International Wastewater (IWS:CSE) Announces Grants of £4.95 Million
International Wastewater Announces Grants of £4.95 Million From the “Low Carbon Infrastructure Transition Programme” (Management by the Scottish Government)
Momentum Public Relations
Press Release: May 10, 2017
International Wastewater Systems Inc (CSE:IWS)(CSE:IWS.CN)(FRANKFURT:IWI)(OTC PINK:INTWF) (“IWS” or the “Company”) is pleased to advise that IWS’s wholly owned UK subsidiary, SHARC Energy Systems, has been awarded grant support to facilitate the installation of SHARC wastewater heat recovery systems at five locations across Scotland totaling £9.8 million.
Funding from the Low Carbon Infrastructure Transition Programme (LCITP) – managed through the Scottish Government – has been granted to enable the development of five new projects that will play a pioneering role in transforming heating systems at various commercial and local authority sites.
CEO Lynn Mueller states that “the contracts being awarded today by the Scottish Government provide the Company with first 5 of the 750 sites identified for conversion in Scotland, these are the culmination of over two years of hard work by the Company and its employees. This announcement is the game changer which the Company has been waiting for.”
SHARC’s innovative technology enable the sewers’ wastewater to be used to generate renewable heat. This, in turn, produces significant savings in energy and reductions in carbon emissions, and at the same time reduces the overall costs of supplying energy. These Scottish installations acknowledge IWS’s cornerstone technology by demonstrating how the IWS unique technology can provide energy and costs saving solutions which can be deployed across a wide range of geographies to support both corporate and residential customers, as well as a platform for wide scale low carbon district heating.
Under the plans, SHARC’s ‘heat-from-wastewater’ technology is earmarked to heat Kelvingrove Museum in Glasgow, a leisure centre and public library in Campeltown, a leisure centre in Orkney and a new district heating scheme at the Clyde Gateway regeneration project in Glasgow. The LCITP funding is being matched by commercial finance that will facilitate the required capital investment to establish local energy centres that will generate their income from sales of heat to the customers involved.
Scottish Water Horizons and SHARC Energy Systems have been collaborating over the last three years to promote the adoption of sewage heat recovery in Scotland, and last year announced their intentions to form a strategic alliance, and both parties see the LCITP announcement as playing a key role in building on their work to use Scotland’s water resources to help generate renewable energy.
Already deployed in North America and Europe, the SHARC technology works by using a heat pump to amplify the warmth of waste water in sewers – such as from showers, dishwashers and washing machines. This generates an energy-saving, cost-effective and environmentally friendly system for heating, cooling and hot water production in commercial premises and homes – as opposed to the use of traditional fossil fuels such as gas boilers.
Paul Kerr, recently appointed Head of Scottish Water Horizons, said: “We are delighted that funding has been awarded to enable the acceleration of this innovative technology at key locations across Scotland.
“Beneath our streets there is an alternative energy source that so far has been ignored. The potential benefits of this technology in further developing ways to reduce energy costs, cut carbon emissions and protect the environment for businesses and public organizations cannot be understated.
“With 32,000 miles of sewers pipes across Scotland and Scottish Water treating more than 900 million litres of waste water every year, the opportunities presented from this technology are clear to see.
“Using the sewer network to transfer heat means that the heat source can be used to supply heat to the customer as close as possible to the customer’s premises. This minimizes the cost and disruption of installing new heat pipes in the street.
“Our alliance with SHARC Energy Systems is helping to deploy this proven technology on a wider scale, providing an innovative lower cost heating solution which will help to contribute to a sustainable circular economy, tackle the threat posed by climate change and provide additional employment within local areas.”
The new projects in the pipeline are:
Bandwidth Project:
Three heat from sewage schemes have been aggregated into one proposal – with a total investment of £3.8m – known as the Bandwidth project. The project is planned to deliver sustainable heat to the Aqualibrium Leisure Centre and Public Library at Campbeltown, the Pickaquoy Leisure Centre at Kirkwall and the Kelvingrove Museum in Glasgow. SHARC Energy are working through the final design details that will enable the schemes to be spade ready later this year and facilitate construction over the next twelve months, creating cost and carbon benefits to the Local Authorities involved.
Clyde Gateway project
Clyde Gateway and its partners, including SHARC Energy Systems, have developed a plan to support a low carbon heating and cooling network for Magenta at Clyde Gateway, which will see 1.2 million square feet of commercial space across 27 acres within the satellite business district of Shawfield with a total investment of £6.0m.
Russ Burton, COO of International Wastewater Systems, said: “The announcement by the LCITP today is a significant step for the business and a resounding endorsement of the passion and dedication by the SHARC team in developing solutions that meet customer requirements and build on the company’s values.
