TORONTO, June 23, 2017 (GLOBE NEWSWIRE) -- Enwave USA, through affiliates of Enwave Energy Corporation ("Enwave"), is pleased to announce the completion of the acquisition of district energy systems in Los Angeles, Portland and Las Vegas.
The Los Angeles system has chilled water capacity of 35,300 tons of cooling and a 7.8 mile distribution network, serving hotels, office buildings and residential towers in the Bunker Hill and Century City neighborhoods. Enwave also acquired two sizeable operation and maintenance contracts in Los Angeles as part of the transaction.
The Las Vegas system has a capacity of 187,600 pph of steam and 32,420 tons of cooling, serving one of the largest Resort-Hotel-Casinos on the main Las Vegas strip.
The Portland system has a chilled water capacity of 4,530 tons of cooling and a 2.5 mile distribution network, serving customers in the Brewery Blocks, a five-block shopping and professional district in downtown Portland.
Enwave has offered employment to all existing employees.
"The acquisition of these district energy systems allows Enwave to establish a presence in two attractive new markets, namely Los Angeles and Portland, while expanding our presence in Las Vegas," stated John Peri, Enwave President and CEO. "We are excited to continue delivering clean, reliable and cost competitive energy solutions to the customers in these markets and look forward to expanding these systems over time."
About Enwave
Enwave Energy Corporation, together with its affiliates, is a fully integrated, sustainable energy services provider owned by Brookfield Infrastructure and its institutional partners, with operations in Toronto, Chicago, Houston, Las Vegas, New Orleans, Seattle, Windsor, Los Angeles and Portland. In each community, Enwave operates highly efficient thermal energy plants that distribute steam, hot water and/or chilled water to customer buildings.
Contact John Peri Chief Executive Officer Enwave Energy Corporation Phone: 416-393-8025 Email: Jperi@enwave.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
