(Under construction)
Renewable, low-carbon energy source for the City of Richmond
Lulu Island Energy Company’s district energy project involves expanding the City’s current district energy system from 3 million square feet to 50 million square feet, over time, conditional to approval by Richmond City Council.
Fast facts
Lulu Island Energy Company is a municipal corporation wholly owned by the City of Richmond, established to implement and operate district energy utility systems in the City of Richmond, British Columbia. The energy system will use zero-carbon sewer heat recovery technology to extract heat from the local sewer force main once the system is fully built out.
The City of Richmond’s official plan calls for higher density and mixed-use buildings in future residential and commercial development. The proposed expansion will provide the city with low-carbon energy sources on an expedited basis that would provide heating and cooling to buildings in the region.
Benefits of CIB involvement
Our participation will provide our partners with flexible financing terms to accommodate long-term capital drawdown and long-term duration of the project. Lower financing rates contributes to both the financial and environmental sustainability of the district energy system. The CIB seeks to invest up to $5 billion into clean energy projects which are in the public interest and support Canadian sustainable economic growth.
Learn more
- Lulu Island Energy Company - Opens in a new tab
- Corix - Opens in a new tab
Disclaimer: The Canada Infrastructure Bank (CIB), in its sole and absolute discretion, may choose to make available amendments, revisions, modifications or replacements to this website. This page will remain open for further revision, modification, replacement or cancellation by the CIB at any time and in no event shall the CIB be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content of this website. Images courtesy of Lulu Island Energy.