Latest news with #Diverso
Cision Canada
25-06-2025
- Business
- Cision Canada
Diverso Energy Appoints Armen Farian to Board of Directors
TORONTO, June 25, 2025 /CNW/ - Diverso Energy, a leading Canadian provider of geothermal energy solutions, today appointed Armen Farian to its Board of Directors. Mr. Farian brings over two decades of investment banking leadership and real estate advisory experience, having most recently served as Head of the Real Estate Investment Banking Group at TD Securities. Under his leadership, TD Securities became a market leader in real estate M&A and IPOs in Canada. Mr. Farian advised on more than $40 billion in mergers and acquisitions and led over $1.5 billion in successful IPOs. "Armen's strategic insight, deep market knowledge, and proven track record in corporate finance and capital markets will be invaluable as we continue to scale our energy-as-a-service platform and deliver long-term value to our partners," said Tim Weber, CEO, Diverso Energy. "His experience across transformative real estate transactions aligns with our mission to bring energy innovation to the built environment." Mr. Farian is currently Principal of Arfa Capital, a North American real estate advisory and investment firm and also serves as a Trustee of Dream Industrial REIT, which oversees a global portfolio of 336 industrial assets. Diverso Energy is at the forefront of delivering geothermal heating and cooling systems for multi-unit residential and commercial developments, helping reduce carbon emissions and operational costs through innovative, utility service models. About Diverso Energy Diverso Energy Inc. offers a unique geoexchange utility model for low-rise, multi-family, office, and institutional buildings. Diverso designs, builds, owns, and operates geoexchange utility systems allowing clients to leverage the significant benefits of geoexchange without traditional financial or operating risks. Diverso has helped hundreds of clients, including some of Canada's leading real estate developer partners, benefit from its unique combination of financial and technical solutions, accelerating the transition to electrified buildings.
Cision Canada
21-05-2025
- Business
- Cision Canada
Diverso Energy and Mattamy Homes Announce Joint Venture to Advance Sustainable Homebuilding across Canada
Through this newly formed partnership, Diverso will be the exclusive provider of geothermal services to select Mattamy residential developments across Canada, spanning a range of single-family homes, townhouses, and multi-family mid-rise and high-rise developments. The partnership makes possible lower-emission communities without compromising affordability, homeowner experience or aesthetic design. Leveraging Diverso's turnkey EaaS geothermal model, select Mattamy homes will now feature fully electrified, emissions-free heating and cooling, with unique benefits such as whisper-quiet operation and greater outdoor deck space thanks to more compact HVAC systems. "Each of us brought half the solution," said Tim Weber, CEO, Diverso Energy. "It took trust and shared vision to bring the partnership together, which will greatly accelerate the adoption of geothermal technology in residential developments across Canada." The announcement builds on Mattamy's efforts to reduce carbon across its communities. Mattamy has committed to achieving a 10% greenhouse gas reduction in its FY2025 sold homes as compared to code-built homes—representing a 31 percent reduction from a typical resale home built in 2005/2006. "We've taken what was once a niche, custom energy solution and integrated it into our mainstream production model over the past several years," said Brad Carr, CEO of Mattamy Homes Canada. "It's evolved into a scalable offering, and our joint venture with Diverso enables us to use the proven, reliable technology to deliver numerous operational benefits to thousands of Canadian homeowners at no additional cost to them." Both companies intend their partnership to serve as a benchmark for the broader development community, offering a real-world case study in how to meet the demands of increasingly strict building codes—without sacrificing the bottom line. About Diverso Diverso Energy Inc. offers a unique geoexchange utility model for low-rise, multi-family, office, and institutional buildings. Diverso designs, builds, owns, and operates geoexchange utility systems allowing clients to leverage the significant benefits of geoexchange without the financial or operating risks associated with the technology. To date, Diverso has helped hundreds of clients, including some of Canada's leading real estate developer partners, benefit from Diverso's unique and proven combination of financial and technical solutions, accelerating the transition from fossil fuels to electric buildings. About Mattamy Homes Mattamy Homes is one of the largest privately owned homebuilders in North America, with more than 45 years of history across the United States and Canada. Every year, Mattamy helps more than 8,000 families realize their dream of homeownership. In Canada, its communities stretch across the Greater Toronto Area, Ottawa, Calgary and Edmonton. In the United States, the company is represented in 11 markets – Dallas, Charlotte, Raleigh, Phoenix, Tucson, Jacksonville, Orlando (where its US head office is located), Tampa, Sarasota, Naples and Southeast Florida. For more information, please visit
