Kyotherm acquired between October and December 2017 a portfolio of 6 biomass boilers (wood chips) with a total capacity of 5 MW, and signed an Engineering, Procurement and Construction (EPC) contract for a 7th 1 MW biomass boiler. These installations, all located in Scotland, will provide renewable heat to hotel resorts, spas, nurseries, commercial spaces, and industrial sites. The estimated annual renewable heat production is 24 GWh/year, thus reducing greenhouse gas emissions by 5,200 tons per year and creating 4 permanent local jobs.