SHARC International Systems Inc. and Subterra Capital Partners Inc. (Subterra Renewables) announced a strategic partnership to revolutionize the renewable thermal energy transfer landscape across North America. By combining SHARC Energy's innovative WET technology with Subterra's geothermal exchange systems (Systems), the partnership aims to bring unparalleled solutions to the market, capturing a greater share for both companies. Aura's proprietary EaaS model offers clients sustainable heating, cooling, and domestic hot water solutions, without the upfront capital investment.

The model includes a pricing guarantee, ensuring that clients will experience cost savings in comparison to conventional systems while enjoying the benefits of renewable thermal energy over the 25 to 50 year term of their fixed price service contract. At the end of the term of the contract, ownership of the Systems will convert to the customer. Under the five-year term of the agreement, SHARC Energy and Subterra Renewables will co-develop up to $200 million of qualified projects that consist of either the acquisition of existing Systems active in the field or the development of Systems requiring capital to design, build, own, operate and maintain.

SHARC Energy will be responsible for business development, client engagement and securing letters of intent on a first right of refusal basis while Subterra, with over 25 years of experience and 60+ drills in its fleet, will provide support in project management, engineering, finance, accounting, legal, and asset management, leveraging their expertise in delivering turnkey solutions for heating, cooling, and domestic Hot water. Upon completion of the deployment of $200 million or expiration of the term, Subterra will receive a first right of refusal on any similar relationship for one year. Key benefits of this collaboration include: Reded costs for geothermal projects by integrating wastewater eney, resulting in fewer boreholes needed a and a smaller project footprint; Optimized performance of geothermal loops through wastewater energy's thermal buffering capabilities, stabilizing peak temperatures and enhancing energy efficiency & resiliency; Streamlined project execution by combining SHARC Energy's WET technology and Subterra's extensive geothermal experience, ensuring seamless integration of both systems; Both partners, although engineer agnostic, leverage Salas O'Brien for support creating design synergy for the Systems implemented is collalaboration will strengthen SHARC Energy's and Subtea Renewables' market position, making it t a viable solution for developers, investors, and governments seeking to invest in sustainable energy infrastructure.