news & events

News & events

ENWAVE EXPANDS CANADIAN PRESENCE

PRESS RELEASE

TORONTO, July 05, 2017 (GLOBE NEWSWIRE)

Enwave Energy Corporation ("Enwave") is pleased to announce the completion of the acquisition of the district energy systems in London, Ontario and Charlottetown, Prince Edward Island from Veresen Inc.

The London system serves 60 customers with steam (200,000 pph capacity) and chilled water (4,200 ton capacity) and uses cogeneration (18 MW capacity) to sell electricity to the grid.

The Prince Edward Island system serves over 100 customers with hot water (250,000 pph capacity) through the use of bio-mass, municipal waste to energy, and fuel oil. Enwave has offered employment to all existing employees.

"The acquisition of the London and PEI systems expands our network and capabilities with two systems having a very strong track record for delivering sustainable energy solutions," said John Peri, Enwave President and CEO.  "With an experienced operating team and an established customer base, the district energy systems will deliver long-term value for our partners and stakeholders.  We see significant growth opportunities to expand the capabilities and capacity in both markets to better serve our existing and future customers."

About Enwave
Enwave Energy Corporation, a private corporation owned by Brookfield Asset Management and its institutional partners, is a fully integrated, sustainable energy services provider with operations in Toronto, Chicago, Houston, Las Vegas, New Orleans, Seattle, Windsor, Los Angeles, Portland, London and PEI. In each community, the company operates highly efficient thermal energy plants that distribute steam, hot water and/or chilled water to customer buildings.

For more information, contact:
info@enwave.com or 416-310-WAVE

ENWAVE ACQUIRES WEST COAST DISTRICT ENERGY PORTFOLIO

TORONTO, June 23, 2017 (GLOBE NEWSWIRE)

Enwave USA, through affiliates of Enwave Energy Corporation ("Enwave"), is pleased to announce the completion of the acquisition of district energy systems in Los Angeles, Portland and Las Vegas.

The Los Angeles system has chilled water capacity of 35,300 tons of cooling and a 7.8 mile distribution network, serving hotels, office buildings and residential towers in the Bunker Hill and Century City neighborhoods.  Enwave also acquired two sizeable operation and maintenance contracts in Los Angeles as part of the transaction.

The Las Vegas system has a capacity of 187,600 pph of steam and 32,420 tons of cooling, serving one of the largest Resort-Hotel-Casinos on the main Las Vegas strip. The Portland system has a chilled water capacity of 4,530 tons of cooling and a 2.5 mile distribution network, serving customers in the Brewery Blocks, a five-block shopping and professional district in downtown Portland.

Enwave has offered employment to all existing employees.

"The acquisition of these district energy systems allows Enwave to establish a presence in two attractive new markets, namely Los Angeles and Portland, while expanding our presence in Las Vegas," stated John Peri, Enwave President and CEO. "We are excited to continue delivering clean, reliable and cost competitive energy solutions to the customers in these markets and look forward to expanding these systems over time."

For more information, contact:
info@enwave.com or 416-310-WAVE

ENWAVE LEGACY IS REACHING NEW HEIGHTS

TORONTO December 5, 2014

There is a tradition of innovation at Enwave going back to our founding as a ground-breaking deep water cooling system in Toronto. That legacy is reaching new heights as the EnwaveUSA brand is established at district energy systems throughout the United States. Under the common ownership of Brookfield Infrastructure Group, EnwaveUSA is building a portfolio of systems that incorporate the latest in energy technology to better serve an expanding customer base. Here are a few examples of how we innovate at EnwaveUSA:

  • In Seattle, the Enwave network embraced biomass – heat generated from burning locally-sourced urban wood waste – to run a heating system that serves 200 downtown customers. First built back in 1893, Enwave Seattle converted to biomass in 2006, cutting the carbon footprint for the system and its customers by 50%. In addition to heating, Enwave Seattle steam is used to sterilize instruments at major downtown hospitals.
  • Our Enwave system in Chicago uses what is known as a “thermal storage’ approach to serve more than 100 downtown customers, including office buildings, condominiums and industrial sites. The thermal storage network freezes water during low-demand periods, then thaws the water and pumps it into cooling systems when customer demand is high.
  • Our Enwave network in New Orleans was first built in 1999 to serve just one hospital. Since then, the system has been upgraded and expanded, and currently covers customers with more than 12 million sq. ft. of downtown office space.
  • The Houston Enwave network runs cool water through 5.4 miles of pipe to air condition 24 office buildings in one of the hottest U.S. business centers. In Texas, we are known for dependability, as our Houston system has been 100% reliable since being launched in 1999.

ENWAVE PURCHASED BY BROOKFIELD ASSET MANAGEMENT

TORONTO November 1, 2012

Brookfield Infrastructure Partners L.P.On October 31, 2012, Enwave was purchased by Brookfield Asset Management Inc., a global alternative asset manager with over $175 billion in assets under management. Brookfield has over a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure, and private equity. Brookfield is listed on the New York and Toronto stock exchanges under the symbol BAM and on Euronext under the symbol BAMA.

