Cision Newswire – Diverso Energy Helps Developers Navigate a Shifting Market Through Flexible Geothermal Project Delivery

“When we look at the long-term performance of our portfolio, both NOI and decarbonization are important considerations. Our experience with Diverso at 1156 The Queensway, and now at 9700 Yonge Street, proves that geothermal can support both objectives.” – Max Steiner, Senior Director of Investments at ELM Developments

25 September 2026

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As construction costs rise and financing and ownership strategies evolve, developers are rethinking how projects are delivered. Diverso Energy is evolving with them. Our latest press release highlights how our flexible ownership models – supported by in-house expertise and access to capital – align geothermal delivery with each project’s unique objectives.

Recent examples include:

9700 Yonge Street (Richmond Hill) with ELM Developments, building on geothermal experience from 1156 The Queensway with Leader Lane Developments
72 Perth (Toronto) with Castlepoint Numa and Hazelview Investments
The Collective Housing Co-operative (St. Catharines) with Elevate Living

As Max Steiner, Senior Director of Investments at ELM Developments, explains:

“When we look at the long-term performance of our portfolio, both NOI and decarbonization are important considerations. Our experience with Diverso at 1156 The Queensway, and now at 9700 Yonge Street, proves that geothermal can support both objectives. It’s now a core consideration when we evaluate energy strategies across our future development pipeline.”

Different projects call for different approaches, but the goal remains the same: greater certainty, lower risk, and a more practical path to building electrification.

Read the full release here.