Thermal Energy International
Thermal Energy International is an Ottawa-based public company (TSXV:TMG) that designs, manufactures, and installs proprietary industrial energy-efficiency hardware — full venturi GEM steam traps and FLU-ACE direct-contact condensing heat recovery systems — delivered as turnkey engineering projects to Fortune 500 customers in food & beverage, pharmaceuticals, hospitals, and manufacturing.
- Company typePublic
- Founded1993
- HeadquartersOttawa, Canada
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
Thermal Energy International firmographics
Firmographics- Name
- Thermal Energy International
- Legal name
- Thermal Energy International Inc.
- Website
- https://thermalenergy.com
- Company type
- Public
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Thermal Energy International is an Ottawa-based public company (TSXV:TMG) that designs, manufactures, and installs proprietary industrial energy-efficiency hardware — full venturi GEM steam traps and FLU-ACE direct-contact condensing heat recovery systems — delivered as turnkey engineering projects to Fortune 500 customers in food & beverage, pharmaceuticals, hospitals, and manufacturing.
- Ownership category
- akta.pro rank
Thermal Energy International industry classification
Industry- Product category
- Industrial Energy Efficiency Equipment
- NAICS
- Power Boiler and Heat Exchanger Manufacturing (33241), Power Boiler and Heat Exchanger Manufacturing (332410), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)
- SIC
- Heating Equipment, Except Electric & Warm Air Furnaces (3433), Steam & Air-Conditioning Supply (4961)
- akta.pro primary industry
- Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)
- akta.pro secondary industries
- Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC), Boiler & Hydronic Heating Repair & Service (HSAOAHAG)
Keywords
Where Thermal Energy International is headquartered
LocationHeadquarters
- HQ city
- Ottawa
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
Thermal Energy International business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Industrial Heat Recovery Systems: Sale and installation of proprietary heat recovery equipment including FLU-ACE, Hybrid FLU-ACE, and HeatSponge economizers. Delivered as turnkey projects with engineering, design, installation, and commissioning services. Revenue recognized upon project completion.
- GEM™ Steam Trap Products: Sale of proprietary full venturi steam traps with engineering-led calibration, sizing, commissioning, and 10-year performance guarantee. Single-piece stainless steel traps individually calibrated to application requirements. Additional revenue from service contracts and support agreements.
- Project Engineering and Services: Comprehensive engineering services including steam system surveys using CREST tool, energy savings proposals, engineering-led calibration, commissioning, and ongoing support contracts. Services support both product sales and maintain long-term customer relationships.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Thermal Energy International product offering
Product offeringCore offering
Thermal Energy International designs, manufactures, and installs proprietary industrial energy efficiency and emissions reduction equipment, including GEM full venturi steam traps, FLU-ACE direct contact condensing heat recovery systems, Hybrid FLU-ACE, PERCO-ACE water heaters, HeatSponge economizers, and Rainmaker hot water systems. Solutions are sold as turnkey, custom-engineered projects with full survey, sizing, commissioning, and ongoing service support for industrial and institutional customers worldwide.
Product overview
Thermal Energy International offers a portfolio of industrial energy efficiency and carbon reduction solutions comprising proprietary hardware products and engineering services. The core product family includes GEM™ Steam Traps (full venturi steam trap technology eliminating mechanical failure), FLU-ACE™ (direct contact condensing heat recovery), Hybrid FLU-ACE™ (heat recovery combined with direct fired water heating), PERCO-ACE™ (direct contact water heating), HeatSponge™ economizers, and Rainmaker hot water/de-steaming systems. These products recover up to 80-90% of thermal energy lost at typical industrial sites, reducing fuel consumption and supporting long-term decarbonisation across industries including food & beverage, pharmaceuticals, hospitals, pulp & paper, and manufacturing.
Differentiator
Problem solved
Functional benefit
Brands
- FLU-ACE: Direct contact condensing heat recovery system that captures up to 90% of energy normally lost through boiler exhausts and recycles it as usable hot water
- GEM Steam Traps
- Hybrid FLU-ACE
- PERCO-ACE
- HeatSponge
- CREST
Products and services
- GEM Steam Traps Full venturi steam traps with no moving parts that permanently eliminate mechanical steam trap failure, reduce boiler fuel use by 5-15%, and are individually calibrated to application requirements with a 10-year performance guarantee; sold to industrial facilities such as food & beverage, pharmaceutical, and meat processing plants.
- FLU-ACE Direct contact condensing heat recovery system that captures up to 90% of energy normally lost through boiler or process flue gases and recycles it as usable hot water, delivering typical fuel savings of 15-20% with proportional emissions reductions; supplied as a turnkey installation for industrial and institutional customers.
- Hybrid FLU-ACE Combines flue gas heat recovery with high-efficiency direct fired water heating in a single compact system, achieving up to 99% fuel-to-water efficiency and producing up to 85°C water output for industrial and institutional hot water needs.
- PERCO-ACE Direct contact water heating system delivering up to 99% thermal efficiency for high-temperature hot water where steam cannot be fully removed, providing resilient supply while reducing boiler loading, fuel use, and emissions during the transition to lower temperature and hybrid heat systems.
- HeatSponge Economizer technology for recovering waste heat from boiler flue gases and transferring it to water streams, reducing fuel consumption and emissions for industrial boiler operations.
