Oshawa’s Tribute Centre to be energized with energy-saving battery storage system
Published December 7, 2021 at 11:38 am
The Tribute Communities Centre is implementing a new battery storage system that is expected to save the arena – and the City of Oshawa – more than $33,000 per year in energy costs.
Spectra, the company tasked with operating the downtown arena, will be entering into an agreement with Modern Niagara for the installation of the battery system, which comes with what Oshawa Development Services Committee Chair John Gray called “off balance sheet financing,” which means Modern Niagara is responsible for the up-front financing, leaving Spectra and the City to take care of the operating costs.
“I looked at the numbers and I liked the fact there is no up-front capital costs for the City,” Gray said after the shortest committee meeting in recent memory Monday. “It’s a nice way to get a modern energy system without all the capital costs.”
Operating costs for the system are expected to be $154,300 annually for ten years, with the useful life of the system pegged at 15 years.
“We’re going to save a lot of money with this. It’s significant.”
The system also produces no greenhouse gas emissions and it increases the arena’s resiliency through greater control over electricity costs.
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Modern Niagara’s client list includes the Trafalgar Park revitalization in Oakville, Joseph Brant Hospital redevelopment in Hamilton, Seasons Retirement Complex in St. Catharines and more than a dozen other big-ticket projects in Western Canada, Toronto and Ottawa.
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