Sharc Energy Featured in Ottawa’s LeBreton Flats Redevelopment District Energy Project
SHARC Energy (INTWF) announced that two SHARC 880 Wastewater Energy Transfer (WET) systems will power a district energy system in Ottawa's LeBreton Flats redevelopment. The project is led by the LeBreton Community Utility Partnership, a joint venture between Envari Holding Inc. and Theia Partners.
The WET system will provide 9 Megawatts of sustainable heating and cooling to the development, including DREAM's Odenak development - a 600-unit, two-tower project. The system is expected to reduce greenhouse gas emissions by 5,066 tonnes annually, equivalent to the electricity used by 3,387 homes for a year.
Construction will begin in late 2025, with SHARC Energy anticipating equipment delivery during 2026. The partnership is in discussions with the National Capital Commission to potentially expand the WET network to additional land parcels at LeBreton Flats.
SHARC Energy (INTWF) ha annunciato che due sistemi SHARC 880 Wastewater Energy Transfer (WET) alimenteranno un sistema di energia distrettuale nel progetto di riqualificazione di LeBreton Flats a Ottawa. Il progetto è guidato dalla LeBreton Community Utility Partnership, una joint venture tra Envari Holding Inc. e Theia Partners.
Il sistema WET fornirà 9 Megawatt di riscaldamento e raffreddamento sostenibili allo sviluppo, incluso il progetto Odenak di DREAM, composto da due torri per un totale di 600 unità abitative. Si prevede che il sistema ridurrà le emissioni di gas serra di 5.066 tonnellate all'anno, equivalenti all'elettricità consumata da 3.387 abitazioni in un anno.
I lavori di costruzione inizieranno alla fine del 2025, con SHARC Energy che prevede la consegna delle apparecchiature nel 2026. La partnership è in trattative con la National Capital Commission per un possibile ampliamento della rete WET a ulteriori aree di LeBreton Flats.
SHARC Energy (INTWF) anunció que dos sistemas SHARC 880 Wastewater Energy Transfer (WET) abastecerán un sistema de energía distrital en la remodelación de LeBreton Flats en Ottawa. El proyecto está liderado por la LeBreton Community Utility Partnership, una empresa conjunta entre Envari Holding Inc. y Theia Partners.
El sistema WET proporcionará 9 megavatios de calefacción y refrigeración sostenibles al desarrollo, incluyendo el proyecto Odenak de DREAM, que consta de dos torres con 600 unidades residenciales. Se espera que el sistema reduzca las emisiones de gases de efecto invernadero en 5,066 toneladas anuales, equivalente a la electricidad consumida por 3,387 hogares en un año.
La construcción comenzará a finales de 2025, y SHARC Energy anticipa la entrega del equipo durante 2026. La asociación está en conversaciones con la Comisión de la Capital Nacional para ampliar potencialmente la red WET a más parcelas en LeBreton Flats.
SHARC Energy (INTWF)는 오타와의 르브레통 플랫 재개발 지역에 두 대의 SHARC 880 폐수 에너지 전송(WET) 시스템이 지역 에너지 시스템에 전력을 공급할 것이라고 발표했습니다. 이 프로젝트는 Envari Holding Inc.와 Theia Partners가 공동으로 설립한 LeBreton Community Utility Partnership이 주도합니다.
WET 시스템은 DREAM의 오데낙 개발 프로젝트를 포함하여 600세대, 두 개의 타워로 구성된 개발지에 9메가와트의 지속 가능한 난방 및 냉방을 제공할 예정입니다. 이 시스템은 연간 5,066톤의 온실가스 배출량을 줄일 것으로 기대되며, 이는 3,387가구가 1년 동안 사용하는 전력량과 같습니다.
건설은 2025년 말에 시작되며 SHARC Energy는 2026년에 장비를 배송받을 것으로 예상합니다. 파트너십은 르브레통 플랫의 추가 부지에 WET 네트워크를 확장하기 위해 국립 수도 위원회와 논의 중입니다.
SHARC Energy (INTWF) a annoncé que deux systèmes SHARC 880 Wastewater Energy Transfer (WET) alimenteront un réseau de chauffage urbain dans le cadre de la réhabilitation de LeBreton Flats à Ottawa. Le projet est dirigé par LeBreton Community Utility Partnership, une coentreprise entre Envari Holding Inc. et Theia Partners.
Le système WET fournira 9 mégawatts de chauffage et de refroidissement durables au développement, y compris le projet Odenak de DREAM, composé de deux tours totalisant 600 unités résidentielles. Le système devrait réduire les émissions de gaz à effet de serre de 5 066 tonnes par an, soit l'équivalent de la consommation électrique de 3 387 foyers pendant un an.
La construction débutera fin 2025, SHARC Energy prévoyant la livraison des équipements en 2026. Le partenariat est en discussions avec la Commission de la capitale nationale pour potentiellement étendre le réseau WET à d'autres parcelles à LeBreton Flats.
SHARC Energy (INTWF) gab bekannt, dass zwei SHARC 880 Wastewater Energy Transfer (WET)-Systeme ein Fernwärmesystem im Entwicklungsprojekt LeBreton Flats in Ottawa mit Energie versorgen werden. Das Projekt wird von der LeBreton Community Utility Partnership geleitet, einem Joint Venture zwischen Envari Holding Inc. und Theia Partners.
Das WET-System wird 9 Megawatt nachhaltige Heiz- und Kühlleistung für das Entwicklungsgebiet bereitstellen, einschließlich des Odenak-Projekts von DREAM, das aus zwei Türmen mit 600 Wohneinheiten besteht. Es wird erwartet, dass das System die Treibhausgasemissionen um jährlich 5.066 Tonnen reduziert, was dem Stromverbrauch von 3.387 Haushalten für ein Jahr entspricht.
