VANCOUVER, British Columbia, March 10, 2021 (GLOBE NEWSWIRE) -- U.S. House Representative Marcy Kaptur , Chairwoman of the House Appropriations Subcommittee on Energy and Water Development, toured the U.S. capital’s DC Water Headquarters (“ DC Water HQ ”) yesterday to see the benefits of the building’s wastewater energy recovery system installed by SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the “Company”).
The iconic DC Water HQ, constructed on the banks of the Anacostia River in 2017, was recently designated LEED Platinum by the U.S Green Building Council . That designation was enabled by the SHARC wastewater energy recovery system’s ability to reduce GHG emissions and fossil fuel use by capturing the thermal energy in wastewater that would have normally been sent down the drain — and by also providing electrically efficient cooling resulting in reduced freshwater usage of the buildings cooling towers.
“I have never seen a technology that could have as positive of an impact on energy as what I have seen at the DC Water HQ,” said Congresswoman Kaptur after her visit.
Since its implementation at DC Water HQ , the SHARC system has been operating on a heating and cooling ratio of roughly 3.3% and 96.7%, respectively, showcasing its ability to operate in both heating and cooling applications. Through the usage of the SHARC system, the building has been able to prevent the emission of approximately 12.6 metric tonnes of carbon dioxide due to heating by fossil fuels annually, the equivalent of planting 573 trees. In applications requiring a higher degree of heating, these figures would be significantly increased. Furthermore, in its cooling operation, it is estimated that the SHARC system results in a reduction of 1.5 million gallons of freshwater annually that would otherwise be required for the cooling towers.
“We are delighted to have Representative Kaptur see our wastewater recovery system in action,” said SHARC Energy CEO Lynn Mueller. “SHARC’s wastewater energy recovery systems are a breakthrough technology that will help the United States — and the world — dramatically reduce the carbon footprint and energy profiles of residential, commercial and public buildings.”
SHARC Energy’s systems are now operating — or are scheduled to be installed — in buildings and district energy systems across North America. For example, the National Western Center in Denver is pioneering the largest scale wastewater district-energy innovation in North America to date with SHARC Energy. The National Western Center will rely on two SHARC wastewater energy recovery systems placed in the heart of its 3.8-megawatt (MW) district energy system, creating a low-carbon campus that is sustainable and regenerative .
About SHARC Energy
SHARC International Systems Inc. is a world leader in energy recovery from the wastewater we send down the drain every day. SHARC Energy’s systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water production for commercial, residential and industrial buildings.
SHARC Energy is publicly traded in Canada ( CSE: SHRC ), the United States ( OTCQB: INTWF ) and Germany ( Frankfurt: IWIA ) and you can find out more on our SEDAR profile.
Learn more about SHARC Energy: Website | Investor Page | LinkedIn | YouTube | PIRANHA
ON BEHALF OF THE BOARD
Lynn Mueller
Chairman and Chief Executive Officer
For investor inquiries, please contact:
Hanspaul Pannu
Chief Financial Officer
SHARC Energy
Telephone: (604) 475-7710 ext. 4
Email: hanspaul.pannu@sharcenergy.com
For media inquiries, please contact:
Mike Tanyi
Director of Marketing and IT
SHARC Energy
Telephone: (604) 475-7710 ext.109
Email: mike.tanyi@sharcenergy.com
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified using words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether because of new information, future events or otherwise, except as required by applicable securities legislation.
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