Ontario Helping Brantford Business with Energy Efficient Upgrades
Hematite Manufacturing Saving Almost $200,000 Per Year in Electricity Costs
Ontario is helping Brantford-based Hematite Manufacturing with energy efficient upgrades to reduce electricity consumption and costs.
Hematite manufactures recycled plastic products for managing acoustics, air flow, and water deflection on vehicles. Since 2015, the company has completed a number of energy efficiency upgrades including installation of LED lighting, sensors and appliances.
Upgrades are helping the company save 1,903,496 kWh or approximately $194,439 per year in electricity consumption, equivalent to the electricity used by 200 homes in a year. Hematite is planning future initiatives to improve energy efficiency which include replacing compressed air pumps, installing solar panels for onsite electricity generation and enhancing efficiencies on oven enclosures.
Helping businesses reduce energy usage and save money is part of our plan to create jobs, grow our economy and help people in their everyday lives.
- Hematite accessed $200,000 in incentives to complete upgrades from the saveONenergy for Business program, an initiative administered by the Independent Electricity System Operator (IESO).
- saveONenergy retrofit programs provide incentives up to 50 per cent of project costs to upgrade old or inefficient equipment.
“Our government supports a dynamic and innovative business climate in which companies can reduce electricity costs by implementing a variety of conservation and efficiency measures. We are committed to working with companies like Hematite, supporting a climate where businesses can continue to compete and succeed.”