Subterra Renewables and Enercare Launch Fully Integrated Heating and Cooling Solution

• Groundbreaking collaboration helps Canadian developers and consumers transition away from fossil-fuel powered systems to renewable geothermal energy
• Subterra to provide geothermal drilling and exchange systems installations via its utilities, energy-as-a-service model
• Enercare to provide ground-source heat pump technology via its “Enercare Advantage™” program

Toronto, Ontario, February 15, 2024 – Subterra Renewables group of companies (“Subterra”), North America’s leading geothermal energy utility provider, and Enercare Inc. (“Enercare”), one of Canada’s largest home and commercial services companies, announced today that the parties are launching a program to offer a fully integrated solution that will provide geothermal heating and cooling to Canadian homes.

According to the Government of Canada, homes and buildings account for almost 20% of national greenhouse gas (GHG) emissions reduction and up to 60% in urban Canadian centers like the City of Toronto. Recognizing the need to accelerate building electrification with renewables such as geothermal, Subterra and Enercare are collaborating to help new construction multi-residential and low-rise developments to meet their net zero GHG emissions targets. Working together, Enercare and Subterra will help developers build new residential homes with geothermal heating and cooling solutions, with the aim of substantially reducing GHG emissions and non-renewable energy use.

“This historic collaboration aims to revolutionize the home heating and cooling landscape with geothermal as a sustainable option that provides Canadians the assurance that greener living is attainable and affordable,” said Lucie Andlauer, CEO, Subterra. “This pioneering alliance is built on a shared belief system that Canadians should not have to choose between sustainable living and affordable living. We are thrilled to be providing a low-cost and hassle-free option for installing a proven geothermal system within our energy-as-a-service model.”

"We are proud to play our part in driving the decarbonization of Canadian homes and buildings,” said Nick Perreten, President and CEO, Enercare. “With Subterra’s long-standing experience in geothermal drilling, geo-exchange installations and operations management, and Enercare’s expertise in providing heating and cooling solutions across Canada, together, we are providing affordable renewable energy options to Canadian developers and consumers, empowering our customers to reduce their environmental footprint.”

More about the rollout of this collaboration can be accessed via Enercare’s Advantage Program for builders webpage, and more about Subterra’s geothermal energy as a service model can be accessed here.

To learn more about Subterra’s partnership collaborations and business development, please reach out to Jessica Bald Rowe, SVP, Subterra: jessica@subterrarenewables.com; for Enercare, please reach out Scott Beneteau, SVP of Business Development, scott.beneteau@enercare.ca.

For the latest updates on Subterra’s news and upcoming events, please visit us here. To view our latest corporate video, visit us here.

About Subterra Renewables

Subterra Renewables is a geothermal exchange utility company with the largest drilling fleet in North America, operating the most energy-efficient and resilient heating and cooling technology in the world. Most recently placing No. 1 in the Globe and Mail’s 2023 Report on Business ranking of Canada’s Top Growing Companies, Subterra is a fully vertically integrated company that custom engineers, installs, owns and operates first-of-its-kind geothermal exchange systems. As a leader in the sustainability and decarbonization movement, its best practices align with government ESG initiatives, expediting building approvals, and accelerates a path to Net Zero. Available under Subterra’s energy as a service utility model, Aura™, the company serves all North America. For more information visit: www.subterrarenewables.com

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For media inquiries, please contact:

Marianella delaBarrera
SVP, Marketing & Communications
Subterra Renewables
416-897-6644
marianella@subterrarenewables.com