Industrial liquid/solid fluidized bed heat exchangers are commonly used with particle recycling systems to allow an increased superficial velocity and higher heat transfer rates. Here, experimental results are reported on a novel helical flow channel geometry for liquid/solid fluidized beds which allow higher heat transfer rates and reduced complexity by operating below the particle transport fluid velocity. This eliminates the complexity of particle recycle systems whilst still delivering a compact heat exchanger. The qualitative character of the fluidization was studied for a range of particle types and sizes under several inclinations of the helices and various hydraulic diameters. The best fluidization combinations were further studied to obtain heat transfer coefficients and pressure drops. Improvements over the heat exchange from a plain concentric tube in an annulus were obtained to the following degree: vertical fluidized bed, 27%; helical baffles, 34 to 54%; and fluidized bed with helical baffles, 69 to 89%.