Sharc energy systems
SHARC Energy Systems designs and sells wastewater energy transfer systems that recover heat from sewage for building heating, cooling, and hot water, serving developers, utilities, municipalities, and building owners across North America via SHARC, PIRANHA, and BFO product lines.
- Company typePublic
- Founded2014
- HeadquartersPort Coquitlam, Canada
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Sharc energy systems does
SHARC Energy Systems (legal entity: SHARC International Systems Inc.) is a Canadian publicly traded company that designs, manufactures, and sells wastewater energy transfer (WET) systems used to recover thermal energy from sewage for building heating, cooling, and domestic hot water. Founded in 2010 and headquartered in Port Coquitlam, British Columbia, the company trades on the CSE (SHRC), OTCQB (INTWF), and Frankfurt Stock Exchange (IWIA) and operates with 11-50 employees. Its product portfolio comprises two core lines: the SHARC Series, an industrial-grade passive filtration and heat exchange system for district energy and thermal energy networks (including the SHARC 660 and SHARC 880 models); and the PIRANHA Series, an active wastewater-source heat pump for multifamily residential and light commercial buildings that requires no pre-filtration and offers simultaneous heating and cooling variants. A third product category, the Back-Flush Only (BFO) system, was commercially launched in March 2026 targeting data centers, wastewater treatment plant discharge, and hydronic HVAC applications. Differentiated features include patented high-volume filtration with no pre-screening, COP of 3-4 year-round regardless of ambient conditions, NSF-372 potable water compliance, and a WET+Geo hybrid that reduces geothermal borehole requirements by up to 45%. The largest installed reference is the False Creek NEU in Vancouver, expanded to 5x SHARC 880 units (9.8 MW) in July 2024.
SHARC's business model centers on equipment sales of the SHARC and PIRANHA product lines, supplemented by technical training through the SHARC Training Academy (CE-accredited courses) and an Energy as a Service (EaaS) offering that enables zero-upfront-cost deployment of WET-plus-geothermal systems for projects over 100,000 sq ft. The company sells through direct enterprise field sales targeting developers, building owners, municipalities, and utilities, supported by regional channel partners including Hatch Company (Alberta), HTS Ontario, and CHRC Hydro (California). Customers span district energy utilities (False Creek, City of Vancouver; National Western Center in Denver), life sciences campuses (Alexandria Real Estate Equities in Seattle), multi-family residential developers (Musqueam Capital's leləm̓ Village, L+M Development Partners' Alafia in Brooklyn, Sustainable Living Innovations' 303 Battery in Seattle), water utilities (DC Water), and hospitality (Atlific Hotels/Lake Louise Inn). Reported revenue was $3.04M CAD in 2025 (up from $2.17M in 2024) against gross margins of approximately 31.5% and annual operating losses near $3M, with a $6.9M sales order backlog and $19M pipeline as of June 2026.
An August 2026 executive leadership transition replaced founder-CEO Lynn Mueller and CFO Hanspaul Pannu with Shane Dungey as Interim CEO, Fred Andriano as Interim CFO, and Michael Albertson as President. The company has raised approximately $6.1M CAD in cumulative convertible debenture financing between mid-2024 and 2026 to fund working capital and project execution.
Sharc energy systems firmographics
Firmographics- Name
- Sharc energy systems
- Legal name
- SHARC International Systems Inc.
- Website
- https://sharcenergy.com
- Company type
- Public
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SHARC Energy Systems designs and sells wastewater energy transfer systems that recover heat from sewage for building heating, cooling, and hot water, serving developers, utilities, municipalities, and building owners across North America via SHARC, PIRANHA, and BFO product lines.
- Ownership category
- akta.pro rank
Sharc energy systems industry classification
Industry- Product category
- Wastewater Energy Transfer Systems
- NAICS
- Steam and Air-Conditioning Supply (221330), Steam and Air-Conditioning Supply (22133)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Waste-to-Energy CHP (Municipal/Industrial Waste Incineration) (EUACAKAC)
- akta.pro secondary industries
- Heat Recovery & Thermal Integration for Biomass Plants (Economizers, ORC, Heat Exchangers) (EUAAAGAL), Repowering, Augmentation & Retrofit Integration (Capacity Expansion) (EUAEAEAL)
Keywords
Where Sharc energy systems is headquartered
LocationHeadquarters
- HQ city
- Port Coquitlam
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Sharc energy systems business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales
Revenue model
- Equipment Sales — SHARC Series: Sale of SHARC 660 and SHARC 880 wastewater energy transfer systems for large-scale district energy, multifamily residential (350+ units), commercial, and industrial applications. Revenue recognized as equipment is delivered and projects are commissioned. Equipment orders represent the primary revenue stream, with Q3 2025 seeing approximately $3.7M in equipment orders.
