The City of Richmond’s district energy utility could service up to 50 million square feet over time with the signing of a memorandum of understanding between the Canada Infrastructure Bank (CIB) and Lulu Island Energy Company for a new energy project.
The new Lulu Island Energy Company district energy project involves expanding the City’s current district energy systems from 330,000 square metres (3.6 million square feet) to more than 4.7 million square metres (50 million square feet) over time, conditional to approval by Richmond city council.
Lulu Island Energy Company is a municipal corporation established to implement and operate district energy utility systems. The City of Richmond currently has three district energy utilities (DEU): the Alexandra DEU, the Oval Village DEU, which services the waterfront community around the Richmond Olympic Oval, and the City Centre DEU.
The DEUs are a centralized way of producing heating and cooling systems in a neighbourhood using energy from central plants and other sources in the network.