Toronto Star – Inside the deal that’s making geothermal heat go mainstream in Toronto

What was once seen as a niche technology is quickly disrupting status quo heating and cooling in the GTHA. The numbers say it all: in the past decade, geothermal has grown from being installed in less than one per cent of new homes in Toronto to nearly 30 per cent this year (courtesy of the Ontario Geothermal Association). A big reason for that shift? Diverso’s pioneering “energy-as-a-service” approach, recently covered in the Toronto Star by climate change reporter Marco Chown Oved.

The Diverso model removes the biggest roadblock to adoption: upfront cost. By taking ownership of the geothermal infrastructure and delivering heating and cooling through a subscription-style utility service, we’ve eliminated the need for developers to choose between sustainability and profitability.

Our recent joint venture with Mattamy Homes represents the next evolution of that model. Together, we’re embedding geoexchange systems directly into the design and construction timelines of thousands of homes. What used to be a “nice-to-have” is now a core part of how Canada’s largest new home construction and development firm builds.

Residents benefit from stable, predictable energy costs and quieter spaces. The developer benefits from future-ready, low-maintenance projects that stand out in the market.

As co-founder and CEO Tim Weber puts it:

“The beauty of it is the simplicity. It’s just plastic, dirt and water. Nothing to break or wear out. We’re just trying to create the path of least resistance for (developers) to shift into this new world of electrification.”

Read the full article in the Toronto Star here.