Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
TORONTO, July 05, 2017 -- Enwave Energy Corporation ("Enwave") is pleased to announce the completion of the acquisition of the district energy systems in London, Ontario and Charlottetown, Prince Edward Island from Veresen Inc.
The London system serves 60 customers with steam (200,000 pph capacity) and chilled water (4,200 ton capacity) and uses cogeneration (18 MW capacity) to sell electricity to the grid.
The Prince Edward Island system serves over 100 customers with hot water (250,000 pph capacity) through the use of bio-mass, municipal waste to energy, and fuel oil.
Enwave has offered employment to all existing employees.
"The acquisition of the London and PEI systems expands our network and capabilities with two systems having a very strong track record for delivering sustainable energy solutions," said John Peri, Enwave President and CEO. "With an experienced operating team and an established customer base, the district energy systems will deliver long-term value for our partners and stakeholders. We see significant growth opportunities to expand the capabilities and capacity in both markets to better serve our existing and future customers."
About Enwave
Enwave Energy Corporation, a private corporation owned by Brookfield Asset Management and its institutional partners, is a fully integrated, sustainable energy services provider with operations in Toronto, Chicago, Houston, Las Vegas, New Orleans, Seattle, Windsor, Los Angeles, Portland, London and PEI. In each community, the company operates highly efficient thermal energy plants that distribute steam, hot water and/or chilled water to customer buildings.
Contact John Peri Chief Executive Officer Enwave Energy Corporation Phone: (416) 393-8025 Email: [email protected]
