Launches spinoff to manage green energy business

Thermal%20Energy.jpgThermal Energy International Inc. establishes a green energy services company to manage the assets of its energy savings delivery program. Wholly owned subsidiary ForEverGreen Energy Inc. will manage Thermal’s AUD program, which derives revenue from energy savings accruing to customers using Thermal’s FLU-ACE waste heat recovery system, which captures radiant heat from a facility’s boilers and converts it into energy for other production processes.

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