news & events

May 25, 2007: Enwave Announces Maple Leaf Square will Connect to Deep Lake Water Cooling

Toronto, ON - Enwave Energy Corporation is pleased to announce that an agreement has been signed to provide Deep Lake Water Cooling to Maple Leaf Square.

Maple Leaf Square, a joint project between Lanterra Developments, Cadillac Fairview and Maple Leaf Sports & Entertainment, is currently under construction at York Street and Bremner Boulevard, adjacent to the Air Canada Centre. The new complex will include 110,000 square feet of Retail space including both a fine dining and high-tech sports-themed restaurant, a high-definition broadcast studio, a Leafs, Raptors & Marlies Retail Store and a Longo's. As well, the new complex will include 235,000 square feet of office space, a sports and entertainment themed boutique hotel, and two condominium towers.

"Enwave's Deep Lake Water Cooling system was the right decision for Maple Leaf Square. The sustainable design and integrity of this complex will be complimented by Enwave's environmentally responsible and renewable energy source," says Mark Mandelbaum, Lanterra Developments. "Both Cadillac Fairview and MLSE are strong supporters of Enwave's Deep Lake Water Cooling system with the TD Centre, RBC Centre and the Air Canada Centre as existing customers. It was only natural that Maple Leaf Square would follow suit."

Enwave's three intake pipes draw water from 83 metres below the surface of Lake Ontario. Naturally cold water makes its way to the City of Toronto's John Street Pumping Station. There, heat exchangers facilitate the energy transfer between icy-cold lake water and the Enwave closed chilled water supply loop. This cold energy cools Toronto's leading office buildings. Enwave uses only the coldness from the lake water not the actual water to provide the alternative to conventional air-conditioning.

"Enwave is pleased to join forces with Lanterra Developments, Cadillac Fairview and MLSE to provide another future Toronto landmark with Enwave's Deep Lake Water Cooling. It is a great pleasure to partner with such strong industry leaders to demonstrate that district energy is the first choice in the real estate marketplace." Dennis Fotinos, President & CEO, Enwave Energy Corporation.

Scheduled to open in 2009, Maple Leaf Square will have direct access to Union Station and will compliment events hosted by the Air Canada Centre.

February 5, 2007: Enwave Announces RBC Centre will be Connected to Clean, Reliable, Low-Cost Cooling Alternative

Toronto, ON - Enwave Energy Corporation is pleased to announce its newest cooling agreement with Cadillac Fairview for RBC Centre.

"Cadillac Fairview is extremely excited about having recently signed our chilled Water Services Agreement with Enwave for RBC Centre.", said John Sullivan, Executive Vice President, Development. "The partnership with Enwave goes hand-in-hand with Cadillac Fairview's commitment to the environment and using green technology in this state-of-the-art building."

"We are pleased to work with Cadillac Fairview once again to provide RBC Centre's tenants with a reliable, low-cost alternative to conventional cooling. Cadillac continues to demonstrate their commitment to improve the environment by adding RBC Centre to Enwave's district cooling system", said Dennis Fotinos, President and CEO of Enwave.

Enwave's Deep Lake Water Cooling system draws cold water from Lake Ontario at 4° C to naturally cool buildings. Through a closed loop system at the Enwave Energy Transfer Station, heat exchanges between the City's water supply and Enwave's water grid that cools buildings. Enwave uses only the coldness from the lake water not the actual water to provide the alternative to conventional air conditioning.
About RBC Centre

The RBC Centre, under construction at Simcoe and Wellington Streets, is scheduled for occupancy in 2009. The namesake tenants, RBC Financial Group and RBC Dexia Investor Services, will lease 620,000 square feet of the total 1.2 million square feet.

The $400 million dollar project will feature a ten-storey, 400,000 square foot podium with a 31-storey office tower, 15,000 square feet of retail, and over 400 parking stalls. It will also be connected to the future Ritz-Carlton Hotel & Residences (jointly owned by Cadillac Fairview, Ritz-Carlton and Graywood Developments) and Toronto's PATH system.

November 30, 2006: Enwave Announces Metro Centre will be Connected to Deep Lake Water Cooling

Toronto, ON - Enwave Energy Corporation is pleased to announce that Oxford Properties has agreed to provide Metro Centre with Enwave's Deep Lake Water Cooling.

"Adopting Enwave's Deep Lake Water Cooling technology at MetroCentre brings Oxford's total office space cooled with the system to 4.9 million square feet," said David Costello, Vice President, Real Estate Management, GTA Region. "We are proud to lead our industry in the use of renewable energy sources. Enwave's DLWC is a positive environmental choice and is good business, not only for Oxford, but also for our customer-tenants. We believe Deep Lake Water Cooling adds value to the property in the long term" said Costello.

Enwave's Deep Lake Water Cooling system draws cold water from Lake Ontario at 4° C to naturally cool buildings. Through a closed loop system at the Enwave Energy Transfer Station, heat exchanges between the City's water supply and Enwave's water grid that cools buildings. Enwave uses only the coldness from the lake water not the actual water to provide the alternative to conventional air conditioning.

"It gives me great pleasure to welcome two more Oxford buildings to the Enwave district energy network", said Dennis Fotinos, President & CEO of Enwave Energy Corporation. "With the connection of Metro Centre, Oxford continues to demonstrate by example their commitment to the environment and to cost containment for their tenants."