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Corix

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uuid000aefn

Namestring
Corix
Legal namestring
Corix
Websiteurl
corix.com
Company typeenum
Private
Founded yearint
2006
Descriptiontext

Corix is a Canadian-domiciled, private sustainable infrastructure company founded in 2006 and headquartered in Vancouver, operating with 1001–5000 employees across British Columbia and Utah. The firm delivers drinking water, wastewater processing, and energy services, with its core competency being district energy systems — interconnected underground pipe networks that supply heating and cooling to large mixed-use developments. Its flagship project is the Utah City district energy system in Vineyard, Utah, operated through the wholly-owned subsidiary Corix Utah City Heating and Cooling LLC, which is designated as Utah's first regulated heat corporation and is engineered to serve up to 18 million square feet of mixed-use space.

The company's underlying technology combines conventional district energy architecture with proprietary waste heat recovery systems and backup power solutions built around repurposed electric vehicle batteries. Corix operates as a regulated thermal utility within designated service territories, monetizing through long-duration utility-style contracts rather than transactional sales. Pricing is not publicly disclosed. Customer segments are segmented vertically: a primary segment of mixed-use development communities requiring sustainable heating and cooling, and a secondary segment of academic and research institutions (e.g., Simon Fraser University's Cedar Supercomputing Centre) requiring sustainable data centre and HPC infrastructure with waste heat management.

Corix's go-to-market is regulatory and infrastructure-driven: it secures territorial utility franchises (such as the Utah Public Service Commission designation), then delivers services through physical pipe infrastructure with high upfront capital deployment and long operational tail. The 2026 expansion into the U.S. via the Utah franchise and the SFU partnership signals a multi-jurisdiction growth posture, though detailed revenue mechanics, customer concentration, and ownership structure remain undisclosed.

Short descriptiontext

Corix is a Canadian sustainable infrastructure company providing district energy, drinking water, and wastewater services. It operates regulated thermal utility franchises serving mixed-use developments and academic research institutions across British Columbia and Utah.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersVancouver, Canada
HQ citystring
Vancouver
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
district energy systems, thermal utility services, heating cooling infrastructure, waste heat recovery, sustainable energy utilities
Industry3 codes
1District Energy & Community CHP (District Heating/Cooling Networks)
CodeEUACAKAHPrimaryYes
2Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers)
CodeEUABAJAFPrimaryNo
3Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling)
CodeHDABAKADPrimaryNo
NAICS code2 codes
  • Steam and Air-Conditioning Supply221330
  • Steam and Air-Conditioning Supply22133
SIC code1 code
  • Cogeneration Services & Small Power Producers4991
Product category
District Energy and Thermal Utility Services
Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Infrastructure, Operations, Personnel, Technology or R&D
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Corix operates as a regulated thermal utility providing heating and cooling services through district energy infrastructure. The company builds and operates interconnected underground pipe networks that deliver heating and cooling to large-scale mixed-use developments, including up to 18 million square feet of space. It also offers waste heat recovery technology and sustainable backup power solutions using repurposed electric vehicle batteries, and partners with academic institutions on sustainable data centre infrastructure.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Serving up to 18 million square feet of mixed-use space through district energy system
Product overview1 text field

Corix provides district energy infrastructure services including heating and cooling systems for large-scale mixed-use developments. The company's primary offering is the Utah City district energy system in Vineyard, Utah, which operates an interconnected underground pipe network serving up to 18 million square feet of mixed-use space. Corix also partners on sustainable infrastructure projects including data centre waste heat recovery and backup power systems using repurposed electric vehicle batteries. The company operates as a regulated thermal utility provider.

Product and service2 records
1District Energy Heating and Cooling Services
CategoryDistrict Energy / Thermal Utility
Description

Regulated thermal utility service delivering centralized heating and cooling through an interconnected underground pipe network to mixed-use developments, residential communities, and commercial properties within designated service areas.

