SHARC Energy Receives Record Purchase Order from City of Surrey for District Energy Sewer Heat Recovery Project
Financial Post ·
VANCOUVER, British Columbia, Oct. 22, 2026 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”) is pleased to announce that, following a competitive procurement process, it has received a purchase order valued at over $5M from the City of Surrey for its District Energy Sewer Heat […]
Revenue from the project is expected to be generated in the second half of 2027 and into 2028, based on the current project schedule. The City is installing a multi system of SHARC 880s to support a combined thermal capacity of 6 MW, processing approximately 12,000 litres of wastewater per minute. The facility is designed for phased expansion to approximately 27 MW as district energy demand grows, with any additional equipment subject to future procurement. With the project now secured by a purchase order, it will add over $5 million to the Company’s Sales Order Backlog in the fourth quarter of 2026, with the associated revenue subject to project delivery and performance of the Company’s contractual obligations.¹ Read More