TORONTO, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Enwave Energy Corporation (Enwave) celebrated the groundbreaking of a new waste processing facility in Prince Edward Island today at PEI Energy Systems in Charlottetown. Anticipated to be fully operational in 2028, the new, state-of-the-art facility will replace the existing end-of-life system and provide energy to its customers through the interconnected district energy network. Enwave has worked closely with the Province of Prince Edward Island to identify and d ...

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].

Core Insights - SHARC International Systems Inc. has announced its Wastewater Energy Transfer (WET) system as a key component of Creative Energy's Sen̓áḵw Energy System, which supports the largest real estate development in Canadian First Nations history [2][4] - The Sen̓áḵw project will feature 11 buildings with over 6,000 rental homes, aiming to create Canada's largest net-zero operational carbon community [5][6] - The project is expected to reduce carbon emissions by 120,000 tonnes over 30 years, equivalent to planting 5.5 Stanley Parks or 165,000 acres of trees [6] Company Overview - SHARC Energy specializes in energy transfer systems that utilize wastewater, providing energy-efficient solutions for heating, cooling, and hot water production [10] - The company is publicly traded in Canada, the United States, and Germany, and is recognized as a leader in the development of district energy systems [11] Industry Context - District Energy Systems (DES) or Thermal Energy Networks (TEN) provide thermal energy to multiple buildings from a central plant, utilizing highly insulated underground piping [3] - The Metro Vancouver region is emerging as a leader in utilizing wastewater for energy transfer, showcasing climate leadership and potential for decarbonization [8] - Recent legislative support in several U.S. states is promoting the development of thermal energy networks, indicating a growing trend in the industry [9]