Deal represents the tip of a growing pipeline of sales opportunities in Ontario
Vancouver, B.C, Canada (June 15, 2022) – SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”), a world leader in energy transfer from wastewater, is pleased to announce that the Company and HTS Ontario (“HTS”), a representative of SHARC Energy products, have been selected to supply two PIRANHA T15 Wastewater Energy Transfer (“WET”) systems to be installed in Ottawa. These units will help a new housing complex recover the thermal energy from wastewater. This project represents the second PIRANHA site in Ottawa, Ontario. The units are expected to ship in the fourth quarter of 2022.
This deal is a key milestone as it marks the beginning of HTS’s growing SHARC Energy pipeline turning over and validates the Company’s strategy to support and leverage its representative network to help grow awareness and sales for its products in key markets.
“HTS is proud to represent SHARC Energy, a Canadian Company, in Ontario. Wastewater from buildings is an untapped resource for the HVAC industry. Having SHARC Energy’s experience and time-proven products will allow HTS to recover more heat and help us all generate less greenhouse gases,” said HTS Director, Canadian Operations, Paul Pilutti. “We have many projects in the planning and design phase and we anticipate significant growth in wastewater energy transfer projects.”
“We are excited about the growth of the Ontario Wastewater Energy Transfer market and we are grateful to have a strong partner in HTS Ontario supporting SHARC Energy as it pioneers this industry,” said SHARC Energy CEO Lynn Mueller. “Ottawa buildings are responsible for approximately 46% of community greenhouse gas emissions and we are proud to support the owners of the housing complex achieve their sustainability goals while helping the city achieve theirs.”
The PIRANHA WET system is an electrical hot water system that extracts thermal energy from wastewater and uses it to provide 100% of its hot water production at an average year-round efficiency of 400%. Every dollar of energy used to operate the system generates four dollars of output. The PIRANHA HC almost doubles that efficiency as this model provides simultaneous cooling as a by-product of hot water production.
SHARC Energy and HTS Ontario anticipate continued and accelerated growth in Ontario as policies supporting the adoption of WET products are passed. SHARC Energy and its district-scale WET system is well-positioned to support the City of Toronto’s Wastewater Energy Transfer Program which aims to reduce approximately 200,000 tonnes of GHG emissions annually while unlocking value for the City through the sale of thermal energy.
The SHARC WET system is installed in Vancouver’s False Creek Neighborhood Energy Utility, D.C Water Administrative Building in Washington, D.C. and the National Western Center, North America’s largest WET District Energy System in Denver, Colorado. The Company has nearly 30 installations of SHARC and PIRANHA WET systems installed or in progress in the United States, Canada, United Kingdom and Australia.