SHARC International Systems (SHRC) has signed a strategic commercialization agreement with WashOut Laundry.
The partnership will showcase the PIRANHA T15 retrofit to recover energy from wastewater.
WashOut will install the upgrades at its current laundry facility located on Annacis Island in British Columbia.
WashOut is signing a Capital Incentive Funding Program Approval Letter with FortisBC Inc. and FortisBC Energy to install the PIRANHA.
This marks the first PIRANHA retrofit to be approved under the FortisBC Custom Performance Program.
The PIRANHA system captures the heat from wastewater that would normally go down the drain and into the sewer system. WashOut is projected to save over 21-hundred gigajoules (GJ) per year of natural gas, saving 105 tonnes of greenhouse gas emissions annually.
"WashOut couldn’t be more excited to be a business leader taking the initiative to reduce our carbon footprint as the first laundry in Vancouver to install a PIRANHA system, significantly reducing our GHG emissions and saving on energy costs. SHARC Energy and FortisBC made it easy to take this step for the climate," said WashOut founder Mike Freides.
PIRANHA units are now in operation or scheduled to be installed in Canada in Burnaby, Vancouver, Lake Louise and Ottawa and internationally in Boulder, Colorado, Seattle, Washington, and Canberra and Sydney, Australia.
SHARC International is a leader in thermal energy recovery from wastewater.
The company's systems generate one of the most energy-efficient and economical systems for heating, cooling and hot water preheating for commercial, residential and industrial buildings.
SHARC is an ardent supporter of the FortisBC Rebate which significantly reduces the cost associated with retrofit projects in medium to large commercial, institutional, multi-unit residential or light-industrial buildings and facilities.
"The FortisBC Rebate provides climate-change conscious owners with incentives to mitigate escalating carbon taxes. SHARC Energy and FortisBC invite other businesses, from all sectors, to take part in the rebate program and help them transition to energy-efficient, low-carbon heating and cooling with the PIRANHA," said SHARC Energy President and CEO Lynn Mueller.
Shares of SHARC Energy are unchanged on the day, trading at C$0.51 12:59 p.m. EST.