2Waste Heat Recovery Solutions
Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
1Ecolab
TypeOthers
Description

Global water, hygiene, and energy technologies provider with significant industrial water and energy efficiency offerings. Comparable as a broader sustainable infrastructure adjacency touching Corix's water and energy mandate.

2Enwave Energy Corporation
TypeDirect peer
Description

Canadian district energy operator serving downtown cores and institutional campuses with heating and cooling networks. Closest direct peer given shared district energy utility model and Canadian footprint overlap.

3Creative Energy
TypeDirect peer
Description

Vancouver-based district energy utility supplying steam and hot water to downtown buildings. Direct competitor in BC district heating and comparable in customer base and thermal utility structure.

4ATCO Ltd.
TypeBroad incumbent
Description

Canadian diversified utility and infrastructure operator with energy, water, and buildings operations including district energy systems. Comparable as a larger incumbent with adjacent thermal infrastructure exposure.

5Veolia
TypeBroad incumbent
Description

Global environmental services and energy operator with significant district heating and cooling networks across Europe and North America. Broad incumbent offering overlapping thermal utility capabilities.

6ENGIE
TypeBroad incumbent
Description

Global energy and utilities group with district heating and cooling networks worldwide. Compares as a broad incumbent in the thermal utility space with substantial decarbonization focus.

7Fortis Inc.
TypeBroad incumbent
Description

Canadian-headquartered regulated utility holding company with gas and electric distribution assets across North America. Compares as a larger regulated utility peer with cross-border operations.

8Dalkia
TypeBroad incumbent
Description

EDF subsidiary specializing in district heating and cooling networks and energy services across Europe. Comparable as an established district energy operator with deep technical capabilities.

9Trane Technologies
TypeBroad incumbent
Description

Global HVAC and building thermal management equipment and services provider. Comparable as an incumbent serving the same end-customers (mixed-use, institutional, data centers) with thermal solutions.

10Stantec
TypeOthers
Description

Global engineering, architecture, and consulting firm that designs district energy and water infrastructure. Comparable as an ecosystem participant and potential development partner for Corix-style projects.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Corix

District Energy and Thermal Utility Servicescorix.com

Corix is a Canadian sustainable infrastructure company providing district energy, drinking water, and wastewater services. It operates regulated thermal utility franchises serving mixed-use developments and academic research institutions across British Columbia and Utah.

What Corix does

Corix is a Canadian-domiciled, private sustainable infrastructure company founded in 2006 and headquartered in Vancouver, operating with 1001–5000 employees across British Columbia and Utah. The firm delivers drinking water, wastewater processing, and energy services, with its core competency being district energy systems — interconnected underground pipe networks that supply heating and cooling to large mixed-use developments. Its flagship project is the Utah City district energy system in Vineyard, Utah, operated through the wholly-owned subsidiary Corix Utah City Heating and Cooling LLC, which is designated as Utah's first regulated heat corporation and is engineered to serve up to 18 million square feet of mixed-use space.

The company's underlying technology combines conventional district energy architecture with proprietary waste heat recovery systems and backup power solutions built around repurposed electric vehicle batteries. Corix operates as a regulated thermal utility within designated service territories, monetizing through long-duration utility-style contracts rather than transactional sales. Pricing is not publicly disclosed. Customer segments are segmented vertically: a primary segment of mixed-use development communities requiring sustainable heating and cooling, and a secondary segment of academic and research institutions (e.g., Simon Fraser University's Cedar Supercomputing Centre) requiring sustainable data centre and HPC infrastructure with waste heat management.

Corix's go-to-market is regulatory and infrastructure-driven: it secures territorial utility franchises (such as the Utah Public Service Commission designation), then delivers services through physical pipe infrastructure with high upfront capital deployment and long operational tail. The 2026 expansion into the U.S. via the Utah franchise and the SFU partnership signals a multi-jurisdiction growth posture, though detailed revenue mechanics, customer concentration, and ownership structure remain undisclosed.

