Allied, Enwave and RioCan to expand thermal energy system in Toronto
February 9, 2018 — Allied Properties, Enwave Energy Corporation and RioCan are working together to extend Enwave’s existing Deep Lake Water Cooling and hot water distribution networks by building a new energy storage facility housed at The Well.
The Well is a mixed-use residential, commercial and retail development by RioCan and Allied, located in Toronto.
The companies say this collaboration is the first one of its kind in Canada and will provide surrounding communities with access to sustainable cooling and heating solutions.
The thermal energy storage facility consists of two 6-million-litre tanks underneath The Well. The tanks will store temperature-controlled water fed by Enwave’s existing Deep Lake Water Cooling system and newly developed high-efficiency hot water network.
The water is pumped through a network of underground pipes connected to Enwave's existing system. Thermal energy will be distributed and stored during off-peak times (i.e. overnight) and conserved so it can be deployed when needed. This reduces the burden of cooling and heating on the energy grid, paritcularly during periods of peak demand, the companies say.
Additioanlly, it will expand the existing system’s capacity with the ability to serve over 20 million sqf of commercial, retail and residential space.
“This agreement enables the extension of Enwave’s system to The Well and allows our tenants as well as commercial, retail and residential sites in the downtown west and surrounding areas to conserve energy and reduce Toronto’s carbon emissions,” said Ed Sonshine, CEO of RioCan.
By decentralizing energy supply and reducing the load on the electricity grid, particularly during periods of peak demand, the companies say it enables a more reliable and flexible source of energy.
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