Energy and environment solutions provider Thermax has come up with a unique multi-fuel boiler solution for industrial users looking to switch from a conventional portfolio to a green one with the flexibility of switching inputs.

Thermax Babcock & Wilcox Energy Solutions – a subsidiary of the energy and environment solutions provider Thermax - has come up with a unique multi-fuel boiler solution for industrial users looking to switch from a conventional portfolio to a green one with the flexibility of switching inputs. The business unit has introduced the multi-waste solution, FlexiSource, to provide energy input flexibility. It overcomes the challenge of the availability of fuels caused due to geopolitical developments, other costs and environmental factors.

Fuel flexibility is a trend and the ability to offer energy transition technologies is one of the growth drivers for Thermax. Ashish Bhandari, Managing Director & CEO, Thermax, said, “Thermax is the only company in India offering this range of multi-fuel options. The company has already got four orders and more are in the pipeline. With Russian gas not available, there is a renewed interest in biomass in Europe now, which has been a shot in the arm for the Thermax business based in Denmark, where they are seeing an increase in orders.”

The FlexiSource has the ability to run 14 different types of fuels and one of the backup fuel options is coal. “So, customers can run municipal solid waste, bagasse, variety of different biomass through the boiler and continue to produce energy even if some of these inputs are not available, they can run it on coal,” he added.

Meanwhile, Thermax Group posted a consolidated operating revenue of Rs 1,654 crore in the first quarter of FY 2022-23, up 57% compared Rs 1,052 in Q1 FY 2021-22. Profit after tax (PAT) stood at Rs 59 crore, up 40% as compared to Rs 42 crore in the corresponding quarter of FY 2021-22. As on June 30, 2022, the order balance for the quarter was Rs 9,554 crore (Rs 6,109 crore), up 56%. Order booking for the quarter was 36% higher at Rs 2,310 crore (Rs 1,696 crore). The performance was driven by strong order inflow from diverse sectors, including refineries, steel, power, and chemicals. In addition, Thermax witnessed an upward trend in demand from sugar/distilleries and paper & pulp industries for green offerings.