Contracts & Customers
SHARC Energy lands largest order ever: over $5 million from City of Surrey for sewer heat recovery
By News Desk ·
Key takeaways
- SHARC Energy received a purchase order valued at over $5 million from the City of Surrey, approximately twice the size of its previous largest order.
- The order covers three SHARC 880 systems delivering 6 MW of thermal capacity, with revenue expected in the second half of 2027 and into 2028.
- The facility is designed for phased expansion to approximately 27 MW, with any additional equipment subject to future procurement.
SHARC Energy has received a purchase order valued at over $5 million from the City of Surrey for its District Energy Sewer Heat Recovery Project, the largest order in the company's history. Stock Titan reported the order completed on October 22, 2026, following a competitive procurement process.
What the Surrey Order Covers
Sharc energy systems will supply three SHARC 880 Wastewater Energy Transfer systems delivering 6 megawatts of thermal capacity to Surrey City Energy, the City's district energy utility serving Surrey City Centre. The order is approximately twice the size of the company's previous largest order.
Revenue from the project is expected in the second half of 2027 and into 2028, based on the current project schedule. The facility will process approximately 12,000 litres of wastewater per minute and is designed for phased expansion to approximately 27 MW as district energy demand grows, with any additional equipment subject to future procurement.
The facility will recover thermal energy from a Metro Vancouver regional sewer main in Surrey's Bridgeview neighbourhood. SHARC's systems will screen the wastewater and transfer its heat to an ambient-temperature loop connecting to heat pumps at the West Village Energy Centre, approximately two kilometres away. The City expects the facility to supply more than half of Surrey City Centre's annual heating needs, reducing reliance on natural gas across a district energy network that already serves 49 buildings.
"This order is an important milestone for SHARC Energy, both in scale and in how we are developing our business," said Shane Dungey, Interim Chief Executive Officer of SHARC Energy.
Sharc Energy's Backlog and Pipeline
According to akta.pro company records, SHARC Energy reported a sales order backlog of $6.9 million as of June 1, 2026, a 102% increase since December 2025 disclosure and a 127% improvement versus full year 2025 revenue of $3.0 million. The company's sales pipeline stood at $19 million as of June 1, 2026, a 15% increase since December 2025. The Surrey order will add over $5 million to the company's Sales Order Backlog in the fourth quarter of 2026.
Leadership Changes and Earlier Orders
SHARC Energy announced an executive leadership transition in August 2026, with founder Lynn Mueller and CFO Hanspaul Pannu departing and Shane Dungey named Interim CEO, according to akta.pro company records. The company released its Q2 2026 results on August 25, 2026, reporting a sales order backlog of about $5.4 million and a sales pipeline of $17.9 million as of that date, up roughly 60% and 8% from December 1, 2025, Financial Post reported.
In May 2026, SHARC Energy received a purchase order from the National Laboratory of the Rockies for its PIRANHA wastewater heat recovery system at a Naval Postgraduate School facility in Monterey, California, GlobeNewswire reported.
Equipment Delivery Timeline
Equipment fabrication and delivery are planned for late 2027 to early 2028, followed by facility construction and commissioning under the City's project schedule. The project is supported by the Government of Canada, the Province of British Columbia, Metro Vancouver and BC Hydro.