Corix firmographics

Firmographics
Name
Corix
Legal name
Corix
Website
https://corix.com
Company type
Private
Founded year
2006
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Corix is a Canadian sustainable infrastructure company providing district energy, drinking water, and wastewater services. It operates regulated thermal utility franchises serving mixed-use developments and academic research institutions across British Columbia and Utah.
Ownership category
akta.pro rank

Corix industry classification

Industry
Product category
District Energy and Thermal Utility Services
NAICS
Steam and Air-Conditioning Supply (221330), Steam and Air-Conditioning Supply (22133)
SIC
Cogeneration Services & Small Power Producers (4991)
akta.pro primary industry
District Energy & Community CHP (District Heating/Cooling Networks) (EUACAKAH)
akta.pro secondary industries
Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers) (EUABAJAF), Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling) (HDABAKAD)

Keywords

  • District energy systems
  • Thermal utility services
  • Heating cooling infrastructure
  • Waste heat recovery
  • Sustainable energy utilities

Where Corix is headquartered

Location

Headquarters

HQ city
Vancouver
HQ country
Canada
HQ region
North America

Markets served

Corix business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Infrastructure, Operations, Personnel, Technology or R&D

Distribution channels1 record

Corix product offering

Product offering

Core offering

Corix operates as a regulated thermal utility providing heating and cooling services through district energy infrastructure. The company builds and operates interconnected underground pipe networks that deliver heating and cooling to large-scale mixed-use developments, including up to 18 million square feet of space. It also offers waste heat recovery technology and sustainable backup power solutions using repurposed electric vehicle batteries, and partners with academic institutions on sustainable data centre infrastructure.

Product overview

Corix provides district energy infrastructure services including heating and cooling systems for large-scale mixed-use developments. The company's primary offering is the Utah City district energy system in Vineyard, Utah, which operates an interconnected underground pipe network serving up to 18 million square feet of mixed-use space. Corix also partners on sustainable infrastructure projects including data centre waste heat recovery and backup power systems using repurposed electric vehicle batteries. The company operates as a regulated thermal utility provider.

Differentiator

Problem solved

Functional benefit

Products and services

  • District Energy Heating and Cooling Services Regulated thermal utility service delivering centralized heating and cooling through an interconnected underground pipe network to mixed-use developments, residential communities, and commercial properties within designated service areas.
  • Waste Heat Recovery Solutions

Quantifiable outcome

  • Serving up to 18 million square feet of mixed-use space through district energy system

Companies that use Corix

Customer profile

Segments2 records

Ideal customer profiles2 records

Corix technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Corix partnerships and signals

Strategic signal

Recent moves5 records

Expansion highlights5 records

Corix competitors and assessment

Company assessment

Others

  • Ecolab: Global water, hygiene, and energy technologies provider with significant industrial water and energy efficiency offerings. Comparable as a broader sustainable infrastructure adjacency touching Corix's water and energy mandate.
  • Stantec: Global engineering, architecture, and consulting firm that designs district energy and water infrastructure. Comparable as an ecosystem participant and potential development partner for Corix-style projects.

Direct peers

  • Enwave Energy Corporation: Canadian district energy operator serving downtown cores and institutional campuses with heating and cooling networks. Closest direct peer given shared district energy utility model and Canadian footprint overlap.
  • Creative Energy: Vancouver-based district energy utility supplying steam and hot water to downtown buildings. Direct competitor in BC district heating and comparable in customer base and thermal utility structure.

