The federal agency’s loan backs $1.4 billion worth of shared heating and cooling projects in Toronto and neighbouring Mississauga. The company, partly owned by the Ontario Teachers’ Pension Plan, said the money will help it invest in greener tech such as systems that recover heat from waste water and use it to heat buildings connected to shared climate-control plants. (The Logic)

Talking point: District energy systems aim to cut power use, and costs, with economies of scale. A Canada Infrastructure Bank spokesperson told The Logic the loan is to be paid back out of Enwave’s charges to its customers as its services grow. Part of the appeal for the bank is that Enwave’s projects are meant to cut greenhouse-gas emissions by 67,780 tonnes of CO2 equivalents a year—though even just counting the $600-million loan, that’s federal support of more than $8,850 per tonne of reduced emissions.