- Greenbriar Capital Corp. (GRB) has entered an agreement with Green Matters Technologies Inc. for the Sage Ranch housing project in California
- Green Matters is in the Heat, Ventilation, and Air Conditioning (HVAC) marketplace
- Greenbriar believes its partner’s technology will help with the project’s development
- The energy recovery system is more than six times efficient compared to gas fired boilers
- Sage Ranch will have other sustainable features like solar energy and energy storage
- Greenbriar Capital Corp. (GRB) is up 0.95 per cent trading at $1.06 per share as of 2:15 p.m. ET
Greenbriar Capital Corp. (GRB) has signed an MOU with Green Matters Technologies Inc.
Under the terms of the agreement, Green Matters will design and manufacture sustainable energy recovery systems for the Sage Ranch housing project in California.
B.C. based Green Matters creates technology solutions in the Heat, Ventilation, and Air Conditioning (HVAC) marketplace that are environmentally sustainable and commercially viable.
“One of the biggest problems in new real estate development is finding net zero options for heating water… so partnering with [Green Matters] on this project will play a pivotal role in meeting our goals for sustainability,” Jeff Ciachurski, CEO of Greenbriar, said.
According to Greenbriar, the energy recovery system is more than six times more efficient than traditional gas-fired boilers. It captures waste heat from surrounding AC air by using the thermal energy and provide facilities with 100 per cent of the hot water and space heating demands.
Greenbriar stated the Sage Ranch would also have rooftop solar panels on detached homes, power walls for electric car charging and energy storage, grey stormwater reuse for outdoor irrigation and other non-potable uses, the use of smart meters and smart appliances, and a walkable community design that minimizes the need for driving.
After completing the installation, Green Matters will monitor and bill its services through smart energy metering, which it said is the first of its kind in providing clean heating and cooling to the community as an HVAC utility provider.
Greenbriar Capital Corp. (GRB) is up 0.95 per cent trading at $1.06 per share as of 2:15 p.m. ET.
