Sharc Energy’s Wet System Powers Groundbreaking Sen̓áḵw Energy System

/EIN News/ -- VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the “Company”) is proud to announce its Wastewater Energy Transfer ("WET") system as the core component of Creative Energy's Sen̓áḵw Energy System, the district energy system, or thermal energy network, that will be supporting the landmark Vancouver based project, Sen̓áḵw—an ambitious undertaking representing the largest real estate development in Canadian First Nations history. The SHARC WET system has been shipped to the project.

District Energy Systems (“DES”), or Thermal Energy Networks (“TEN”), provide thermal energy to multiple buildings from a central energy plant. Steam or hot water produced at the plant is transmitted 24/7 through highly insulated underground thermal piping networks. Thermal energy is transferred into and from the building’s system through energy transfer stations placed in the building, reducing mechanical room space required for housing equipment and simplifying heating and cooling systems. SHARC Energy enables DES or TENs to leverage wastewater, a forgotten resource, as a low-carbon source of thermal energy to help save energy and reduce carbon emissions on a multiple-building scale.

“We are extremely pleased to announce our partnership with Creative Energy and the Squamish Nation to participate in the rebirth of the historic village of Senakw located in the heart of Vancouver. We are developing a net- zero district heating and cooling system for Sen̓áḵw, which will contain 11 buildings and over 6,000 rental homes, designed to leverage sewer heat recovery as a low-carbon source of thermal energy by extracting heat from one of Metro Vancouver's nearby sewer trunk mains. Working with SHARC Energy, we will utilize its WET system as the core component for the Sen̓áḵw Energy System,” says Kieran McConnell, Senior Vice President, Engineering & Innovation, Creative Energy.

Sen̓áḵw, is being developed by the Squamish Nation's economic development arm, Nch’ḵay̓ Development Corporation. Once fully completed, it will comprise 11 buildings featuring over 6,000 rental units across more than 3 million square feet of residential floor space. It is set to become Canada’s largest net zero operational carbon purpose-built community.

Over the next 30 years, the Sen̓áḵw Energy System is projected to reduce carbon emissions by 120,000 tonnes compared to a conventional natural-gas based system. This reduction is equivalent to planting 5.5 Stanley Parks or 165,000 acres of trees. The system will initially provide heating and cooling to each building within the development with the potential for future expansion to accommodate upcoming projects.

Significantly, this project not only represents the first private development in British Columbia to leverage Metro Vancouver’s Sewage and Waste: Heat Recovery policy, but also marks the first private residential development in Canada to harness an external sewer force main as its primary energy source.

“District energy systems powered by renewable sources have significant benefits for the community and for the climate,” said Mike Hurley, Chair of the Metro Vancouver Board of Directors. “We’re pleased to provide access to the abundant heat in our sewers for this project and others like it, which will help us achieve regional carbon neutrality by 2050.”

Currently, there are several WET district energy projects in development in various stages across the lower mainland of British Columbia. Quietly, the Metro Vancouver region is becoming the Wastewater Energy Transfer capital of the world showcasing climate leadership in how other regions globally can leverage a forgotten resource like wastewater to significantly decarbonize heating and gain natural resources like fresh water used in cooling towers. As highlighted in a recent Wall Street Journal article featuring several SHARC WET projects, awareness and education around the untapped reservoir of energy available in the sewers continues to gain momentum.

“SHARC Energy is excited to be at the forefront of this transformative project,” said Michael Albertson, CEO of SHARC Energy. “The Sen̓áḵw development sets a new standard for sustainable urban living, and our WET system is pivotal in realizing this vision.”

In North America, recent years have shown the proliferation of legislation supporting DES or TEN systems. Currently, eight states, including Massachusetts, Minnesota, New York, Colorado, Washington, Maryland, Vermont and California, have legislation that either allows or mandates utilities to develop thermal energy network demonstration projects or pilots.

About SHARC Energy  

SHARC International Systems Inc. is a world leader in energy transfer with the wastewater we send down the drain every day. SHARC Energy's systems exchange thermal energy with wastewater, generating one of the most energy-efficient and economical systems for heating, cooling & hot water production for commercial, residential and industrial buildings along with thermal energy networks, commonly referred to as “District Energy”.

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 | SHARC

About Creative Energy

Recognized as a leader in innovative energy solutions, Creative Energy designs, builds, owns, and operates sustainable district energy systems across North America. Our team has a client-focused, community-vested approach to projects that deliver outstanding quality and service while providing tangible value for continued growth. In addition to owning and operating one of Canada’s largest thermal networks in downtown Vancouver, Canada, we provide value to developers, landowners, end-users and the broader community through flexible thermal neighborhood energy systems. Our projects focus on innovation, resiliency, and sustainability, and span across a broad spectrum of technologies including geo-exchange, ocean exchange, cogeneration, microgrids, solar PVs, and sewer heat recovery.

Serving customers for over 55 years with a reliability rate of 99.99%, we’re developing more than a dozen new low-carbon district energy systems across North America, including the revitalization and decarbonization of our downtown Vancouver steam plant which will be one of North America’s largest thermal fuel-switch projects and provide downtown Vancouver with renewable energy infrastructure for decades to come.

Visit our website to learn more https://creative.energy/

ON BEHALF OF THE BOARD

Fred Andriano
Chairman

For investor inquiries, please contact:	For media inquiries, please contact:
Hanspaul Pannu	Mike Tanyi
Chief Financial & Operating Officer	Director of Marketing & IT
SHARC Energy	SHARC Energy
Telephone: (604) 475-7710 ext. 4	Telephone: 604.475.7710 Ext.109
Email: hanspaul.pannu@sharcenergy.com	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. 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cb4c2081-233f-4ac1-b579-6ceb7d7449da