10/05/2026
A major milestone for NERVA Energy - and an exciting step forward for building retrofits in Canada.
We’re proud to announce that Morguard Corporation, supported by the Canada Infrastructure Bank (CIB) and NERVA Energy, is advancing the newly established $145 million Morguard ReNew Fund, a portfolio-scale initiative to modernize approximately 30 residential and commercial properties across Canada.
Backed by a $100 million loan from the CIB, the program will advance deep energy retrofits, mechanical optimization and lower-carbon building solutions designed to improve performance, reduce long-term operating costs and deliver a minimum 30% reduction in emissions.
NERVA will serve as the technical and delivery partner, providing integrated engineering and implementation across participating properties.
The anticipated impact?
More than 35,000 tonnes of CO₂e eliminated annually.
Lower long-term energy and operating costs.
Modernized mechanical infrastructure.
More efficient and resilient buildings.
A scalable model for deep retrofits across Canada.
As CIB CEO Ehren Cory said:
“Delivering deep retrofits at scale takes strong collaboration between building owners, technical experts, and long-term capital. Working with Morguard and NERVA Energy, we’re accelerating deep retrofits that reduce energy use, save owners long-term operating expenses and cut emissions.”
For NERVA, this milestone represents something even bigger.
We started with a belief that better building performance requires more than technology - it requires engineering, ex*****on, measurement and accountability.
Today, that model is being deployed as part of one of Canada’s significant portfolio-scale building retrofit initiatives.
We are incredibly proud of the NERVA team that helped get us here, and grateful to Morguard and the Canada Infrastructure Bank for the opportunity to help turn this investment into measurable building performance.
Canadian capital. Canadian real estate. Canadian engineering. Measurable outcomes.
And we’re just getting started.
Read the full article here https://bit.ly/4yMOTOL