- Equipment Sales — PIRANHA Series: Sale of PIRANHA T5, T10, T15 and HC (heating + cooling) heat recovery systems for multifamily residential (50-350 units), hospitality, and light commercial applications. Multiple units can be installed in parallel for larger projects. NSF-372 certified for potable water applications.
- Energy as a Service (EaaS): Utility model allowing developers to install complete WET and geothermal exchange systems with zero upfront capital costs. Service providers shoulder upfront capital costs; building owners pay a fixed monthly fee. Covers design, build, own, operate, and maintain with warranty throughout contract duration.
- Technical Training: SHARC Training Academy provides accredited continuing education (CE) hours through on-demand courses (CE.sharcenergy.com), local or virtual training sessions, and technical newsletters. Training covers incorporating wastewater energy into sustainable building projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | SHARC Series — large-scale industrial wastewater energy transfer systems |
| Unit Pricing | Multi-year contract | PIRANHA Series — multifamily residential and light commercial heat pumps |
| Subscription | Monthly | Energy as a Service — zero capital cost model for 100,000+ sq ft projects in North America |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels8 records
Sharc energy systems product offering
Product offeringCore offering
SHARC Energy Systems manufactures and sells proprietary wastewater energy transfer (WET) hardware systems — the SHARC Series for large-scale district energy and thermal energy networks and the PIRANHA Series for multifamily residential and light commercial applications — that recover thermal energy from wastewater to provide building heating, cooling, and domestic hot water. The company also offers an Energy as a Service (EaaS) financing model and a technical training academy, targeting developers, building owners, municipalities, and utilities across North America.
Product overview
SHARC Energy Systems offers a portfolio of wastewater energy transfer (WET) hardware products and related services. The core product families are the SHARC Series (industrial-grade, high-volume wastewater filtration and thermal exchange for district energy and large-scale applications) and the PIRANHA Series (specialized wastewater-source heat pumps for multifamily residential and commercial buildings requiring no filtration). The recently launched Back-Flush Only (BFO) system targets applications with cleaner effluent streams. Supporting services include Energy as a Service (EaaS) financing model and technical training programs. All products recover thermal energy from wastewater to provide building heating, cooling, and domestic hot water.
Differentiator
Problem solved
Functional benefit
Brands
- SHARC Series: Industrial-grade wastewater energy transfer and filtration system for high-volume applications including District Energy/TENs.
- PIRANHA Series
- BFO (Back-Flush Only) System
Products and services
- SHARC Series Industrial-grade wastewater energy transfer and filtration system for high-volume applications including District Energy and Thermal Energy Networks (TENs). Features patented high-volume filtration requiring no pre-screening, efficient thermal transfer for building heating, cooling, and domestic hot water production at large scales.
- PIRANHA Series Highly specialized wastewater-source heat pump for heating and cooling that requires no filtration. Optimized for multifamily residential (50-350 units) and mixed commercial applications, providing simultaneous domestic hot water production and space conditioning. NSF-372 certified for potable water applications. COP of 3-4 consistently year-round.
- Back-Flush Only (BFO) System Passive thermal energy transfer solution designed for applications with non-solids or minimal solids effluent streams, including wastewater treatment plant discharge, data centers, and hydronic HVAC systems.
- Energy as a Service (EaaS) Utility model allowing developers to install complete wastewater energy transfer and geothermal exchange systems with zero upfront capital costs. Service providers shoulder upfront capital costs while building owners pay a fixed monthly fee. Covers design, build, own, operate, and maintain with warranty throughout contract duration. Available for 100,000+ sq ft projects in North America.
