Enwave Green Heat™ Plant Commissioned at Pearl Street Energy Centre

Core Viewpoint - Enwave Energy Corporation has launched its new Enwave Green Heat™ Plant, marking a significant advancement in providing low-carbon heating solutions to Toronto's district energy system, thereby supporting the decarbonization and electrification of buildings in the city [1][5]. Group 1: Plant Development and Capacity - The Enwave Green Heat™ Plant was initiated in 2018 and officially broke ground in May 2023, featuring a three-story addition to the existing Pearl Street Energy Centre [2]. - The plant will have a cooling capacity of 3,600 tons and a heating capacity of 62,000 MBH, with the potential to displace up to 11,600 tCO2e in carbon emissions compared to traditional energy generation methods [2][3]. Group 2: Operational Efficiency and Infrastructure - The plant will utilize waste heat from Enwave's Deep Lake Water Cooling system, which serves various customers, to produce hot water through an electrified heat pump, enhancing the efficiency of the existing energy infrastructure [3]. - The total electricity demand of the new plant is approximately 6MW, with a design that allows for a peak demand reduction of up to 6MW, thereby supporting the reliability of Ontario's electricity system [4]. Group 3: Strategic Partnerships and Financial Support - The project received financial backing from Canada's Low Carbon Economy Fund and the Canada Infrastructure Bank, which provided a $600 million aggregate facility to support innovative energy projects [7][8]. - Enwave collaborates with various partners, including construction and consulting firms, to ensure the successful commissioning of the new plant [8]. Group 4: Broader Impact and Future Goals - The Enwave Green Heat™ Plant aligns with Ontario's Integrated Energy Plan, aiming to provide sustainable energy solutions and support the province's energy needs for the future [3]. - The initiative contributes to Toronto's goal of achieving net-zero emissions by 2040, showcasing Enwave's commitment to innovation and sustainability in the energy sector [5][7].