Latest news with #heatrecovery
CTV News
18 hours ago
- Business
- CTV News
Could Bitcoin mining be used to heat Vancouver's Kitsilano Pool?
A pitch to use the heat from bitcoin mining to warm the beleaguered Kits Pool is on the agenda at a crypto conference where the mayor will be speaking. Loading the player instance is taking more time than usual Loading the player instance is taking more time than usual A Vancouver group believes it has a solution to address financial and structural issues with the city's popular Kitsilano Pool – Bitcoin mining. Jarret Vaughan, with Kits Pool Swimmers, said he wants the pool to stay open year-round, and to maintain its length during an upcoming rebuilding process, but recognizes it will be very expensive. 'In searching for a solution, what we discovered was that Bitcoin mining produces an enormous amount of heat,' he said. There are organizations such as Burnaby-based MintGreen that make digital boilers that capture heat, Vaughn said, suggesting that extra heat from mining Bitcoin could be used to warm the pool. 'What's really important to understand is that with Bitcoin mining, there is no additional energy needed to heat the pool,' he said. 'Run the system 24/7' Colin Sullivan, the CEO and founder of MintGreen, said depending on a number of factors, the system could generate two Bitcoin per month – and he believes the digital boilers could alter the pool's future. 'The benefit to the city is you have an opportunity to run the system 24/7, 365 and not only not have that be a cost, but have that be a profit centre to heat it as well,' he said. Vaughan, an adjunct professor at the University of British Columbia's Sauder School of Business, said he's had discussions with the park board and Mayor Ken Sim about the feasibility of the idea. The city confirmed staff met with the group earlier this year as part of the preliminary feasibility study for the Kitsilano Pool replacement. 'If the city and park board decide to pursue alternative heating technologies in the future, potential providers would be considered through the city's standard procurement process to ensure fairness, transparency and competitiveness,' the city said, in a statement. Greenwashing Werner Antweiler, an economics professor at the University of British Columbia, called the idea an exercise in Bitcoin greenwashing. 'The proponents want to make Bitcoin mining look 'sustainable' even though Bitcoin mining overall is a highly environmentally destructive activity because of its outsized electricity use worldwide,' he said. Antweiler also questioned what the municipality would do if the digital boiler failed to make a profit and had to be shut down. 'Would the municipality be without heating for their pool?' he asked. 'Would they have to replace it with another source? There are too many uncertainties here for a municipality to take on such a risk.' Bitcoin conference Both Vaughan and Sullivan will be discussing this proposal in a panel called 'Heating Kitsilano Pool with Bitcoin Mining,' scheduled this weekend at the Learning Bitcoin conference. Sim will also be speaking at the conference during a talk called 'Bitcoin and the City of Vancouver.' Green Coun. Pete Fry said there's a number of important issues Sim should focus on, and that crypto is not one of them. 'Similar to dismissing the park board, these seem to be the priorities of the mayor that are disconnected from what I think the people of Vancouver are looking for in leadership,' he said. 'That's not crypto investments.' The mayor's office told CTV News: 'Mayor Sim's focus remains on the priorities that matter most to Vancouverites: making our city safer, building more housing, faster, and making life more affordable for all residents.' In December, 2024 City Council passed Sim's motion asking staff to make the city 'bitcoin friendly.' Staff are expected to present this report in the Fall.
CTV News
19 hours ago
- Business
- CTV News
Bitcoin mining to heat Vancouver public pool?
Vancouver Watch A pitch to use the heat from bitcoin mining to warm the beleaguered Kits Pool is on the agenda at a crypto conference where the mayor will be speaking.