Broad incumbents

  • ATCO Ltd. Canadian diversified utility and infrastructure operator with energy, water, and buildings operations including district energy systems. Comparable as a larger incumbent with adjacent thermal infrastructure exposure.
  • Veolia: Global environmental services and energy operator with significant district heating and cooling networks across Europe and North America. Broad incumbent offering overlapping thermal utility capabilities.
  • ENGIE: Global energy and utilities group with district heating and cooling networks worldwide. Compares as a broad incumbent in the thermal utility space with substantial decarbonization focus.
  • Fortis Inc. Canadian-headquartered regulated utility holding company with gas and electric distribution assets across North America. Compares as a larger regulated utility peer with cross-border operations.
  • Dalkia: EDF subsidiary specializing in district heating and cooling networks and energy services across Europe. Comparable as an established district energy operator with deep technical capabilities.
  • Trane Technologies: Global HVAC and building thermal management equipment and services provider. Comparable as an incumbent serving the same end-customers (mixed-use, institutional, data centers) with thermal solutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Corix social profiles

Digital presence

Corix financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Corix leadership team

Management profile

Number of profiles

Corix subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Corix funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Corix M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Corix

What does Corix do?

Corix operates as a regulated thermal utility providing heating and cooling services through district energy infrastructure. The company builds and operates interconnected underground pipe networks that deliver heating and cooling to large-scale mixed-use developments, including up to 18 million square feet of space. It also offers waste heat recovery technology and sustainable backup power solutions using repurposed electric vehicle batteries, and partners with academic institutions on sustainable data centre infrastructure.

Is Corix a public or private company?

Corix is a private company. It is classified as unknown and is currently operating.

When was Corix founded?

Corix was founded in 2006. It employs 1,001 to 5,000 people.

Where is Corix based?

Corix is headquartered in Vancouver, Canada, in the North America region.

Who are Corix's main competitors?

Others on record are Ecolab and Stantec. Direct peers are Enwave Energy Corporation and Creative Energy. Broad incumbents are ATCO Ltd., Veolia, ENGIE, Fortis Inc., Dalkia and Trane Technologies.

Does Corix have an API?

No public API is recorded for Corix.

What industry is Corix in?

Corix's product category is District Energy and Thermal Utility Services. Its primary akta.pro industry code is EUACAKAH, District Energy & Community CHP (District Heating/Cooling Networks), with a secondary code of EUABAJAF, Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers). Its NAICS code is 221330 and its SIC code is 4991.

