Enbridge Sustain and Blackstone Energy Services team up with CIB on building retrofits
T he Canada Infrastructure Bank ( CIB ) is helping to accelerate the reduction of greenhouse gas emissions in Ontario by making a $ 200-million loan available through a partnership with Enbridge Sustain to enable deep retrofits of large buildings .
Enbridge Sustain intends to leverage this capital to execute deep energy retrofit projects in existing buildings . CIB and Enbridge Sustain expect the total retrofit programme value to be up to approximately $ 300 million .
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The partnership will provide Enbridge Sustain and Blackstone customers , including but not limited to colleges , universities , multi-residential buildings and hospitals , with a suite of decarbonisation solutions from design through construction , operation and maintenance .
Blackstone and Enbridge Sustain will offer retrofit solutions such as the conversion of heating / cooling systems to geothermal , solar generation , electric vehicle infrastructure , heat recovery , Smart Building controls and backup power generation .
The retrofits will replace existing lower-efficiency equipment with new technologies aimed at driving long-term energy savings which are used to repay the initial capital costs .
The Enbridge Sustain agreement has pushed the CIB above $ 1 billion in financing towards sustainable building retrofits . Buildings are one of the largest sources of GHGs in Canada , accounting for around 18 % of total emissions .
Smart Grid market set to reach US $ 123.24 billion by 2030
distribution management and control is fuelling the growth of the global industry . Key drivers of industry expansion include the growing popularity of Smart Metres , government initiatives at the regional level and increased investments in Smart Grid projects .
T he latest report published by Kings Research reveals that the global Smart Grid market size was recorded at US $ 39.18 billion in 2022 and is estimated to grow to USD 123.24 billion by 2030 , exhibiting a CAGR of
13.57 % through the projection period of 2023 – 2030 . The demand for Smart Grids is rising globally , driven by increasing power consumption and favourable government regulations . The widespread adoption of centralised network
A Smart Grid is an electrical network that controls and manages the transport of power from all generating sources to satisfy the needs of end consumers . Smart Grids coordinate the demands and opportunities of all producers , network operators , end users and electrical market stakeholders to maximise the efficiency of all system components . Market vendors are concentrating on reducing costs and environmental impacts while increasing system reliability , resilience , flexibility , and stability . There is a rising need to reduce blackouts caused by ageing electrical infrastructure , and these irrational outages can be prevented with the use of Smart Grid technologies .
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