- Wastewater Energy Technical Training SHARC Training Academy providing accredited Continuing Education (CE) hours through on-demand courses (CE.sharcenergy.com), local or virtual training sessions, and technical newsletters. Training covers how to use thermal energy from wastewater for building heating and cooling, including advanced scenarios like District Energy/TENs and geothermal exchange.
Quantifiable outcome
- DC Water saves over 1.5 million gallons of water annually using SHARC 660 WET system
- +8 more outcomes
Companies that use Sharc energy systems
Customer profileNamed customers11 records
Segments6 records
Ideal customer profiles5 records
Sharc energy systems technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Sharc energy systems partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, minor and flagship.
- Hatch CompanycoreHatch Company is SHARC Energy's representative for Alberta and partnered to deploy WET systems across the province. At ECO IMPACT 2026 (Gold Power Sponsor), Hatch and SHARC combined SHARC's clean energy technology with Hatch's mechanical HVAC/R expertise to deliver low-carbon building solutions.
- CHC Hydro (California)minorCHC Hydro placed a purchase order for four PIRANHA T15 WET systems for a 26-story mixed-use development in downtown California — the first California installation for PIRANHA, representing geographic expansion into a new market.
- Electrical Testing Laboratory (ETL)coreETL certified the PIRANHA WET system in compliance with CSA/UL Standards 60335-2-40 and NSF 5, enabling broader North American market access and meeting regulatory requirements for electrical safety and potable water applications.
- HTS OntariocoreHTS Ontario (HTS No. 7 Inc.) supplied two PIRANHA T15 WET systems, representing the tip of a growing pipeline of sales opportunities in Ontario. HTS is a professional HVAC/R sales organization representing SHARC Energy products.
- King County (Washington)flagshipKing County's groundbreaking public-private legislation enables commercial interest in sewer heat recovery. King County collaborated with Alexandria Real Estate Equities and SHARC Energy on the 1.6M sq ft Alexandria Center for Life Science project, capturing heat from a county sewer pipe. This pioneering initiative showcases how public-private partnerships can significantly reduce greenhouse gas emissions.
- Alexandria Real Estate Equities, Inc. (ARE)flagshipARE partnered with King County and SHARC Energy to pioneer wastewater heat recovery at the 1.6M sq ft Alexandria Center for Life Science in Seattle. The project is projected to reduce carbon emissions by 99% compared to conventional energy sources, with 70% of campus building heat provided from city sewer wastewater. Estimated commissioning 2025.
- McKinstrycoreMcKinstry is the key contractor and engineer for the Alexandria Center for Life Science project, bringing expertise in designing and building high-performance facilities. McKinstry has Inflation Reduction Act resources available for projects, contributing to the project's success in an urban landscape.
- L+M Development Partners / Dattner Architects / SCAPE / ConEdison (Alafia)flagshipAlafia project in Brooklyn (part of NY's $1.4B Vital Brooklyn Initiative) involves L+M Development Partners, Apex, RiseBoro, S:US as developers, Dattner Architects and SCAPE Landscape Architecture for design, and ConEdison as electric utility. SHARC 660 and 2x PIRANHA T15HC installed as part of Passive House-certified affordable housing development. Supported by NYSERDA's Empire Building Challenge.
- Musqueam Capital CorporationflagshipMusqueam Capital Corporation developed leləm̓ Village, a 21.44-acre masterplanned community in Vancouver where SHARC 660 powers a district energy loop serving 1,250 homes. The project won 2024 Clean50 Project of the Year and 2024 Land Awards Real Estate. 80% of thermal energy needs met by WET system at $0.05/kWh.
- City of Vancouver (False Creek NEU)flagshipCity of Vancouver established False Creek Neighbourhood Energy Utility in 2010 and expanded to become the largest wastewater energy system in North America with 5x SHARC 880 units (9.8 MW). NEU aims to achieve 100% renewable energy by 2030 and serve ~23M ft² of development.
- Sustainable Living Innovations (SLI)coreSLI is the innovative company behind 303 Battery Street, Seattle's greenest apartment tower, which achieved Zero Net Energy certification. SLI integrated PIRANHA T15 for domestic hot water production, achieving 20.8 metric t CO2e/year reduction and 44% energy reduction vs. baseline electricity.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Sharc energy systems competitors and assessment
Company assessmentDirect peers
- ClearBlu Environmental: Direct competitor focused on wastewater heat recovery and thermal energy capture for buildings and district systems. Highly comparable product/category overlap with SHARC's WET systems in the same North American market.
