#CityofToronto, #JohnTory, #CarlyleCoutinho, #EnwaveEnergyCorporation, #Enwave, #TransformTOClimateActionStrategy
Toronto, May 1 (Canadian-Media): A partnership between the City of Toronto and private energy provider Enwave Energy Corporation (Enwave) have been established to facilitate advancement of the objectives of the City's TransformTO Climate Action Strategy, media reports said.
The City and Enwave have decided co-develop, through this partnership, low-carbon thermal energy networks in Toronto.
Low-carbon thermal energy networks reportedly use energy from renewable sources, such as heat recovery, geo-exchange and solar thermal, to heat and cool multiple buildings in an area.
"This public-private partnership is an innovative approach to achieving scale and momentum," said Mayor John Tory. "Along with delivering cost-effective greenhouse gas emission reductions, the projects will generate investments in our economy, provide employment and improve our resilience."
John Tory/Facebook page
Low-carbon thermal energy networks have been identified by the City's TransformTO Climate Action Strategy as a key source to reduce greenhouse gas emissions from buildings.
An 80 percent reduction in local greenhouse gas emissions by 2050, based by on 1990 levels have been targetted by this strategy.
Homes and buildings generate about half of the greenhouse gas emissions in Toronto today.
“Our customers, the City and Torontonians will all benefit from a continued reduction of greenhouse gas emissions, which is why we are proud to collaborate with the City under an innovative structure to drive value on multiple levels,” said Carlyle Coutinho, President and Chief Operating Officer, Enwave Canada.
Enwave, owned by Brookfield Infrastructure and its institutional partners, has assets in Toronto, Chicago, New Orleans, Houston, Las Vegas, Los Angeles, Seattle, Portland, Windsor, London and Charlottetown.
Enwave, together with its affiliates, is a fully integrated, sustainable energy services provider and operates intelligent thermal energy systems that generate, store, distribute and share energy in its different forms across all of its communities.