Enwave Energy Corporation is a leading provider of innovative, sustainable energy services. With district energy operations in Toronto and Windsor, Ontario, the company provides environmentally friendly heating and cooling to many of the most prestigious buildings and landmarks in both cities. In Toronto, 40 km of underground pipes interconnect over 150 buildings to three steam plants and to the company’s world renowned Deep Lake Water Cooling system. Customers include all the major downtown hospitals, multi-residential and class A commercial office towers, entertainment facilities and government buildings. In Windsor, the Enwave managed system supplies hot and chilled water to the City’s Utilities Commission and the Windsor Casino.

With over 1,000 district energy systems operating in the United States and over 100 in Canada, the industry plays an important role in the broader energy sector – especially with respect to stated government objectives of achieving greater energy efficiency. Leveraging its proven reputation of bringing sustainable energy projects to market and drawing on its strong and stable financial base in Toronto, Enwave is well positioned to capitalize on many prospective growth opportunities both within the City of Toronto and throughout North America.

For more information, contact:
info@enwave.com or 416-310-WAVE

PRESS RELEASE

TORONTO February 22, 2012
Enwave Energy Corporation (“Enwave”) today announced that the Special Committee of the Board of Directors of Enwave has selected Scotiabank to act as financial advisor to Enwave in connection with the proposed sale of Enwave. Following the announcement by Enwave on November 30, 2011 that the shareholders of Enwave, the City of Toronto and Ontario Municipal Employees Retirement System, have directed the Board of Directors of Enwave to solicit proposals for a sale of 100% of the shares of Enwave through a competitive auction process, the Board of Directors of Enwave created the Special Committee to oversee the sale process. Scotiabank has been retained as financial advisor to Enwave to assist the Special Committee in their oversight of the sale process.

Enwave Energy Corporation is a leading provider of innovative, sustainable energy services. With district energy operations in Toronto and Windsor, Ontario, the company provides environmentally friendly heating and cooling to many of the most prestigious buildings and landmarks in both cities. In Toronto, 40 km of underground pipes interconnect over 140 buildings to three steam plants and to the company’s worldrenowned Deep Lake Water Cooling system. Customers include all the major downtown hospitals, multi-residential and class A commercial office towers, entertainment facilities and government buildings. In Windsor, the Enwave managed system supplies hot and chilled water to the City’s Utilities Commission and the Windsor Casino.

With over 2,000 district energy systems operating in the United States and over 100 in Canada, the industry plays an important role in the broader energy sector – especially with respect to stated government objectives of achieving greater energy efficiency. Leveraging its proven reputation of bringing sustainable energy projects to market and drawing on its strong and stable financial base in Toronto, Enwave is well positioned to capitalize on many prospective growth opportunities both within the City of Toronto and throughout North America.

PRESS RELEASE

TORONTO – The shareholders of Enwave Energy Corporation (“Enwave”), the City of Toronto and Ontario Municipal Employees Retirement System (“OMERS”), have directed the Board of Directors of Enwave to solicit proposals for a sale of 100% of the shares of Enwave through a competitive auction process. The Board of Directors of Enwave will create a special committee of the Board and retain a financial advisor to assist in their oversight of the process.

On November 30, 2011, Toronto City Council authorized the City of Toronto to sell its interest in Enwave. In connection with the proposed sale of their interests in Enwave, the City of Toronto and OMERS have waived their right of first refusal to purchase Enwave shares from a selling shareholder pursuant to the shareholders agreement between Enwave, OMERS and the City of Toronto. The change was made to promote an open auction process that maximizes the potential return to the two shareholders.

Enwave Energy Corporation is a leading provider of innovative, sustainable energy services. With district energy operations in Toronto and Windsor, Ontario, the company provides environmentally friendly heating and cooling to many of the most prestigious buildings and landmarks in both cities. In Toronto, 40 km of underground pipes interconnect over 140 buildings to three steam plants and to the company’s world-renowned Deep Lake Water Cooling system. Customers include all the major downtown hospitals, multi-residential and class A commercial office towers, entertainment facilities and government buildings. In Windsor, the Enwave managed system supplies hot and chilled water to the City’s Utilities Commission and the Windsor Casino.

With over 2,000 district energy systems operating in the United States and over 100 in Canada, the industry plays an important role in the broader energy sector – especially with respect to stated government objectives of achieving greater energy efficiency. Leveraging its proven reputation of bringing sustainable energy projects to market and drawing on its strong and stable financial base in Toronto, Enwave is well positioned to capitalize on many prospective growth opportunities both within the City of Toronto and throughout North America.

IDEA System of the Year Award—2011

2011 IDEA AwardCreated in 1992, the IDEA System of The Year Award is the highest honor IDEA can confer on a district energy system. It recognizes an exemplary district energy system providing high-level performance and service that further the goals of the district energy industry.

The 2011 winner was Enwave Energy Corporation, announced at the 102nd IDEA Annual Conference, held jointly with the Canadian District Energy Association, in Toronto, Ontario.The 2011 winner will be announced at the 103rd IDEA Annual Conference in Chicago, Illinois, June 30-July 3, 2012.

The IDEA System of the Year Award serves to:

  • Provide an industry benchmark for overall excellence.
  • Provide a platform for sharing ideas and efforts that have made systems successful.
  • Identify and recognize systems that illustrate the overall importance of district energy in the marketplace and in the long-term energy picture.
  • Further publicize district energy as a progressive industry that seeks constant improvement in the services it provides.

 

 

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