Instar’s portfolio company, Creative Energy, has partnered to design, build, own and operate an onsite district energy system for Swedish Health Services, a healthcare system based in Seattle.
The project will decarbonize Swedish’s flagship campus, Swedish First Hill, and mark the expansion of Creative Energy’s sustainability platform into the United States.
“District energy presents a strong opportunity for healthcare systems across North America to address the growing demand for low-carbon energy,” said Krishnan Iyer, president and CEO of Creative Energy. “We are delighted to partner with Swedish to build a sustainable, carbon-neutral and energy-efficient future for its largest hospital, right in the heart of Seattle.”
The district energy system at Swedish First Hill will incorporate innovative technologies to reduce the amount of wasted energy by capturing, storing and reusing any excess heat. Once operational, the project will eliminate approxi