HPAC Magazine

CIB and Enwave Form Partnership to Expand District Energy Projects In Toronto and Mississauga

CIB is expected to commit $600 million to the project which allows Enwave to accelerate and scale the build-out of its district energy systems.

November 9, 2021   Logan Caswell

Canada Infrastructure Bank (CIB) and Enwave Energy Corporation (Enwave) have completed a long-term agreement valued at $1.4 billion to accelerate and advance district energy projects in the Cities of Toronto and Mississauga.

CIB is expected to commit $600 million to the project which allows Enwave to accelerate and scale the build-out of its district energy systems.

District energy projects help decarbonize connected buildings by reducing typical electricity consumption by up to 80% and carbon emissions by up to 60%. These systems unlock the potential of energy efficiency and sustainable energy in providing a reliable source of heating and cooling while reducing facility operating costs.

The new investment represents a unique opportunity for Enwave to deploy sustainable technologies, such as wastewater heat recovery and Geoexchange, in delivering community-scale low-carbon energy for new networks in Toronto and Mississauga. Enwave will also expand and enhance the efficiency of its existing low carbon hot water district in Toronto, optimizing the base network. The projects will leverage Enwave’s expertise and strengths in design, construction, operations, and maintenance of district energy networks.

The projects are expected to help reduce greenhouse gas emissions by more than 67,000 tonnes every year.

cib-bic.ca

enwave.com

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