Toronto, Ontario, August 7, 2024 – Subterra Renewables group of companies ("Subterra") and Enercare Inc. ("Enercare"), one of Canada's largest home and commercial services companies, announced today a new program to offer a fully integrated geothermal heating and cooling solution to Canadian homes. This initiative aims to support Canadian developers and consumers in transitioning from fossil-fuel-powered systems to renewable geothermal energy.

According to the Government of Canada, homes and buildings contribute to nearly 20% of the nation's greenhouse gas (GHG) emissions and up to 60% in urban centers like Toronto. Recognizing the urgent need to accelerate building electrification with renewable energy sources such as geothermal, Subterra, and Enercare are collaborating to assist new construction multi-residential and low-rise developments in meeting their net-zero GHG emission targets. Together, Enercare and Subterra will enable developers to build new residential homes equipped with geothermal heating and cooling systems, significantly reducing GHG emissions and non-renewable energy use.

"This historic collaboration aims to revolutionize the home heating and cooling landscape with geothermal as a sustainable option that provides Canadians the assurance that greener living is attainable and affordable," said Lucie Andlauer, CEO of Subterra. "This pioneering alliance is built on a shared belief that Canadians should not have to choose between sustainable living and affordable living. We are thrilled to be providing a low-cost and hassle-free option for installing a proven geothermal system within our energy-as-a-service model."

"We are proud to play our part in driving the decarbonization of Canadian homes and buildings," said Nick Perreten, President and CEO of Enercare. "With Subterra's long-standing experience in geothermal drilling, geo-exchange installations, and operations management, and Enercare's expertise in providing heating and cooling solutions across Canada, together, we are providing affordable renewable energy options to Canadian developers and consumers, empowering our customers to reduce their environmental footprint."

About Subterra Renewables

Subterra Renewables is a geothermal exchange utility company with access to the largest drilling fleet in North America, operating the most energy-efficient and resilient heating and cooling technology in the world. Recently placed No. 1 in the Globe and Mail's 2023 Report on Business ranking of Canada's Top Growing Companies, Subterra is a fully vertically integrated company that custom engineers, installs, owns, and operates first-of-its-kind geothermal exchange systems. As a leader in the sustainability and decarbonization movement, its best practices align with government ESG initiatives, expediting building approvals, and accelerating a path to Net Zero. Available under Subterra's energy-as-a-service utility model, Aura™, the company serves all North America.

About Enercare Inc.

Enercare Inc. ("Enercare") is headquartered in Markham, Ontario, Canada, and is one of Canada's largest home and commercial services companies. Serving Canadians for over 65 years, Enercare is committed to Canada's green transition by reducing greenhouse gas emissions from homes and buildings. Enercare is a leading provider of water heaters, heat pumps, furnaces, air conditioners, water treatment, and related products and services, including plumbing and electrical. With growing operations, Enercare serves customers across Canada through its Enercare, HydroSolution, Pioneer Plumbing & Heating, Service Experts Canada, and Syles Mechanical Services brands.