Geothermal Energy Venture in Canada Benefits All

Waterloo North Hydro and NextEnergy announced the launch of Lifetime Energy, a joint venture designed to make geothermal energy solutions accessible to anyone in the Waterloo North Hydro service area.

“Waterloo North Hydro, like all local electricity distribution utilities in Ontario, is committed to a conservation culture,” said Rene Gatien, president and CEO of Waterloo North Hydro. “As an environmentally friendly energy source, geothermal is an excellent alternative for heating, cooling and hot water needs and, with Lifetime Energy, we can make it affordable for all our customers.” Lifetime Energy, a distributor and manufacturers’ representative of high efficiency water heating equipment for commercial and residential applications, offers local customers the ability to buy geothermal systems with a convenient monthly bill. For customers on oil and propane, a significant savings in energy use and fuel cost will be realized immediately — as much as 70% off their current payments. NextEnergy, Lifetime Energy partner and pioneer in geothermal energy, sees the new venture with Waterloo North Hydro as a way for two companies to reach mutual objectives. The two companies started their discussions more than a year ago after realizing a common interest in energy conservation and the inherent benefits of increased use of geothermal energy solutions. “Together with Waterloo North Hydro we can reach more households frustrated by high energy costs and offer those customers not just lower energy bills but a proven, cleaner, and more cost-effective solution,” said Randal Palach, president of NextEnergy. “Ultimately, the biggest winners are the consumer and the environment.”

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