|Asset type||Heating / Cooling|
|Major asset locations||Canada|
|Initial IFM investment||June 2021|
|Head office location||Toronto, Ontario, Canada|
Enwave’s vision is to be the partner of choice in the energy transformation towards net-zero carbon, by deploying leading-edge cooling & heating solutions at commercial scale.
Enwave’s district energy systems have a highly efficient design that connect many customers with diverse consumption profiles to a centralised, low carbon energy source. Key examples of Enwave’s innovative technologies are outlined below.
Deep Lake Water Cooling (DLWC), Toronto
Enwave’s world-renowned DLWC system draws its energy from the bottom of Lake Ontario as a renewable source of cooling for Toronto’s downtown core. The system can deliver energy savings of ~80% compared to a traditional chiller and is undergoing a major capacity expansion.^
Thermal Storage, Toronto
Enwave designed and installed a state-of-the-art thermal storage facility underneath “The Well” mixed-use development precinct. The 2-million-gallon facility harnesses renewable energy from Lake Ontario during off-peak times, easing strain on the electricity grid and reducing costs.
In partnership with the City of Markham and Mattamy Homes, Enwave is using GeoExchange technology to deliver sustainable energy to a residential community of over 300 homes. The technology, which harnesses thermal energy from the ground, can deliver a ~75% reduction in carbon emissions compared to a typical natural gas system.