- Noventa Energy Partners: Wastewater heat recovery technology provider serving multifamily residential and commercial buildings. Direct product overlap with PIRANHA Series and similar Energy-as-a-Service financing model.
- Enwave Energy Corporation: Canadian district energy operator with deepwell lake cooling and steam networks in Toronto and other cities. Comparable to SHARC in supplying thermal energy through centralized distribution systems, including thermal-energy-network business model.
Broad incumbents
- ENGIE: Global energy services and district heating/cooling operator with decarbonization focus and large North American footprint. Competes for the same decarbonization of building thermal energy mandates that drive SHARC's addressable market.
- Carrier Global: Global HVAC and commercial refrigeration major offering heat pump and thermal management solutions at scale. Indirectly competes for the same building decarbonization and electrification projects SHARC targets with its PIRANHA heat pumps.
- Veolia Water Technologies: Global water and wastewater infrastructure major with emerging interest in energy recovery from wastewater streams. Broad incumbent with much larger balance sheet and existing municipal customer relationships that overlap with SHARC's district energy targets.
- FortisBC Energy: British Columbia natural gas and district energy utility that has funded SHARC deployments through its Capital Incentive Program. As a utility operator, competes with thermal-energy-network solutions and influences the regulatory framework for SHARC's projects in BC.
Emerging players
- Symbiont Energy: Emerging wastewater-energy and resource-recovery company with overlap in industrial wastewater heat and resource recovery. Comparable in target applications and emerging commercialization stage.
- International Wastewater Solutions (IWS): Wastewater heat pump technology provider focused on decentralized water-heating applications. Emerging peer with comparable product line addressing similar multifamily and light-commercial customer segments.
Others
- McKinstry: Design, build, and operate firm that is a key implementation partner for SHARC's Alexandria Center project. Functions as an ecosystem participant — channel through which SHARC's technology reaches large commercial customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Sharc energy systems social profiles
Digital presenceSharc energy systems compliance and trust
Trust signalCompliance3 records
Sharc energy systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sharc energy systems leadership team
Management profileNumber of profiles
Profiles4 records
Sharc energy systems funding detail
Funding detailFunding overview
Funding rounds4 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sharc energy systems M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sharc energy systems
What does Sharc energy systems do?
SHARC Energy Systems manufactures and sells proprietary wastewater energy transfer (WET) hardware systems — the SHARC Series for large-scale district energy and thermal energy networks and the PIRANHA Series for multifamily residential and light commercial applications — that recover thermal energy from wastewater to provide building heating, cooling, and domestic hot water. The company also offers an Energy as a Service (EaaS) financing model and a technical training academy, targeting developers, building owners, municipalities, and utilities across North America.
Is Sharc energy systems a public or private company?
Sharc energy systems is a public company. It is classified as public and is currently operating.
When was Sharc energy systems founded?
Sharc energy systems was founded in 2014. It employs 11 to 50 people.
Where is Sharc energy systems based?
Sharc energy systems is headquartered in Port Coquitlam, Canada, in the North America region.
How does Sharc energy systems make money?
Four revenue lines are on record. Equipment Sales — SHARC Series are the primary driver. The others are equipment Sales — PIRANHA Series, energy as a Service (EaaS) and technical Training.
Who are Sharc energy systems's main competitors?
Direct peers on record are ClearBlu Environmental, Noventa Energy Partners and Enwave Energy Corporation. Broad incumbents are ENGIE, Carrier Global, Veolia Water Technologies and FortisBC Energy. Emerging players are Symbiont Energy and International Wastewater Solutions (IWS). McKinstry is listed as an others.
Does Sharc energy systems have an API?
No public API is recorded for Sharc energy systems.
What industry is Sharc energy systems in?
Sharc energy systems's product category is Wastewater Energy Transfer Systems. Its primary akta.pro industry code is EUACAKAC, Waste-to-Energy CHP (Municipal/Industrial Waste Incineration), with a secondary code of EUAAAGAL, Heat Recovery & Thermal Integration for Biomass Plants (Economizers, ORC, Heat Exchangers). Its NAICS code is 221330 and its SIC code is 4991.