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SHARC International Systems Inc. (OTCQB: INTWF), operating as SHARC Energy, regularly publishes news about its wastewater energy transfer (WET) technology, project deployments and corporate developments. The company describes itself as a world leader in recovering and transferring thermal energy from wastewater for use in heating, cooling and hot water production in buildings and district energy systems.
News updates often cover project milestones, such as the supply and commissioning of SHARC 880 systems for the False Creek Neighbourhood Energy Utility expansion, which the company notes is the largest operating WET project in North America, and shipments of SHARC WET systems to a U.S. government‑affiliated project. Releases also highlight SHARC systems being used or specified in district energy and thermal energy network projects in locations such as Ottawa and Vancouver.
Investors and observers can also find financial results announcements, where SHARC Energy reports quarterly revenue, margins, sales pipelines and order backlogs, along with commentary from management on how WET projects and thermal energy networks are influencing its business. These updates provide context on how the company’s technology and project pipeline relate to its reported performance.
Additional news items include intellectual property developments, such as the granting of patents for the SHARC wastewater heat exchange system in the United States, Europe and Canada, and corporate governance changes, including board appointments and leadership roles. SHARC Energy also reports on participation in climate and infrastructure events, such as Climate Week NYC and the New York Climate Exchange’s Sustainable Solutions Challenge, where its WET technology is discussed in the context of low‑carbon, resilient urban development.
For anyone tracking INTWF, this news flow offers insight into SHARC Energy’s project activity, technology positioning, capital markets updates and role in wastewater‑based thermal energy solutions.
SHARC International Systems Inc. (OTCQB: INTWF) announced positive business activity trends in a recent update. In 2022, the company conducted 68 project assessments, achieving over a 50% conversion rate, with 65 leads created in just the first two months of 2023. SHARC Energy anticipates continued growth in its Sales Pipeline and Sales Order Backlog, which increased by over 75% in 2022 compared to 2021. The firm also attended the IDEA conference, receiving favorable feedback on its Wastewater Energy Transfer (WET) technology. Insiders demonstrated confidence by investing $332,000 in shares, indicating strong belief in the company's mission and future growth.
SHARC International Systems Inc. (OTCQB: INTWF) announced a corporate update on February 17, 2023. The company fully converted $1.38 million in convertible debt and $1.35 million in warrants, boosting working capital. SHARC Energy is expanding the False Creek Neighbourhood Energy Utility project, increasing capacity to 9.8 MW, aiming for a reduction of 4,400 tonnes of carbon emissions annually. A new patent has been filed under the Patent Cooperation Treaty for the SHARC system design. Additionally, two PIRANHA T15 units were shipped to HTS Ontario, marking progress in their growing pipeline.
SHARC International Systems (OTCQB: INTWF) has announced the commencement of a $1.2 billion affordable housing redevelopment project in Brooklyn, New York. The first phase involves a $373 million investment to create 576 affordable homes, a 15,000-square-foot medical clinic, and retail space. Utilizing the SHARC and PIRANHA WET Systems, the project aims to incorporate sustainable energy solutions, including geothermal heating and a solar array. The development, known as Alafia, will ultimately provide over 2,400 affordable housing units, promoting community resilience and environmental goals.
SHARC International Systems has signed a Supply and Maintenance Agreement with the City of Vancouver for five SHARC systems aimed at expanding the False Creek Neighbourhood Energy Utility (NEU). This expansion will increase the wastewater energy transfer (WET) capacity from 3.2MW to 9.8MW, making it North America's largest WET project. Expected carbon emission reductions are around 4,400 tonnes annually, with completion anticipated in 2023. This project supports Vancouver's goal of 100% renewable energy by 2030.
SHARC Energy (OTCQB: INTWF) reported its Q3 2022 financial results with total revenue of $0.08M, down from $1.42M in Q3 2021. Year-to-date revenues dropped to $1.13M from $1.72M in the previous year. The company reported a Q3 adjusted EBITDA loss of $0.69M, contributing to a year-to-date loss of $3.54M. Despite these challenges, SHARC Energy noted a 16% growth in its Sales Order Backlog, now at $0.8M, and a 5% increase in its Design Pipeline to $11.06M. The management remains optimistic about future growth driven by new regulatory support and expanding project opportunities.
SHARC Energy (CSE: SHRC, OTCQB: INTWF) has announced the installation of its PIRANHA T15 WET system at Aura's 21 slope-side residences, which will operate entirely on renewable energy. The system captures thermal energy from wastewater, significantly reducing greenhouse gas emissions while providing energy savings. This marks the fourth SHARC installation in Colorado, aligning with the state's goal to cut carbon emissions by 90% from buildings by 2050. With nearly 30 systems installed globally, SHARC is poised to enhance its market presence in sustainable energy solutions.
SHARC Energy has partnered with Egg Geo to introduce the world's first combined wastewater energy transfer (WET) and geothermal system. This innovative project in the Bronx aims to supply 100% heating, hot water, and cooling for 316 affordable housing units in two 20-story towers. By utilizing thermal energy from the ground and wastewater, the approach significantly reduces upfront costs and makes geothermal energy viable in urban settings. The initiative aligns with the NYSERDA Empire Building Challenge, focusing on energy efficiency and decarbonization.
SHARC International Systems Inc. (OTCQB: INTWF) has released its financial results for Q2 2022, reporting a revenue of $0.17M, up 56% from Q2 2021. The year-to-date revenue reached $1.05M, a 254% increase. The company’s sales pipeline grew by 27% to $9.8M. However, Adjusted EBITDA loss rose to $0.83M in Q2, a 43% increase. Overall loss for Q2 was $1.24M. SHARC Energy highlights strategic partnerships and projects aimed at accelerating growth in the Wastewater Energy Transfer industry.
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