Recognized as a leader in innovative energy solutions, Creative Energy designs, builds, owns, and operates sustainable district energy systems and has been serving its customers for over 55 years with a reliability rate of 99.99%. One of their major current projects includes the revitalization and decarbonization of their downtown Vancouver steam plant which currently relies on natural gas-fired boilers in a central plant, producing heat that is distributed to customers as steam via a network of underground piping. Upon completion, this will be one of North America’s largest thermal fuel-switch projects and provide downtown Vancouver with renewable energy infrastructure.
As part of further decarbonization of the system, Creative Energy is now developing its Long-Term Resource Plan which will outline a strategy to transform this system into a zero-carbon utility, including converting the distribution system from steam to hot water to accommodate cutting-edge, clean technologies.
The integration of the Eavor-Loop™ with Creative Energy’s system has the potential to achieve a monumental impact on greenhouse gas (GHG) emissions in the Vancouver area, approximately 30,000 tonnes annually. As Canada continues to strive for net-zero emissions within the next few decades, this collaboration is poised to serve as a model for other urban areas aspiring to achieve carbon neutrality.
Eavor had only recently received the first grant awarded by the Canada Growth Fund, a $15 billion federal program that supports low-carbon initiatives. The CGF contributed $90 million to an equity round which totaled $182 million.