Vancouver, B.C, Canada (March 10, 2022) – SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”) is announcing it has entered into a non-binding Memorandum of Understanding (“MOU”) with Carry the Kettle Nakoda Nation and Saskatchewan Renewable Energy Solutions Inc. The purpose of the MOU is to create an environmentally, socially and economically beneficial renewable energy project utilizing solar energy and SHARC Wastewater Energy Transfer (“WET”) equipment.
The MOU acknowledges that this renewable energy project would be taking place on Treaty 4 Land in Saskatchewan. Each party to the MOU with Carry the Kettle Nakoda Nation actively recognizes the culture, contributions, and history of Indigenous People in Saskatchewan, Canada and United States, and would like to express honour and respect to Treaty 4’s natural environment and people. It is the intention of the MOU to create a lasting positive impact on Carry the Kettle Nakoda Nation for future generations to come.
The SHARC and PIRANHA WET Systems paired with solar energy will supply clean and efficient heating, cooling, and hot water to the Nakoda Oyade Education Centre and surrounding community houses through the usage of two renewable resources – sunlight and wastewater. This project will make the education centre amongst the most sustainable in Saskatchewan as it will significantly reduce the nation’s carbon emissions annually through the reduction of propane use on Treaty 4 land.
Furthermore, a key goal of the project is to create a positive environmental, social and economic impact for Carry the Kettle Nakoda Nation through the deployment of local and indigenous-owned businesses in different aspects of the project and to continue to build skills, capacity and expertise within the developing renewable energy industry.
“Saskatchewan Renewable Energy Solutions takes great pride in the privilege of working with Carry the Kettle Nakoda Nation to reduce carbon emissions and to create opportunity and knowledge in the renewable energy industry for local indigenous-owned businesses,” says Dimitris Kourles, CEO of Saskatchewan Renewable Energy Solutions Inc., a manufacturer representative of SHARC Energy. “This project is being planned with a triple-bottom-line approach to provide a lasting social, economic and environmental impact.”
“Our community fully supports the renewable energy sector and we are excited to participate in this excellent initiative”, says Shawn Spencer, Band Councillor of Carry the Kettle Nakoda Nation, “Our elders and youth have always provided ongoing support when pursuing renewable energy and this Wastewater Energy Transfer project at our school is a perfect example of our youth’s voices being heard. Pina Maya (Thank you)!”
“We are honoured to be supporting Carry the Kettle Nakoda Nation and Saskatchewan Renewable Energy Solutions in developing this sustainable project”, says Lynn Mueller,” CEO of SHARC Energy. “Rural communities like Carry the Kettle Nakoda Nation face energy challenges that increase the reliance on fossil fuels and this project will serve as an example of how smaller communities can invest in clean energy solutions for greater energy security.”
The parties will work together to come to a definitive agreement that would replace the MOU, outlining coordination, development, design, construction and delivery of the renewable energy project.