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Sharc Energy’s Wet System Powers Groundbreaking Sen̓áḵw Energy System
Globenewswire· 2025-05-20 12:00
Core Insights - SHARC International Systems Inc. has announced its Wastewater Energy Transfer (WET) system as a key component of Creative Energy's Sen̓áḵw Energy System, which supports the largest real estate development in Canadian First Nations history [2][4] - The Sen̓áḵw project will feature 11 buildings with over 6,000 rental homes, aiming to create Canada's largest net-zero operational carbon community [5][6] - The project is expected to reduce carbon emissions by 120,000 tonnes over 30 years, equivalent to planting 5.5 Stanley Parks or 165,000 acres of trees [6] Company Overview - SHARC Energy specializes in energy transfer systems that utilize wastewater, providing energy-efficient solutions for heating, cooling, and hot water production [10] - The company is publicly traded in Canada, the United States, and Germany, and is recognized as a leader in the development of district energy systems [11] Industry Context - District Energy Systems (DES) or Thermal Energy Networks (TEN) provide thermal energy to multiple buildings from a central plant, utilizing highly insulated underground piping [3] - The Metro Vancouver region is emerging as a leader in utilizing wastewater for energy transfer, showcasing climate leadership and potential for decarbonization [8] - Recent legislative support in several U.S. states is promoting the development of thermal energy networks, indicating a growing trend in the industry [9]