UrbanToronto – Building for the Long Term: How Geothermal Partnerships Are Reshaping Toronto Development

Across the GTA, developers who built geothermal into a few pilot projects are now asking what it looks like to build it into their next twenty. That’s the conversation Diverso was built for — and the one that will define how this city heats and cools its buildings for the next half-century and beyond.

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Toronto’s development landscape is evolving. Rental projects are on the rise, investors are favouring decarbonized assets, and decisions are being made across portfolios — not just projects. In our latest UrbanToronto feature, Diverso Co-Founder and CEO Tim Weber explores how geothermal has moved from novelty to norm against this backdrop, and why long-term partnership models are changing the way leading developers integrate it into their pipeline.

As Joseph Feldman, President & COO of Camrost Felcorp, explains:

“When we started with geothermal, it was about doing the right thing for the building and for the city. What we’ve learned over time is that it’s also just good business. The buildings perform better, they’re more attractive to institutional capital, and having a long-term partner who owns and operates the system takes a significant operational burden off our plate. We’re not in the business of running an energy utility — Diverso is.”

Read the full article here.