SOFIAC Canada enables decarbonization of adMare BioInnovations' buildings with a $3.275M investment

MONTREAL, QC, September 3, 2024 - SOFIAC Canada and adMare BioInnovations are proud to announce their new collaboration to implement an energy efficiency and greenhouse gas (GHG) emission reduction project, in line with the environmental values of the organization working in the life sciences sector.

The unique opportunity of a no upfront investment solution and long-term turnkey support has made SOFIAC Canada the partner of choice for adMare. SOFIAC Canada has committed a total investment of $3.275 million. The project, implemented by SIEMENS Canada, SOFIAC Canada's technical partner, will involve the deployment of several energy efficiency and building decarbonization measures, as well as the reduction of electricity demand to meet Hydro-Québec's power management objective.

SOFIAC Canada's investment and support throughout the project design and implementation process by Siemens will enable adMare to preserve its investment capacity, achieve its environmental goals, and realize energy savings.

The relationship between adMare and Siemens Canada spans more than 10 years and is built on a strong foundation of service, support and expertise delivered by Siemens across building technology and energy management projects over the years. This most recent collaboration will develop an energy efficiency and greenhouse gas (GHG) emissions reduction project to support adMare in meeting meet its environmental engagements. 

" In Canada, buildings accounted for more than 17% of greenhouse gases in 2020.  The adMare team recognized the impact of our facilities on the environment due to the high energy consumption of buildings housing laboratories. Our collaboration with SOFIAC will enable us to reduce our greenhouse gas emissions by more than 59%, which is a further milestone in our commitment to sustainability. The savings generated at the operational level will allow us to maintain favorable conditions for companies established at the adMare Innovation Centre in Montreal, contributing to our ongoing mission to create a dynamic and thriving life sciences ecosystem."

– Dominic Vachon, Senior Director, Operations & Innovation Centres

 

Sofiac Canada testimonial

"SOFIAC Canada, with the support of its technical partner SIEMENS Canada, is proud to assist adMare BioInnovations in the energy transition and decarbonization of operations at its Innovation Centre, located in the Technoparc St-Laurent. The efficiency measures undertaken at this highly sophisticated research site will result in a reduction of more than 675 tonnes of GHG emissions per year. The equivalent of 150 vehicles taken off the road or 286,000 liters of gasoline saved. A committed investment of over $3.2 million."

– Michel Methot, General Manager

 

The project is made possible thanks to the financial support of:

MELCCFP ÉcoPerformance Program, Énergir and Hydro-Québec.

 

About Sofiac Canada

Launched in 2021, SOFIAC helps companies in the commercial, industrial, and multi-residential sectors enhance their profitability and competitiveness by implementing energy transition and decarbonization projects. SOFIAC's innovative business model allows its clients to immediately benefit from energy savings without any upfront investment on their part. For more information, visit sofiac.ca.

 

About adMare BioInnovations

With a strong track record of globally-competitive scientific discovery, Canadian life sciences are primed to lead the world. To make this a reality, adMare BioInnovations uses its scientific and commercial expertise, specialized R&D infrastructure, and seed capital to build strong life sciences companies, develop robust ecosystems, and foster industry-ready talent. It re-invests its returns into the Canadian industry to ensure its long-term sustainability. adMare has helped build 36 companies, of which 25 are still active. These companies have attracted $2.4 billion of risk capital, have a combined value of $5.7 billion, and have created around 1,000 jobs in Canada. Our dynamic Montreal and Vancouver Innovation Centres have been home to 48 life science companies to date, with the 27 current resident companies employing over 350 life sciences professionals. The adMare Academy has trained more than 750 alumni — 92% of whom are employed in the life sciences industry. For more information, please visit www.admarebio.com.

 

Contact

Michel Méthot 
General Manager
mmethot@sofiac.ca 
514 281-1511 p.4337