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Summary
Enwave Energy Corporation (Enwave) announces a $100 million expansion of its Deep Lake Water Cooling (DLWC) system with the support of up to $10 million in federal funding. A sustainable energy project, DLWC draws cold water from Lake Ontario to cool hospitals, educational campuses, government buildings, commercial and residential buildings in Toronto’s downtown core. The project will reduce greenhouse gas emissions, reduce strain on the electricity and water systems, help support and attract new development, and make the city more resilient.
The Honourable Catherine McKenna, Minister of Environment and Climate Change, is in Toronto today to award Enwave and other recipients of the Low Carbon Economy Challenge, following a tour of Enwave’s John Street Pumping Station. As part of Canada’s clean growth and climate action plan, the Challenge fund provides $450 million to support projects that reduce emissions and generate clean growth.
The investment will help Enwave expand the capacity of its industry-leading DLWC system and serve sustainable cooling to an additional two million square metres of floor space – the equivalent of 40-50 buildings.
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