GlobeNewswire, Nasdaq
Summary
VANCOUVER, British Columbia, Sept. 25, 2018 (GLOBE NEWSWIRE) -- Sharc International Systems Inc. (CSE:SHRC) (FSE: IWIA) (OTCQB:INTWF) ("SHARC" or "the Company") is pleased to announce that the Company's UK subsidiary SHARC Energy Systems ("SHARC Energy"), has started construction work at Clyde Gateway in an important step forward for SHARC Energy, to demonstrate the use of its technology as a green solution that could help meet the growing appetite for district heating in the UK.
The UK renewable energy firm will use its innovative wastewater heat recovery technology to generate the heating and cooling services for the site, in Glasgow, providing an initial 2MW of capacity, with room to expand further as the development grows.
In addition, SHARC™ system will be integrating Solar PV, Battery Storage, Micro CHP and thermal stores to the project to help reduce the system's reliance on grid electricity and demonstrate how by integrating technologies, heat pump systems can be an efficient alternative to the traditional combustion-based heating model currently in use.
While SHARC'S system uses electricity to operate and generate heat, its idea to integrate on-site power generation means the system will also create its own electricity. This means it is able to sell any surplus back to the grid. Also, by integrating battery and thermal storage technologies on site, SHARC Energy will be able to avoid buying grid electricity during peak periods, when the price is highest.
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#News#UnitedKingdom#DistrictHeating#Wastewater