Globe and Mail
26-06-2025
- Business
- Globe and Mail
Thermal Energy Secures $1 Million Follow-on Order for Heat Recovery Project from Global Pharmaceutical Leader
Canadian cleantech firm to provide equipment for heat recovery project at one of the Fortune 500-listed customer's U.S. manufacturing facilities Ottawa, Ontario--(Newsfile Corp. - June 26, 2025) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) (" Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today announced a custom equipment order valued at just over $1 million from one of the world's largest pharmaceutical companies. This order stems from a Project Development Agreement, which led to Thermal Energy's largest engineering contract to date, announced on February 11, 2025. The equipment ordered includes the Company's proprietary FLU-ACE® Heat Recovery System. All figures are shown in CAD. "We are proud to continue our partnership with this global pharmaceutical leader and further support their sustainability initiatives through our proven heat recovery technology," said William Crossland, CEO of Thermal Energy International. "As we disclosed back in February, this customer prefers to approve this project in stages. Having already completed the $500,000 in detailed engineering for this project, we are pleased to receive this follow-on order of $1 million for equipment, bringing our total order value to date to approximately $1.5 million for this project. This latest order is also a testament to the strength of our engineering expertise and the reputation our proven technologies have for driving energy efficiency gains and reducing carbon emissions. Our solutions align well with this customer's significant carbon emission reduction targets and commitment to the United Nation's Race to Zero campaign. We look forward to fostering a strong relationship with this customer, which has several manufacturing sites around the world that have the potential to benefit from our technologies." The proprietary equipment ordered, is part of a multi-stage heat recovery project that, when completed, is expected to reduce the site's natural gas usage and related CO₂ emissions by 12.5%, eliminating up to 2,038 metric tons CO₂ per year. ENDS Notes to editors About Thermal Energy International Inc. Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to Fortune 500 and other large multinational companies. We save our customers money by reducing their fuel use and cutting their carbon emissions. Thermal Energy's proprietary and proven solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations while delivering a high return on investment with a short, compelling payback. Thermal Energy is a fully accredited professional engineering firm with engineering offices in Ottawa, Canada, Pittsburgh, USA, as well as Bristol, UK, with sales offices in Canada, UK, USA, Germany, Poland, and Italy. By providing a unique mix of proprietary products together with process, energy, and environmental engineering expertise, Thermal Energy can deliver unique, site-specific turnkey and custom engineered solutions with significant financial and environmental benefits for our customers. Thermal Energy's common shares are traded on the TSX Venture Exchange (TSX-V) under the symbol TMG and on the OTCQB under the symbol TMGEF. For more information, visit our investor website at or company website at and follow us on Twitter at Cautionary Statements This press release contains forward-looking statements relating to, and amongst other things, based on management's expectations, estimates and projections, the anticipated effectiveness of the Company's products and services, the timing of revenues to be received by the Company, the expectation that orders in backlog will become revenue, the anticipated benefits of the Company's current efforts at training and business improvement efforts, opportunities for growth, the Company's belief that it can capitalize on opportunities, the size of markets and opportunities open to the Company. Information as to the amount of heat recovered, energy savings and payback period associated with Thermal Energy International's products are based on the Company's own testing and average customer results to date. Statements relating to the expected installation and revenue recognition for projects, statements about the anticipated effectiveness and lifespan of the Company's products, statements about the expected environmental effects and cost savings associated with the Company's products and statements about the Company's ability to cross-sell its products and sell to more sites are forward looking statements. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, some of which are outside of the Company's control, could cause events and results to differ materially from those stated. Fulfilment of orders, installation of product and activation of product could all be delayed for a number of reasons, some of which are outside of the Company's control, which would result in anticipated revenues from such projects being delayed or in the most serious cases eliminated. Actions taken by the Company's customers and factors inherent in the customer's facilities but not anticipated by the Company can have a negative impact on the expected effectiveness and lifespan of the Company's products and on the expected environmental effects and cost savings expected from the Company's products. Any customer's willingness to purchase additional products from the Company and whether orders in the Company's backlog as described above will turn into revenue is dependent on many factors, some of which are outside of the Company's control, including but not limited to the customer's perceived needs and the continuing financial viability of the customer. The Company disclaims any obligation to publicly update or revise any such statements except as required by law. Readers are referred to the risk factors associated with the Company's business as described in the Company's most recent Management's Discussion and Analysis available at # # # Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Bloomberg
14-05-2025
- Business
- Bloomberg
How Finland Is Harvesting Waste Heat From Data Centers
When Finnish engineer Ari Kurvi takes a hot shower or turns up the thermostat in his apartment, he's tapping into waste heat generated by a 75-megawatt data center 5 kilometers away. As its computer servers churn through terabytes of digital information to support video calls, car navigation systems and web searches, an elaborate system of pipes and pumps harvests the cast-off energy and feeds it to homes in the town of Mantsala in southern Finland. Since it began operation about a decade ago, the data center has provided heat for the town. Last year, it heated the equivalent of 2,500 homes, about two-thirds of Mantsala's needs, cutting energy costs for residents and helping to blunt the environmental downsides associated with power-hungry computing infrastructure. Some of the world's biggest tech companies are now embracing heat recovery from data centers in an effort to become more sustainable.
