2004 Winner: Revelstoke -- Biomass District Heat

The project has a number of benefits to Revelstoke:

• Financial rewards: 9 year simple payback, 6.7% return on investment and 14.8% return on equity - a non-taxable source of City revenue,
• It will displace ~45,000 GJ of non-renewable fossil fuel [Propane] and reduce GHG emissions by 3,700 tonnes annually,
• Plant emissions will meet/exceed provincial standards and therefore improve air quality.  There will be no fly ash from the plant,
• The Project has replication potential in other forestry dependent communities,
• The replacement of imported propane will generate local economic benefit,
• Value adding of wood residue - a renewable resource,
• table long term energy pricing for Downie and the CES customers with attendant improvement in competitiveness,
• Economic development potential with Downie able to access steam for veneering,
• Plant can be expanded incrementally and other biomass combustion techniques can be used to create other products.