SHARC International Systems Inc.’s (CSE: SHRC) patented system extracts heat energy from wastewater, recycling the energy in a cost efficient and eco-friendly manner
SmallCapPower | August 8, 2019: SHARC International Systems Inc. (CSE: SHRC) (OTCQB:INTWF) is a “Green Energy” Company specializing in heat extraction from wastewater for water heating and space conditioning, which results in increased carbon savings, contributing to reduced carbon emissions globally. The Company’s core focus is to considerably cut carbon emissions and offer the most cost-efficient technology, thereby trimming down current and future energy costs for its customers. Heat energy accounts for over 50% of all energy consumption in buildings, and by recycling this excess energy individuals and corporations can lower their energy expenses while reducing their carbon footprint. SHARC Technologies’ mandate is to achieve savings of one million tonnes of carbon emissions by 2025 to help reduce the global carbon footprint left from wasted heat water. The Company was incorporated in February 2011, as International Wastewater Systems Inc., and then rebranded to its current name in September 2017. Headquartered in Port Coquitlam, BC, SHARC is publicly traded in Canada (CSE:SHRC), the United States (OTCQB:INTWF), and Germany (Frankfurt: IWIA).
SHARC Technology is a world leader in thermal heat recovery. SHARC™ technology systems recycles thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water preheating for commercial, residential and industrial buildings. The main benefits of the system include lower carbons emissions, carbon monoxide safety, better air quality, and low maintenance requirements.
Globally, US$1.0T in energy is wasted down drains each year in the form of heated water. This waste accounts for 70% of all greenhouse gas emissions from buildings and the associated energy production needed to serve and replenish that waste. In North America, 400B KW hours of energy (~$40.0B) a year goes down the drain, which is the equivalent of $1,000 per household in just hot water with an average temperature of 23°C (Source: Vancouver Sun). The average North American uses 60 gallons of water per day, which is the equivalent of ~450 half-litre bottles of water, 40% of which is heated and goes into the sewer system, contributing to higher temperature levels globally.
Approximately 40% of sewage water in the U.S. and Canada can be converted into energy and recycled using waste-to-energy recovery. In the U.S. and Canada, $40B worth of recoverable thermal energy goes into the sewage system. SHARC has found a solution that can mitigate this problem, through the use of the Company’s specialized wastewater heat recovery method.
SHARC’s patented system extracts heat energy from wastewater, recycling the energy in a cost efficient and eco-friendly manner, leading to reduced energy consumption and expense for commercial and residential applications. There is a vast supply of energy in the form of wastewater that can be recycled while significantly reducing our carbon footprint. Recycling this energy leads to reduced expenses, resulting in a four-year payback period on capital invested.
Migration towards renewable sources of energy is gaining rapid momentum globally. According to the International Energy Association (IEA), renewable heat consumption is expected to grow at a compound annual growth rate (CAGR) of 20%, reaching 11.8% of the renewable energy sector by 2023 (Source: IEA). The Waste Heat Recovery Systems (WHRS) segment of the renewable energy sector is expected to grow at a CAGR of 7% by 2025, reaching a value of $80B (Source: Global Market Insights). The segment is expected to draw major attention as governments globally look for ways to reduce their carbon footprint.
The market for wastewater heat recovery in the U.S., U.K. and Canada is driven by regulatory compliances, such as zero emission building plans, energy efficiency standards for residential and non-residential buildings, and incentive systems, such as renewable heat incentive and developer density bonuses. In 2018, Toronto, Montreal, and Vancouver signed a Net Zero Carbon Buildings Declaration, committing to significantly cut greenhouse gas emissions from major buildings to operate at net zero carbon by 2030 (Source). A SHARC unit in major commercial and residential buildings is a significant milestone for any municipality attempting to achieve this goal.
Amidst this favourable environment, SHARC offers a one-of-a-kind renewable solution based on a proprietary wastewater heat recovery system, which decreases carbon emissions in the most cost-effective manner. Unlike conventional systems, SHARC’s technology works on the principle of thermal energy transfer from one fluid to another and generates energy through an efficient four-stage process, which is explained on page 8.
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