2022-08-03 08:47:29
Ottawa has announced a $515,000 investment in Nova Scotia-based TorchLight Bioresources to study a district energy system that would connect over 90 per cent of buildings in the community and reduce greenhouse gas emissions and heating costs for citizens in New Glasgow, N.S.
The feasibility study will design a heat network that uses renewable biomass and wind energy.
The Town of New Glasgow, TorchLight, Rathco ENG based in Guelph, the Federation of Nova Scotia Woodland Owners and ACFOR (a small New Brunswick-based ecological forestry company) are also contributing to the project, bringing the total investment to $755,000.
Federal funding for this project is provided by Natural Resources Canada’s Smart Renewables and Electrification Pathways (SREPs) program.
“We are incredibly thankful to Natural Resources Canada for supporting this project and to the Town of New Glasgow for placing its trust in us,” said Jamie Stephen, managing director of TorchLight Bioresources.
“District energy systems are proven to provide significant local economic and community resiliency benefits, and we are eager to work with the Town of New Glasgow to design a system that maximizes these benefits for New Glaswegians,” he said.
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