New Sicamous bio-heat facility generates over $24K in 3 months

By Heather Black
Vernon Morning Star
February 28, 2024
Category: Carbon, Climate & Bioenergy
Region: United States, US West

Sicamous’ new bio-heat facility that provides alternative energy to the industrial park is already turning a profit after just three months in operation. Reporting to the district’s Select Finance Committee on Feb. 28, chief financial officer Bianca Colonna said two connections currently using the system generated $24,364 in revenue. Based on the 2023 numbers, she also provided a budget for the first three months of 2024, taking the initial learning curve for users into account. Colonna estimated revenue for the six months of operation this year at $38,250. With 2023 expenses at $15,689, that left a net revenue of $8,675 that was transferred to reserve. For the 2024 budget, Colonna anticipates $25,888 in costs and $12,362 going into reserve. …The biggest cost is the wood chips at $12,326. The district currently pays a flat rate of $120 per tonne, and Colonna expects that rate to remain pretty consistent going forward, but has projected an annual two per cent increase on costs.

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