Mondial Energy Inc.

Mondial Energy Inc.

July 12, 2007 12:18 ET

Mondial Energy Inc.: Solar Energy System Installed at The Hospital for Sick Children

TORONTO, ONTARIO--(Marketwire - July 12, 2007) - Mondial Energy is set to start construction on a new solar panel system on the roof of The Hospital for Sick Children (SickKids) in Toronto with completion by mid-September. Under the ten-year fixed price contract, Mondial will pay the complete turnkey costs of the construction. Mondial will pay for, own and maintain the solar thermal panels, and SickKids will purchase solar thermal energy from Mondial Energy Inc.

The energy will be used to supplement the Hospital's hot water system. Mondial will meter the energy delivered to the hospital's domestic hot water system, and enable real-time monitoring of this data by the Hospital. Mondial expects to offset over 750,000 lbs of steam per year from 92 panels installed.

The benefits to SickKids:

- No capital costs

- No maintenance costs

- No technology risk

- Fixed heat costs for 10 years

- Improved environmental footprint

Commenting on the announcement, Anne Marie Christian, vice president, facilities and patient support, said "SickKids strives to achieve operational excellence at all levels of the organization. We are also pleased that the new the solar thermal system is also environmentally friendly."

Alex Winch, president of Mondial Energy Inc, said, "We are delighted to be of service to the Hospital for Sick Children, and to be able to offer clean, renewable energy cost-effectively."

The Hospital for Sick Children (SickKids), affiliated with the University of Toronto, is Canada's most research-intensive hospital and the largest centre dedicated to improving children's health in the country. As innovators in child health, SickKids improves the health of children by integrating care, research and teaching. Our mission is to provide the best in complex and specialized care by creating scientific and clinical advancements, sharing our knowledge and expertise and championing the development of an accessible, comprehensive and sustainable child health system. For more information, please visit SickKids is committed to healthier children for a better world.

About Mondial Energy Inc.: Mondial Energy pays for solar thermal systems on customer roofs, and sells the metered heat to the building.

Contact Information

  • Hospital for Sick Children
    Lisa Lipkin, Senior Communications Specialist
    SickKids, Public Affairs Dept.
    (416) 813-6380
    Mondial Energy Inc.
    Francine Borsanyi
    (416) 698-6190