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IonicBlue and Johnson Controls Retrofits

Green Infrastructure
Across Canada
$100 million (financial close)
Johnson Controls Inc., IonicBlue

Building retrofits to reduce carbon footprints and contribute to Canada’s energy transition

Turnkey solution for building owners to develop and implement decarbonization projects.

Fast facts

Reducing greenhouse gas emissions by 73,800 tonnes/year
Helping organizations meet sustainability targets
No upfront investment or internal resources required from building owners

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.

Learn more

Air ventilation on building
Construction worker inspecting building

Funding secured through the Canada Infrastructure Bank and administered by IonicBlue will further decarbonization while creating energy savings and efficiencies for organizations throughout Canada thanks to IonicBlue’s partnership with Johnson Controls. This venture is designed to map out net zero journeys for businesses while creating healthy and safe environments for the present and well into the future.

Reid Barley, Chief Executive Officer