Calgary, Alberta – January 20, 2022: Aecon Group Inc. (TSX: ARE) announced today Ground Source Energy (GSE), a Metis-owned and operated business, and Aecon GeoExchange Solutions have entered into a partnership to pursue geoexchange energy projects.
The partnership will provide an Indigenous-led solution for superior engineering, detailed energy modelling and expert installation execution for geoexchange projects in Canada.
Geoexchange systems, also referred to as geothermal heat pumps or ground source heat pumps, are a safe, reliable, efficient, and environmentally friendly alternative to conventional fossil fuel powered heating, ventilation and air conditioning systems. Further information about geoexchange solutions is available at aecon.com/geoexchange.
“Building on our successful working relationship, partnering with Aecon is a natural progression,” said Shane Kinch, President, Ground Source Energy. “This partnership builds a foundation for us to participate on larger, full-scope projects across Canada – enabling optimal utilization and sustainability of our current business lines and fleet.”
“Geoexchange is emerging as a leading solution for commercial, institutional, and industrial clients seeking to reduce their greenhouse gas emissions, optimize energy costs, lower or eliminate fossil fuel dependence and achieve sustainability targets,” said Eric MacDonald, Executive Vice President, Utilities, Aecon Group Inc. “Aecon looks forward to successfully pursuing geoexchange energy opportunities with Ground Source Energy and delivering innovative, clean energy projects which support the transition to a net-zero economy.”
About Aecon GeoExchange Solutions
Aecon GeoExchange Solutions (AGS) is uniquely positioned in the ground source heat pump market to provide complete geoexchange system installation goods and services, including design assistance capabilities. AGS has a proven track record providing turnkey solutions for small, medium and large-scale projects. Facilitating mutually beneficial partnerships with Indigenous organizations and businesses is an integral part of Aecon’s action towards true and lasting reconciliation with Indigenous Peoples.
About Ground Source Energy
Ground Source Energy (GSE) is a Certified Aboriginal Business based in Cochrane, Alberta. With over 40 years of experience, GSE has earned its place as experts in geoexchange and geothermal drilling with clients and other contractors alike, achieving success on the largest geothermal projects across Canada.
For further information:
Executive Vice President, Utilities
Senior Director, Innovative Energy Services