiency gains for our valued customers across their whole site population.
Watch them install our heat recovery system here.
The Top Performer on the TSX Venture Exchange…Almost!
During the 12 months from December 31, 2022, to December 31, 2023, Thermal Energy's share price grew an impressive 140%.
Each year, the TSX Venture 50 recognizes the top performers on the TSX Venture Exchange. Our growth was poised to secure the top spot, except for one criterion: a minimum share price of $0.25 as of December 31, 2023. Unfortunately, we closed the day prior at $0.245, narrowly missing the mark by half a cent. Nevertheless, we are proud of this achievement, which underscores the exceptional dedication of our team and sets a solid foundation for our continued success.
It has been a busy time at Thermal Energy. Not only have we moved our European team into new larger premises in Bristol UK, but we have also expanded our team. Adding exceptional new people helps us deliver our robust backlog of signed projects and our strong PDA order book.
Our brilliant engineers work in partnership with our global customer teams building confidence in our projects and technologies, ultimately getting the projects done and delivering the savings we promise. A warm welcome to all of our new colleagues.
We took the stage in two Virtual Investor Conferences hosted by the OTC Markets Group, where we showcased Thermal Energy as a profitable path to net-zero. Our presentations were well-received in both the Small-Cap Growth and Clean/Renewable Energy sectors.
In late January, we proudly announced a remarkable 71% increase in revenue growth and significantly improved profitability for the second quarter of FY2024. Keep an eye out for our Q3 report in April, as we continue to drive growth.
Save the date! Thermal Energy will be making waves at ACHEMA in June 2024 in Frankfurt, Germany. ACHEMA, renowned as a premier trade show for the large process industries, offers an unparalleled platform to showcase our innovations on a global scale.
TEI has been commissioned by a leading speciality chemicals producer to design, manufacture and install a turnkey heat recovery project.
Thermal Energy has been commissioned by a leading snack food manufacturer to install a heat recovery system designed to support its sustainability...
TEI has been commissioned to design and implement an extensive heat recovery project with a major US dairy group.