Diverso geothermal rig in operation, drilling boreholes at Mattamy Homes’ Upper Joshua Creek site in Oakville. (CNW Group/Diverso Energy LP)
Geothermal Energy-as-a-Service (EaaS) provider Diverso Energy and residential homebuilder Mattamy Homes have formed a joint venture to provide geothermal services to select Mattamy residential developments across Canada, spanning a range of single-family homes, townhouses, and multi-family mid-rise and high-rise developments.
The partnership makes possible lower-emission communities without compromising affordability, homeowner experience or aesthetic design, say the two companies. Leveraging Diverso’s turnkey EaaS geothermal model, select Mattamy homes will now feature fully electrified, emissions-free heating and cooling.
“Each of us brought half the solution,” said Tim Weber, CEO of Diverso Energy. “It took trust and shared vision to bring the partnership together, which will greatly accelerate the adoption of geothermal technology in residential developments across Canada.”
Mattamy has committed to achieving a 10 per cent greenhouse gas reduction in the homes it sells in its 2025 financial year, as compared to code-built homes. This, it says, represents a 31 per cent reduction from a typical resale home built just 20 years ago.
“We’ve taken what was once a niche, custom energy solution and integrated it into our mainstream production model over the past several years,” said Brad Carr, CEO of Mattamy Homes Canada. “It’s evolved into a scalable offering, and our joint venture with Diverso enables us to use the proven, reliable technology to deliver numerous operational benefits to thousands of Canadian homeowners at no additional cost to them.”
Both companies say they intend their partnership to serve as a benchmark for the broader development community, offering a real-world case study in how to meet the demands of increasingly strict building codes without sacrificing the bottom line.