Building retrofits to reduce carbon footprints and contribute to Canada’s energy transition
Fast facts
We have achieved financial close on a $100 million investment toward decarbonizing buildings across the country with IonicBlue® and Johnson Controls (JCI).
The CIB’s financing will advance public and private energy efficient building upgrades within commercial, industrial, manufacturing, and government buildings including airports, hospitals and universities.
Building owners can access to IonicBlue’s technical and financial resources to implement retrofits. The goals are to optimize energy performance and reduce properties’ carbon footprints, without requiring upfront investment or internal resources.
IonicBlue’s Energy-as-a-Service offering combines JCI’s experience in energy efficiency performance upgrades and its OpenBlue NetZero Buildings as a Service suite of buildings technology and services.
The investment is part of our Building Retrofits Initiative (BRI), which provides long-term investment solutions focused on upgrades which modernize and improve the energy efficiency of existing buildings.
Benefits of CIB Involvement
We tailor financing solutions to organizations, municipalities and businesses looking to advance their green projects and meet their sustainability targets. We are transforming the retrofits market by leading the way for private financing.
Our investment will help finance upfront capital costs of retrofits, which will be repaid through the sharing of energy savings over a period of several years.
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