- Rainmaker Hot water and de-steaming solution that delivers reliable on-demand hot water while reducing or eliminating steam use, lowering emissions, and supporting decarbonisation of industrial and institutional hot water systems.
- Project Engineering and Services Comprehensive engineering services including steam system surveys using the CREST tool, energy savings proposals, engineering-led calibration, commissioning, and ongoing support contracts that accompany equipment sales and sustain long-term customer relationships.
Quantifiable outcome
- Reduce boiler fuel consumption by 15-20%
- +6 more outcomes
Companies that use Thermal Energy International
Customer profileNamed customers13 records
Segments7 records
Ideal customer profiles4 records
Thermal Energy International technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Thermal Energy International partnerships and signals
Strategic signalScale indicators15 records
Recent moves6 records
Expansion highlights5 records
Thermal Energy International competitors and assessment
Company assessmentBroad incumbents
- Cleaver-Brooks: US-based manufacturer of boilers and related heat recovery / economizer equipment. Competes with TEI on the boiler-side of heat recovery and has an established installed base in industrial and institutional customers.
- Spirax-Sarco Engineering: Global leader in steam specialty solutions, steam traps, and heat transfer technologies serving similar industrial customers. Listed on the LSE with multi-billion-dollar revenue, it is the dominant incumbent in the same steam and condensate management category TEI addresses.
- Alfa Laval: Global industrial equipment major offering heat exchangers, boilers, and energy efficiency solutions. Operates in the same heat transfer and industrial energy efficiency category as TEI but at vastly larger scale and broader product breadth.
- Kelvion (formerly GEA Heat Exchangers): Specialist heat exchanger manufacturer serving power, oil & gas, chemicals, and marine. Comparable to TEI's FLU-ACE and HeatSponge product family on the heat recovery/heat exchanger side, though with a much wider industrial portfolio.
Regional players
- Cochran: UK-based boiler and heat recovery equipment manufacturer. Directly adjacent to TEI's industrial steam and heat recovery solutions, particularly relevant in the UK and European markets where TEI has its Bristol headquarters.
- Forbes Marshall: India-based provider of steam engineering and control instrumentation with a strong presence across process industries in Asia. Competes with TEI on steam efficiency solutions and is comparable in product range, though regionally focused.
Emerging players
- Fulton Boiler Works: Specialty boiler and heat recovery equipment maker for industrial and commercial customers. Comparable in product overlap to TEI's HeatSponge and Hybrid FLU-ACE offerings on the heat recovery side of boilers.
- Energy Recovery Inc. US-listed provider of energy recovery devices for industrial and water applications. Less of a direct steam competitor but operates in adjacent industrial energy recovery and waste-heat-to-value categories that overlap with TEI's decarbonization thesis.
Direct peers
- TLV Corporation: Japanese-headquartered manufacturer of steam traps, condensate recovery, and energy-saving solutions. Comparable to TEI's GEM steam trap offering and serves overlapping industrial customers globally.
- Armstrong International: Privately held US manufacturer of steam traps, heat recovery, and hot water solutions. Directly competes with TEI in GEM-style steam traps and FLU-ACE-type heat recovery, particularly in food & beverage, pharma, and institutional customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Thermal Energy International social profiles
Digital presenceThermal Energy International compliance and trust
Trust signalCompliance4 records
Thermal Energy International financial estimates
Financial estimateRevenue estimate
Valuation estimate
Thermal Energy International leadership team
Management profileNumber of profiles
Profiles4 records
Thermal Energy International subsidiaries and ownership
Company hierarchySubsidiaries2 records
Thermal Energy International funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Thermal Energy International M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Thermal Energy International
What does Thermal Energy International do?
Thermal Energy International designs, manufactures, and installs proprietary industrial energy efficiency and emissions reduction equipment, including GEM full venturi steam traps, FLU-ACE direct contact condensing heat recovery systems, Hybrid FLU-ACE, PERCO-ACE water heaters, HeatSponge economizers, and Rainmaker hot water systems. Solutions are sold as turnkey, custom-engineered projects with full survey, sizing, commissioning, and ongoing service support for industrial and institutional customers worldwide.
Is Thermal Energy International a public or private company?
Thermal Energy International is a public company. It is classified as public and is currently operating.
When was Thermal Energy International founded?
Thermal Energy International was founded in 1993. It employs 51 to 100 people.
Where is Thermal Energy International based?
Thermal Energy International is headquartered in Ottawa, Canada, in the North America region.
How does Thermal Energy International make money?
Three revenue lines are on record. Industrial Heat Recovery Systems are the primary driver. The others are GEM™ Steam Trap Products and project Engineering and Services.
Who are Thermal Energy International's main competitors?
Broad incumbents on record are Cleaver-Brooks, Spirax-Sarco Engineering, Alfa Laval and Kelvion (formerly GEA Heat Exchangers). Regional players are Cochran and Forbes Marshall. Emerging players are Fulton Boiler Works and Energy Recovery Inc.. Direct peers are TLV Corporation and Armstrong International.
Does Thermal Energy International have an API?
No public API is recorded for Thermal Energy International.
What industry is Thermal Energy International in?
Thermal Energy International's product category is Industrial Energy Efficiency Equipment. Its primary akta.pro industry code is IMAHAEAC, Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers), with a secondary code of IMAHAKAC, Heat Exchangers & Thermal Transfer Equipment. Its NAICS code is 33241 and its SIC code is 3433.