- Sharc International (SHRC) is joining forces with Subterra Renewables to enhance the renewable thermal energy transfer landscape
- Subterra boasts a proprietary Energy-as-a-Service (EaaS) model known as Aura, and will combine its geothermal exchange systems with Sharc’s WET technology
- Under the five-year agreement, both companies will co-develop up to C$200 million in projects
- Sharc International Systems Inc. (SHRC) opened trading at $0.26 per share
Sharc International (SHRC) is joining forces with Subterra Renewables to enhance the renewable thermal energy transfer landscape.
Subterra boasts a proprietary Energy-as-a-Service (EaaS) model known as Aura, and will combine its geothermal exchange systems with Sharc’s WET technology.
Under the five-year agreement, both companies will co-develop up to C$200 million in projects that consist of either the acquisition of existing systems active in the field today, or the development of systems requiring capital to design, build, own, operate and maintain.
Subterra Renewables’ CEO, Lucie Andlauer stated that this partnership signals a definitive moment in the transition to sustainable cities.
“Sharc and Subterra together represent joint innovation, shared expertise and a mutual resolve to further geothermal exchange across North America’s infrastructure. We have gone from strength to strength. A partnership that combines two unique technologies, to create a single, comprehensive solution.”
Sharc CEO, Lynn Mueller added that this partnership intends to create innovative, sustainable energy solutions that will revolutionize the North American market.
“This partnership not only accelerates our growth but also reinforces our commitment to delivering the most efficient and environmentally friendly heating and cooling systems for our clients.”
Subterra Renewables is a full-service geothermal drilling provider that custom designs, engineers and installs a first-of-its-kind geothermal exchange system that aligns with government ESG initiatives and expedites building approvals.
Sharc International provides wastewater heat exchange expertise and products that reduce carbon footprint and saves on energy costs.
Sharc International Systems Inc. (SHRC) opened trading at $0.26 per share.
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