SHARC Energy Proud to Help Colorado Achieve its First Net-Zero-Energy Building Offering Commercial Leases and Rents

VANCOUVER, British Columbia, July 28, 2020 (GLOBE NEWSWIRE) -- Colorado’s first Net-Zero-Energy building for commercial lease and rent is taking delivery of the SHARC International Systems Inc.  (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the “Company”) wastewater energy system, to meet the development’s ground-breaking approach to reducing energy use in leased buildings.

The SHARC Energy system, called PIRANHA, is crucial to that objective by capturing the heat in wastewater and reusing the energy.  The PIRANHA has been shipped and will now be installed in the Boulder Commons development, one of the United States’ premier projects projected to achieve Net-Zero-Energy (“NZE”) and Net Zero Carbon goals.

SHARC Energy’s PIRANHA system, which is designed for a variety of industrial, commercial and multi-family residential building applications, will capture the heat in the residential building’s wastewater and then use it to heat the hot water for showers and sinks. This will reduce energy use and energy costs for owners, tenants and residents of the Boulder Commons complex.

“We are proud to be part of Boulder Commons, which is pioneering the way to reduce the energy we too often waste in our commercial and residential buildings,” said SHARC Energy’s CEO and Chairman Lynn Mueller. “The water we send down the drain daily contains heat, which SHARC re-captures and uses again and again. This project is part of our plan to bring both economic and environmental value to the water we too often discard, forgetting it contains valuable energy that can be recaptured for positive bottom-line and environmental benefits.”

The success of Boulder Commons’ renewable energy systems is being carefully watched by the Rocky Mountain Institute, the leading US think-tank on renewable energy use, which has its Boulder office inside the complex.

The Rocky Mountain Institute highlights Boulder Common’s as an important milestone for the United States because “the number of leased Net-Zero-Energy buildings lags significantly behind owner-occupied projects. Over half of commercial buildings nationally are leased, so this presents a significant impediment to meeting carbon reduction targets. Boulder Commons boasts Colorado’s first NZE lease, and the first NZE lease in the country for a project of this size, setting a new precedent for other landlords and tenants to follow.”