Strategic Government Alliance to Install Up to 750 IWS Systems, Enabling Scotland to Achieve its Carbon Savings Targets by 2020
ZURICH, SWITZERLAND / ACCESSWIRE / October 14, 2016 / Today, the green energy tech company International Wastewater Systems Inc. (CSE: IWS) announced that its wholly owned subsidiary SHARC Energy Systems (UK) Ltd. will form a strategic alliance with Scottish Water Horizons Ltd., the commercial subsidiary of Scottish Water, a public water utility owned 100% by the Scottish Government.
This strategic alliance will support the Scottish Government’s ambitious renewable heat and carbon reduction targets for 2020. It is the result of 2 years of informal collaboration between SHARC Energy and Scottish Water Horizons, which has created a £20 million GBP ($32.4 million CAD) pipeline of potential installations across Scotland that when deployed would generate 170 GWHs per year of heating and cooling to displace the fossil fuel currently used.
Scottish Water Horizons has estimated that up to 750 such systems would need to be installed by 2020 to enable Scotland to achieve its carbon savings targets.
In late August 2016, IWS announced a $60 million USD joint venture with RENEW Energy Partners LLC, a US-based clean energy developer and funding company committed to finance capital expenditures for 1,000 PIRANHA systems from IWS to be installed in California. Following this announcement, IWS’ stock surged from $0.25 to $0.59 CAD and is currently trading at $0.45 CAD with a market capitalization of $40 million CAD.
With now 2 large commercial projects in the US and Scotland, up to 1,750 IWS systems could be installed over the next few years to generate revenues in excess of $110 million CAD.
Today’s announced strategic alliance, and the August announced joint venture, could become the blueprint for other renewable energy companies, funds, organizations and governments to follow the same path to reduce energy costs up to 80% for residential and industrial buildings worldwide. Such a funding and revenue sharing model is also attractive because of its longevity, typically running for more than 20 years while paypack periods for individual installments are a few years only (depending on flow rates, local electricity costs, etc. and will vary with each project).
The full report can be accessed with the following links:
Englisch (PDF):
http://rockstone-research.com/images/PDF/IWS2en.pdf
English (Webversion):
German (PDF):
http://rockstone-research.com/images/PDF/IWS2de.pdf
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Disclaimer:
Please read the full disclaimer within the full research report as a PDF as
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SOURCE: Rockstone Research
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