Yesterday we announced that the Tricar Group’s River Mill condominiums will be part of the Galt District Energy System.
Click here to read the news release, which has links with more information on what district energy is and how it works.
Click here to read an article from the Guelph Mercury.
Click here to read remarks from Barry Chuddy, CEO of Guelph Municipal Holdings Inc.
Here are my remarks from the event:
I’m thrilled to be here to officially announce that the Tricar Group’s River Mill condominiums will be the first residential building in Guelph to be heated and cooled by district energy.
The 18-storey River Mill condominium will be supplied with heating, hot water, and air conditioning by the Galt District Energy System.
River Mill is the third building to connect to the system – joining the Sleeman Centre and River Run Centre. These buildings don’t need their own furnaces, air conditioning units, or water heaters. They share energy through an underground network of pipes.
The central heating and cooling plant for the system is located in the Sleeman Centre – and as Rob mentioned you’ll have a chance to take a tour of it shortly.
District energy is a highly efficient way of heating and cooling. It provides reliable, cost competitive, and clean heating and cooling – while consuming less energy and generating fewer greenhouse gas emissions.
It also helps us make better use of local energy sources, creates local jobs, and keeps more energy dollars in Guelph.
I want to congratulate the Tricar Group for their leadership in being the first residential developer in Guelph to adopt district energy.
This is a significant demonstration of Tricar’s corporate citizenship and their commitment to environmental sustainability.
It’s also a significant demonstration of their confidence that district energy makes good business sense.
The Galt District Energy System is just one part of a planned city-wide district energy network for Guelph – the first of its kind in North America. The network will supply at least 50% of our community’s heating needs in the next 30 years.
Our plans for a district energy network – and indeed the Community Energy Initiative itself – are founded on the principle that there is a strong business case to be made for them.
North America has been slow to recognize the immense opportunity that district energy systems offer in this era of global energy volatility.
Guelph is ahead of the pack. We are strengthening our energy efficiency and security – and this is giving us a competitive advantage.
I am thrilled that the Tricar Group has embraced this opportunity, and I want to once again thank and congratulate them for their leadership.
The Tricar Group is playing a major role in the renewal of our downtown. The River Mill and River House condominiums represent some of the most significant residential development we have seen in our downtown in decades.
We are grateful to have such an outstanding developer, with such a strong commitment to environmental sustainability, as part of this effort.
We’re also grateful for the leadership and commitment of Guelph Hydro Inc. and Envida Community Energy. Guelph Hydro and Envida are key partners in the implementation of the Community Energy Initiative – and our announcement today would certainly not have been possible without their efforts.
Finally, I want to thank everyone for coming today to learn more about district energy.
District energy will play an important role in Guelph’s future – not only our energy future, but our economic future. Today’s announcement is an exciting step to realizing that vision.