- SHARC International Systems (CSE:SHRC) has entered into a startup services agreement with the Electric Power Research Institute
- Under the agreement, the company will commence a three-month demonstration project of its PIRANHA HC waste water energy system
- SHARC’s PIRANHA HC improves sustainability by providing hot water and air conditioning that uses energy recycled from wastewater
- The total cost of the project will be approximately C$68,000
- SHARC International Systems (SHRC) is up 17.65 per cent and is currently trading at 20 cents per share
SHARC International Systems (CSE:SHRC) has entered into a startup services agreement with the Electric Power Research Institute.
The purpose of the agreement is to demonstrate the ability of the company’s PIRANHA HC wastewater energy system. The PIRANHA HC provides hot water and air conditioning, using energy that is recycled from wastewater.
Under the agreement, SHARC will commence a three-month demonstration project of the PIRANHA HC system. The demonstration project will take place at a 65-unit apartment complex located in North Vancouver, British Columbia.
When it comes to responsible energy use, the chosen area is one of Vancouver’s most progressive metropolitan communities.
The project is part of a partnership which includes the Electric Power Research Institute, Ameren Corporation, Con-Edison, Southern California Edison, and Tennessee Valley Authority.
Once installed, the PIRANHA HC system will begin by providing 50 per cent of the building’s hot water load. The partial load operation will allow the company to gather more data for sizing future installations.
As the weeks progress, the percentage will gradually increase, until the system is providing 100 per cent of the hot water.
Throughout the task, SHARC will schedule the electric load to avoid peak hours. Once the system is providing all the hot water, it will spend three weeks doing so whilst avoiding utility peaks. Another three weeks at 100 per cent hot water load will be spent without the utility peak avoidance.
Throughout the process, data will be collected on the system’s costs, energy usage, energy savings, and greenhouse gas reduction. In particular, the project will observe and report on how the system improves the building’s sustainable energy profile.
The total cost of the demonstration project will be approximately C$68,000.
SHARC International Systems (SHRC) is up 17.65 per cent and is trading at 20 cents per share at 10:04am EDT.