SHIFT Energy is pleased to announce it has been selected by Cadillac Fairview (CF) to implement its AI-powered energy intelligence platform to cut energy consumption and carbon emissions across ten Toronto-area buildings, representing 7.4 million square feet of office space, including office towers at CF Toronto Eaton Centre and Toronto-Dominion Centre. This is CF’s second engagement with SHIFT Energy to implement its decarbonization technology at CF properties.

SHIFT Energy’s solution, deployed across North America, works with existing control systems and equipment to improve the energy performance of large-scale heating and cooling (HVAC) systems in office towers, hospitals, university and college campuses, shopping centres, sports arenas, and other large facilities. SHIFT’s Demand Management solution will also help Cadillac Fairview further manage peak pricing events associated with Ontario’s Global Adjustment.

“Building a more sustainable future is foundational to everything we do at Cadillac Fairview,” commented Karen Jalon, Vice President, Sustainability, Energy & Smart Technology, Cadillac Fairview. “As we continue our journey to net zero emissions, we’re proud to collaborate with innovative partners to advance towards our goals and support transformation.” 

Building operations account for nearly 30 percent of global CO2 emissions. Heating and cooling of buildings is responsible for a significant portion of these emissions. Large facilities use a building automation system or building management system to manage HVAC systems but these lack the ability to optimize performance, leading to excessive energy use and higher carbon emissions. SHIFT Energy’s AI-powered SaaS platform and Energy Optimization Engineers improve the performance of HVAC systems, delivering energy savings and carbon emission reductions.

“CF is recognized as a global leader in climate action in the real estate sector, taking clear and decisive steps to cut carbon emissions from its building portfolio. SHIFT Energy’s solution will support CF in achieving its sustainability goals by cutting energy consumption and carbon emissions from their portfolio’s HVAC system while improving the tenant experience by maintaining consistent heating and cooling,” said Dave Schriver, General Manager with SHIFT Energy.

“This new agreement for 10 sites is SHIFT’s second engagement with CF, and we appreciate their vote of confidence in our HVAC energy efficiency and decarbonization technology. We look forward to a successful ongoing partnership with CF.”

Wholly owned by the Ontario Teachers’ Pension Plan, CF manages in excess of $42 billion of assets across the Americas and the United Kingdom, with further expansion planned into Europe and Asia. The company’s Canadian portfolio comprises 68 landmark properties, including the Toronto-Dominion Centre, CF Toronto Eaton Centre, Tour Deloitte, CF Carrefour Laval, CF Chinook Centre and CF Pacific Centre.