Der Baubeginn ist für Ende 2025 geplant, wobei SHARC Energy die Lieferung der Ausrüstung im Jahr 2026 erwartet. Die Partnerschaft führt Gespräche mit der National Capital Commission, um das WET-Netzwerk möglicherweise auf weitere Grundstücke in LeBreton Flats auszudehnen.
- Project will reduce greenhouse gas emissions by 5,066 tonnes annually
- System will provide 9 Megawatts of sustainable heating and cooling
- Potential expansion opportunities with additional land parcels at LeBreton Flats
- Equipment delivery expected in 2026, providing near-term revenue visibility
- None.
VANCOUVER, British Columbia, May 09, 2025 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the “Company”) is pleased to announce that two SHARC 880 Wastewater Energy Transfer (“WET”) systems will be used to power a district energy system (also referred to as thermal energy network), in the Canadian capital of Ottawa, Ontario, serving the LeBreton Flats redevelopment.
A new era of sustainable energy is dawning in Ottawa with the formation of the LeBreton Community Utility Partnership, a joint venture between Envari Holding Inc. (a subsidiary of Hydro Ottawa Holding Inc.) and Theia Partners. Together with the City of Ottawa, the partners have formalized a landmark agreement to implement an advanced WET system.
"The formation of the LeBreton Community Utility partnership marks a significant step in realizing a truly sustainable energy model for urban development. Our WET technology, powered by SHARC Energy's Canadian innovation, will provide reliable, efficient, and environmentally responsible thermal energy to the LeBreton community, starting with DREAM's Odenak development," stated Scott Demark, Partner at Theia Partners.
"This is more than just a project; it's a testament to Ottawa's dedication to leading the way in sustainable energy solutions. Hydro Ottawa is proud to be at the forefront of this innovation, demonstrating the power of collaboration and forward-thinking technology, including the highly efficient and Canadian-made SHARC Energy WET System, in building a sustainable future for the community we serve. We are especially pleased that this project supports vital affordable housing and aligns with our commitment to ensuring all customers can participate in a smart and equitable energy future," says Bryce Conrad, President and CEO of Hydro Ottawa Holding Inc.
This groundbreaking energy project will harness the untapped thermal potential of wastewater to provide 9 Megawatts (MW) of sustainable and efficient building heating and cooling to the LeBreton Flats redevelopment including DREAM's Odenak development at 665 Albert Street, the inaugural customer for LeBreton Community Utility's WET system. Odenak is a 600-unit, two-tower project adjacent to the Pimisi light rail transit (LRT) station. It features a mix of market-rate and affordable residential units as well as retail spaces. The WET system utilizes highly efficient heat pumps and operates entirely without fossil fuel, marking a significant step towards a cleaner energy future for the city.
“HTS is incredibly proud to be involved in this monumental project, which sets a new standard in sustainability. We are honored to contribute to such an innovative solution that not only pushes the boundaries of technology but also fosters a more sustainable future. This project reflects our commitment to advancing environmentally responsible practices and delivering the most advanced HVAC solutions,” said Wael Khalaf, P.Eng. HTS, SHARC Energy’s Ontario representative.
By utilizing SHARC Energy’s WET system, the LeBreton Community Utility estimates a reduction of approximately 5,066 tonnes of greenhouse gas (GHG) emissions annually compared to traditional buildings relying on boilers and chillers. To visualize 5,066 tonnes, it is the equivalent of the electricity used by 3,387 homes for a full year (as calculated by the Natural Resources Canada’s Greenhouse Gas Equivalencies Calculator).
“Almost 95 per cent of Ottawa’s greenhouse gases emissions are not within the City’s direct control. Instead, they require community action and commitment to achieve our reduction targets. In partnering on this innovative sewage energy project at LeBreton Flats, the City is supporting other local businesses and organizations to help us achieve a clean energy future for all of Ottawa,” said Mayor Mark Sutcliffe, City of Ottawa
Construction to connect to the City’s sewer infrastructure is slated to begin later this year, following a collaborative design phase between the City of Ottawa and the LeBreton Community Utility partners. SHARC Energy anticipates commencing submittals for the SHARC WET systems in 2025 with equipment build and delivery expected during 2026.
The LeBreton Community Utility Partnership is also engaged in discussions with the National Capital Commission (NCC) to explore the potential for the WET network to serve additional land parcels at the LeBreton Flats redevelopment, to take advantage of economies of scale. This forward-thinking approach positions the site as a model for sustainable community energy infrastructure in Canada. Moreover, this presents additional opportunities for the implementation of SHARC WET equipment.
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 HTS
HTS is North America’s largest independent distributor of built-to-order, full-service commercial and industrial HVAC solutions. HTS is dedicated to driving shared success by collaborating with all those involved in the design, selection, installation, and maintenance of the ideal HVAC solution for each project.
ON BEHALF OF THE BOARD
Freid 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/a8dbc469-7d83-4929-8402-906d4e192f12
FAQ
What is the LeBreton Flats project and how is SHARC Energy (INTWF) involved?
How much greenhouse gas reduction will SHARC Energy's WET system achieve at LeBreton Flats?
When will SHARC Energy (INTWF) deliver the equipment for the LeBreton Flats project?
What is the capacity of SHARC Energy's WET system for the LeBreton Flats project?
What is the potential for expansion of SHARC Energy's system at LeBreton Flats?