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Live signals
Spectrum NewsCleveland's steam heat system looks to expandCorix, through its subsidiary Cleveland Thermal, is expanding its district energy system in Cleveland by adding 1.5 million square feet of building space to its steam and cooling network. The company highlights the system's efficiency and low-carbon benefits following a previous conversion from coal to natural gas that reduced customer emissions by 84%. Industry experts note that such district energy systems are making a comeback due to decarbonization opportunities, although Ohio has not yet passed supportive state laws.Simon Fraser UniversitySFU partners with businesses to boost sustainability of Canada’s fastest academic supercomputerSFU (Simon Fraser University) has signed memoranda of understanding with three Canadian companies — Cerio, Corix, and Moment Energy — to enhance the sustainability of its Cedar Supercomputing Centre in Burnaby, BC, which houses Fir, the fastest academic supercomputer in Canada. The partnerships target sustainable data centre infrastructure, waste heat recovery for district energy systems, and backup power using repurposed electric vehicle batteries. The Cedar Supercomputing Centre already operates at an industry-leading power usage effectiveness of 1.07, powered by clean hydroelectric energy.PR NewswireCorix Secures Regulatory Approval for Utah's First Heating and Cooling Thermal Public UtilityCorix Utah City Heating and Cooling LLC has received approval from the Utah Public Service Commission to become Utah's first designated heat corporation, authorizing the company to provide regulated heating and cooling services in the state. This landmark regulatory decision enables Corix to develop and operate a district energy system for Utah City, a new 700-acre mixed-use development in Vineyard, Utah, with service to begin later this year serving up to 18 million square feet at full build-out. The approval establishes a new regulatory precedent in Utah, extending consumer protections to thermal energy customers and supporting the state's energy objectives and economic growth.NewswireCorix Secures Regulatory Approval for Utah's First Heating and Cooling Thermal Public UtilityCorix Utah City Heating and Cooling LLC has received approval from the Utah Public Service Commission to be designated as Utah's first heat corporation, enabling the company to provide heating and cooling services through a district energy system for the Utah City development in Vineyard, Utah. This landmark regulatory decision establishes a new precedent in the state, authorizing Corix to develop and operate an interconnected underground pipe network serving up to 18 million square feet of mixed-use space, with service expected to begin later this year. The approval extends consumer protections to Utah City residents and businesses while advancing Utah's energy objectives and economic growth.Smart Cities NewsPlanning Smarter Cities: Developing District EnergyThe article examines the development of district energy systems as a strategic tool for urban planning and climate mitigation, highlighting various ownership, governance, and financing models such as Power Purchase Agreements and Special Purpose Vehicles. It analyzes barriers to implementation in existing downtowns compared to new developments like Hudson Yards and discusses investment perspectives from entities like Corix and private equity firms. The piece concludes that overcoming regulatory hurdles through pilot projects is essential to building confidence among end-users and investors for wider adoption.STOREYSBC Real Estate And Development Industry Hires And Promotions: August 2025The BC real estate and development industry saw multiple hiring and promotion announcements across various companies in August 2025, including Donny van Dyk being named City Manager at the City of Vancouver effective September 8, replacing Paul Mochrie who departed on July 22. Notable leadership moves included appointments at Conwest Developments, Prologis, Townline, OpenForm Properties, Beedie, BCI, BGO, KingSett Capital, Allied Properties REIT, Nicola Wealth Real Estate, TD, Amica Senior Lifestyles, Corix, Vancouver Art Gallery, Devon Properties, BC Non-Profit Housing Association, and Creative Energy. The short timeline for van Dyk's appointment following Mochrie's departure is now under investigation.CorixCorix and Flagborough Partner to Develop a Cost-Effective, Low-Carbon District Energy System at Utah CityCorix District Energy Holdings LP and Flagborough have partnered to develop a low-carbon district energy system for Utah City, a new mixed-use development in Vineyard, Utah. This project aims to provide heating, cooling, and hot water while utilizing an innovative energy approach that includes waste energy capture, with the first phase expected to be operational by early 2026. The initiative emphasizes sustainable energy and community-centric design as part of a larger vision for the urban development.PR NewswireCorix Expands Executive Team to Accelerate Energy Growth Across North AmericaCorix, a developer of low-carbon thermal energy systems across North America, announced the appointment of Diego Mandelbaum as Chief Development Officer to lead growth initiatives and strategic partnerships. Mandelbaum brings experience from Creative Energy, where he served as Senior Vice President of Development focusing on low-carbon community energy systems. The appointment underscores Corix's focus on expanding sustainable energy infrastructure across Canada and the United States.Smart Cities NewsLow-carbon district energy system launches in a Washington city’s waterfront neighborhoodCorix DE Systems launched a district energy system in Bellingham, Washington, serving more than 200,000 square feet of buildings in the downtown waterfront district, capturing waste heat from Puget Sound Energy's Encogen Generating Station. The three prefabricated modules provide 1.5 MW of thermal heating capacity and 380 tons of cooling capacity. The project will eventually cover 1.6 million square feet and avoid 2,400 tons of CO2 equivalent emissions.Facilities DiveCorix district energy system launches in Bellingham, Washington, waterfront neighborhoodCorix DE Systems has launched the Bellingham District Energy Utility, a low-carbon district energy system in Washington that initially serves over 200,000 square feet of buildings by capturing waste heat from Puget Sound Energy’s Encogen Generating Station. Developed with the Port of Bellingham to comply with the 2021 Washington State Energy Code, the system aims to decarbonize buildings more efficiently than individual units. The project is part of a larger redevelopment plan for a former industrial site and is projected to eventually serve 1.6 million square feet while avoiding significant carbon emissions.