“We have been working tirelessly over the last three years to support the Scottish Government’s ambitions for decarbonizing heating systems. With the support of Scottish Water Horizons and the Local Authorities involved in these schemes, we are delighted to be a part of this low carbon revolution and are looking forward to being able to make further announcements about our long-term role in the Scottish economy over the next few months.”
Work to bring the projects to construction ready status is well advanced and on target to meet the LCITP’s qualifying completion date of September 2018 to qualify for the grant.
The go-ahead for the projects follows the launch of the UK’s first SHARC energy recovery system at Scottish Borders College at its campus in Galashiels. The process — which has seen the heat produced being sold to Scottish Borders College under a 20-year purchase agreement — now provides the majority of the heat and hot water needed by the campus and has helped to save 150 tonnes of carbon emissions per year.
The collaboration between Scottish Water Horizons and SHARC Energy Systems has identified a £20m pipeline of potential installations across Scotland that when deployed would generate 170 GWHs (Giga Watt Hours – 1 GWH would power one million homes for one hour) per year of heating and cooling to displace the fossil fuel currently used.
The Company would also like to announce the granting of 4,000,000 two year stock options priced at $0.265 to management.
About International Wastewater Systems Inc. (CSE:IWS)(FRANKFURT:IWI)(OTC PINK:INTWF)
International Wastewater Systems Inc. is a world leader in thermal heat recovery. Through the development of its SHARC line of equipment for large applications, and its PIRANHA line of equipment for smaller applications, the Company can engineer energy saving solutions for most multi-residential complexes, as well as reduce energy costs as well as the carbon footprint for a variety of industries. Sewage that runs through municipal pipe networks is 98{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} composed of water and has a temperature of about 21 to 22 degrees Centigrade. A US Department of Energy study found that 400 billion kilowatt-hours of energy, or $40 billion worth of power, is lost through the draining of sewage each year in the US alone. The objective of IWS is to obtain a 5-10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} share of this potential within the next five years.
About Scottish Water Horizons Ltd
Scottish Water Horizons Ltd is a commercial subsidiary wholly owned by Scottish Water. The company plays a key role in supporting the development of Scotland’s sustainable and circular economy by making the most of the public utility’s vast array of assets.
From generating renewable energy from waste, wind and solar power to recycling food and aggregates waste, Scottish Water Horizons is improving connections, communications and enabling sustainable development.
The company’s growth strategy is to support Scotland as a developing Hydro Nation and take opportunities to harness Scottish Water’s asset base through both its own development and working in partnership with other organizations including the public and private sectors.
For more information, please visit our website: www.sewageheatrecovery.com
- Published in Green Technology, International Wastewater Systems, News Home, Technology
International Wastewater Systems’ order book hits $80 million for energy-saving technology
International Wastewater Systems’ order book hits $80 million for energy-saving technology
Have you ever thought about the wasted energy that literally goes down the drain every time you use warm/hot water? Well Lynn Mueller has. And now his recently public company, International Wastewater Systems Ltd. (CNSX:IWS) has in the neighbourhood of $80 million in orders from customers around the world for his innovative energy saving technology.
Mueller was previously a farmer who also ran one of the world’s leading manufacturers of thermal heat pumps called Water Furnace. As a result of the experience of moving heat from A to B, he conceived of and invented the two models of thermal heat capture systems that are the company’s products.
The Sharc and the Pirranah systems capture heat energy in sewage and wastewater and return it to any building’s hot water systems for significant savings. How significant?
According to Mueller, “we recover the energy at an efficiency of about 400 to 500 per cent, so for every dollar it costs to run a Shark or a Piranha unit, we recover $4 to $5 worth of energy, and it’s just in the same form.”
IWS’s systems are currently installed and running in everything from a University of British Columbia residential building to a Camden, N.J., wastewater treatment plant. Additional industrial-scale installations are planned for the city of Fier, Albania, and the Australian Wool Testing Authority. The largest Sharc installation is at Borders College in Scotland, serving a student population of 4,500.
The Fier installation will capture heat from the city’s sewage treatment facility and redistribute it to homes throughout the city in a model the company refers to as “district heating.” The plant will extract heat energy from an estimated 30 million litres of sewage per day. Albania currently loses an estimated 160 – 200 million euros per year on its energy program according to World Bank figures, so the motivation to expedite the project is somewhat acute.
That project represents a novel and lucrative business model for IWS with a recurring revenue source. In both Albania and the United Kingdom, subsidies and investment by government are expected to substantially improve the economic viability of installing Sharc systems in institutional and commercial buildings.
The installation at Borders College, for example, was financed with a 4-million pound investment from Equitix and the U.K. Green Investment Bank, an entity created by the U.K. government. The mandate of the U.K. Green Investment Bank is to spearhead the investment of 330 billion euros into the “greening” of the U.K. economy by 2020. Their stated focus is primarily on energy efficiency, waste and bio energy. With the Scottish project, other municipalities throughout the U.K. will have a running demonstration site to enhance understanding of the process.
