HPAC Magazine

Infrastructure Bank partnering on building decarbonization projects

June 13, 2024 | By HPAC Magazine

The $50 million investment with Efficiency Capital is focused on small-to-medium-sized buildings, with three new projects now under construction.

The Canada Infrastructure Bank (CIB) and Efficiency Capital have formalized a $50 million financial partnership to help small and medium-sized building owners across Canada decarbonize their facilities.

Businesses and building owners have already been onboarded to work with Efficiency Capital on new energy retrofit solutions, with projects in Alberta, Ontario and New Brunswick.

Efficiency Capital is a Canadian energy-as-a-service (EaaS) company that partners with building owners to deliver fully funded deep retrofit solutions which can include roof insulation, HVAC, heat pumps, automation systems, EV charging and renewable energy sources such as solar PV and geothermal.

Efficiency Capital is an ‘aggregator’ under the CIB’s Building Retrofits Initiative (BRI), which provides long-term investments for building retrofits to modernize and improve the energy efficiency of existing buildings.

The CIB created the aggregator program so that building owners both large and small can access its capital for low-carbon investments.





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