IonicBlue® Receives Up To CAD $100 Million Investment From Canada Infrastructure Bank (CIB) Towards Decarbonization Projects

IonicBlue® has announced a CAD $100 million agreement with the Canada Infrastructure Bank (CIB) to make net zero more attainable to Canadian organizations striving to reach their decarbonization targets.

IonicBlue is a joint venture between Johnson Controls (JCI), the globally renowned company for smart, healthy and sustainable buildings, with funds managed by Apollo Global Management, Inc. (APO), a major global alternative asset manager.

IonicBlue gets funding from Canada Infrastructure Bank (CIB)

Funding secured through the Canada Infrastructure Bank and administered by IonicBlue will further decarbonization"

“Funding secured through the Canada Infrastructure Bank and administered by IonicBlue will further decarbonization, while creating energy savings and efficiencies for organizations throughout Canada, thanks to IonicBlue’s partnership with Johnson Controls,” said Reid Barley, the Chief Executive Officer (CEO) of IonicBlue.

Reid Barley adds, “This venture is designed to map out net zero journeys for businesses while creating healthy and safe environments, both in the present and well into the future.”

Funds for public and private decarbonization projects

Under the IonicBlue agreement, the CIB will invest funds into public and private decarbonization projects within commercial, industrial, manufacturing, and government buildings, as well as airports, hospitals and universities.

These efforts are supported by the IonicBlue Energy-as-a-Service (EaaS) offering, which combines Johnson Controls’ global experience in energy efficiency performance contracting with its OpenBlue suite of connected smart buildings technology and services.

Offering customers flexible solutions

Within the joint venture, Apollo brings additional infrastructure expertise and alternative financing capability to offer customers flexible solutions for meeting their energy savings and decarbonization objectives.

The projects financed under this program will be empowered with capital, expertise and solutions

The projects financed under this program will be empowered with capital, expertise and solutions to make tangible progress toward decarbonization goals that simultaneously make facilities smarter, safer and healthier for occupants — all while simplifying access to capital for investment in core strategic priorities.

Building Retrofits Initiative

“Through our Building Retrofits Initiative, we’re investing in decarbonizing buildings across the country,” said Ehren Cory, the Chief Executive Officer (CEO) of the Canada Infrastructure Bank (CIB).

Ehren Cory adds, “Our partnership with Johnson Controls and IonicBlue will help organizations reach their sustainability targets through energy-efficient building upgrades, bringing Canada one step closer to our net zero goals.”

Energy-as-a-Service (EaaS)

Energy-as-a-Service (EaaS) offers a one-stop-shop for turnkey energy and infrastructure solutions that can be tailored to schools, campuses, data centers, and health care facilities, as well as to commercial and industrial facilities, as more customers look to meet environmental standards to combat climate change and reach their carbon neutrality goals.