The Camden, N.J., project was almost completely financed by a clean energy grant, leaving the county to come up with only US$100,000 of the US$1.1-million cost.
International Wastewater Systems constitutes an early development stage opportunity for investors seeking exposure to the developed world’s push to improve energy efficiency wherever possible.
CNN Coverage
Even CNN deemed the company newsworthy, and published coverage of IWS on the network’s financial channel at CNNMoney.com on May 24. “We quickly went from being a local, small company to a worldwide operation. We’ve seen markets around the world demanding the product,” Mueller told CNN reporter Jackie Wattles.
The company anticipates raising capital soon to finance production of more Sharc and Piranha systems to fulfill its backlog of orders.
James West is an investor and the author of the Midas Letter, an investing research report focused on Canadian markets. The views expressed here are his own and are presented for general informational purposes only — they should not be construed as advice to invest in any securities mentioned.
James West and/or associated funds do not own shares in any securities mentioned in this article. For the full Midas Letter disclosure policy, click here. Postmedia and Midas Letter have a revenue sharing arrangement.
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- Published in Blog, Green Technology, International Wastewater Systems, Technology
IWS Featured on Cable Television
IWS Featured on Cable Television
– Momentum Public Relations – June 14th, 2016
International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE:IWS)(FRANKFURT:IWI) is pleased to announce that the Company was selected to be featured in a television commercial that will air on Canadian cable television channels and online properties.
The commercial will be broadcast in Canada on the Business News Network (BNN) and on CBC’s Documentary Channel, as well as online via Thomson Reuters, Stockhouse and Business TV (B-TV).
The commercial includes a 90-second IWS feature with CEO Lynn Mueller, as well as a 15-second clip that will air on Business News Network starting today and through the end of this month. A link to the condensed clip can be viewed here: http://www.b-tv.com/intl-wastewater-commercial/
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. (CSE:IWS)(FRANKFURT:IWI) is a world leader in wastewater heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings.
- Published in Blog, Energy, Green Technology, International Wastewater Systems, News Home, Technology
International Wastewater Systems (IWS:CSE)(IWI:FSE) Featured by CNNMoney
IWS Featured by CNN
– Momentum Public Relations – April 15th, 2016
International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE:IWS)(FRANKFURT:IWI) is pleased to announce that CEO Lynn Mueller was featured by CNN in an interview with reporter Jacqueline Wattles from CNNMoney.
The audio interview with CNN includes an in depth discussion of IWS’s wastewater heat exchange technology that provides up to 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of a building’s heating and hot water requirements, using an inexhaustible renewable energy source: wastewater.
The interview will be available on CNNMoney during April 2016 and IWS will provide an update once the interview is accessible on the CNN website.
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. (CSE:IWS)(FRANKFURT:IWI) is a world leader in wastewater heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings.
- Published in Blog, Green Technology, International Wastewater Systems, News Home
International Wastewater Systems (IWS:CSE) Announces Australian Project
IWS Announces Australian Project
– Momentum Public Relations – March 16, 2016
International Wastewater Systems Inc. (“IWS” or the “Company”) (IWS:CSE)(FRANKFURT:IWI) is pleased to announce its inaugural project in Australasia, a SHARC wastewater heat recovery system (“SHARC”) to be installed at a facility operated by the Australian Wool Testing Authority (“AWTA”) in Melbourne.
AWTA is the largest wool testing organization in the world and utilizes significant amounts of hot water at its testing facilities. Once testing is complete, thousands of liters of hot water are diverted to cooling tanks before being sent to the sewer system.
The SHARC will intercept the water being discarded from AWTA tests, capture the heat and then transfer the heat back into the boiler system. This will offset a significant amount of natural gas currently being used by ATWA’s boilers. The SHARC system at the ATWA facility is expected to produce approximately 680 kW/h of heat, reducing ATWA’s energy costs by up to 80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} for the same application and reducing carbon emissions by approximately 600,000 kilograms annually.
The SHARC installation for ATWA is being led by Environmental Technology Solutions of Australia, a leading provider of energy efficiency and sustainability solutions with offices in Canberra and Melbourne. The SHARC is expected to be installed during the second quarter of 2016 with a value of approximately CDN $300,000.
This will be the third installation of IWS technology at an industrial facility following installations at the Sechelt Water Resource Centre in Canada and the Camden County Wastewater Treatment Plant in the United States.
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. (IWS:CSE)(FRANKFURT:IWI) is a world leader in wastewater heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings.
- Published in Green Technology, International Wastewater Systems, News Home, Technology