Zhang, who previously worked at Mitel and BluMetric, is replacing Julia Flynn, who is stepping down from the post at the end of the month.
The deal adds to Thermal Energy’s product portfolio and grows its distribution network to include larger commercial buildings and hot water boiler markets.
Ottawa-based firm sells equipment that captures and reuses heat from the exhaust and steam traps of large buildings, cutting energy use and emissions.
Clean-tech firm reports revenues of $3.2 million for three-month period ending Feb. 28, 2018.
Deal comes three months after record $11M contract with Thunder Bay mill
Thermal Energy’s FLU-ACE heat recovery systems are fuelling the growth. Revenues from that segment are up 132 per cent year-over-year in the first half of fiscal 2018.
Local firm secures $11M job with large pulp and paper customer
Local clean-tech firm reported revenue growth and a strong order backlog for its first quarter of fiscal 2018.
The clean-tech firm says in a release that the hospital is expected to save $950 million annually with the implementation of its heat recovery systems, and reduce its carbon emissions by 1,738 tonnes…
A spate of new contracts in fiscal 2017 have added some steam to Ottawa clean-tech firm Thermal Energy International’s balance sheet, pushing revenues to a record high.