Xylem and Isle Utilities Partner to Help Water Utilities Pilot and Scale Innovative Water Technology
May 03, 2022
Global water technology leader, Xylem (NYSE:XYL), today announced it is sponsoring an innovative new funding mechanism for water utilities to deploy promising new technologies.
The partnership with water consultancy Isle Utilities is a new approach to funding and scaling breakthrough water technologies, called the “Trial Reservoir.” It provides water technology innovators access to capital for pilot projects, with an initial focus on technologies that reduce the carbon emissions of water systems. Technology trials and pilots are generally required in advance of full-scale implementations.
The Trial Reservoir will make a pool of funding available to early-stage technology companies, giving them the capacity to undertake trial deployments with water utilities. The ‘reservoir’ of funding will be replenished from the proceeds of commercial contracts, when the trials move to full deployments. Xylem is a foundation sponsor of the initiative along with other leading water sector partners.
“Innovation and new approaches to water management will be essential for cities and communities to solve their increasing water challenges and decrease their carbon footprint,” said Sivan Zamir, head of Xylem Innovation Labs. “This fund will help lower one of the biggest barriers to deploying and scaling breakthrough innovations: the question of who pays for the trial. The fund, itself, is an important innovation. It’s a new approach to financing that lowers the economic risk of trying new technologies that can solve communities’ water challenges.”
“Xylem’s sponsorship of the Trial Reservoir does much more than just create financial capacity for innovation in water utilities,” said Dr Piers Clark, Chairman of the Isle Group. “The Trial Reservoir brings together all the players needed to bring new technologies to market – utilities, investors, start-ups, non-profits. By removing financial uncertainty, partnerships between utilities and innovators can focus on solving a community’s water challenges and getting new water technologies proven in the marketplace.”
The Trial Reservoir is open to technology vendors around the world, actively supporting trials in high, medium and low-income countries. The only requirement is that the technology being tested must help reduce the carbon footprint of the water system, be that a municipal utility or an industrial/commercial water user.
The Trial Reservoir expects to fund its first utility pilots in the first quarter of 2022.
More News and Articles
Aug 28, 2024
News
ITpipes Secures $20M to Transform Water Infrastructure Management
ITpipes announced it has secured $20 million in equity financing from Trilogy Search Partners and Miramar Equity Partners.
Known for its trusted and user-friendly platform, ITpipes …
Aug 26, 2024
News
Professor Dr.-Ing. Dietrich Stein
With deep sadness we announce the loss of our founder and partner Prof Dr Dietrich Stein at the age of 85.
Engineers around the globe are thankful for his dedication to the inventions in the fields of sewers, …
Aug 26, 2024
News
PPI Releases New Installation Guide for PE4710 Pipe
PPI’s MAB-11-2024 Covers HDPE Water Pipelines Up to 60-in. Diameter and 10,000-ft Long Pulls
Developed by the Municipal Advisory Board (MAB) – and published with the help of the members of the …
Aug 23, 2024
News
Faster wide-scale leak detection now within reach
Mass deployment of connected leak loggers is being made possible by the latest technology, writes Tony Gwynne, global leakage solutions director, Ovarro
Water companies in England and Wales are …
Aug 21, 2024
News
Kraken awakens customer service potential in water
The innovative customer service platform Kraken has made a successful transfer from energy to water. Ahead of their presentation at UKWIR’s annual conference, Portsmouth Water chief executive …
Aug 19, 2024
News
Predicting the toxicity of chemicals with AI
Researchers at Eawag and the Swiss Data Science Center have trained AI algorithms with a comprehensive ecotoxicological dataset. Now their machine learning models can predict how toxic chemicals are …
Aug 16, 2024
News
Goodbye water loss: Trenchless pipe renewal in Brazil
Pipe renewal in Brazil
How do you stop water loss through leaks in old pipe systems without major environmental impacts and restrictions? The answer: with trenchless technology, or more precisely …
Aug 14, 2024
Article
Impact of high-temperature heat storage on groundwater
In a recently launched project, the aquatic research institute Eawag is investigating how the use of borehole thermal energy storage (BTES) affects the surrounding soil, the groundwater …
Aug 12, 2024
News
Watercare completes East Coast Bays sewer link
Watercare has successfully finished the final connection on the East Coast Bays link sewer at Windsor Park in New Zealand.
Much of the East Coast Bays sewer link was installed using horizontal directional …
Aug 09, 2024
Article
Innovative water solutions for sustainable cities
Cities need to become more sustainable and use their water resources more efficiently. Managing water in local small-scale cycles is one possible solution. A new white paper by Eawag, the University …
Aug 07, 2024
Article
How digital technologies contribute to universal drinking water
Digital water technologies have an important role in ensuring universal access to safe drinking water by 2030, that is according to a new report from the World Health Organisation. …
Aug 05, 2024
News
Knowledge transfer on sustainable water infrastructure in India
India’s fast-growing cities need an efficient infrastructure for water supply and wastewater disposal. A research cooperation, is therefore supporting the development of a sustainable …
Contact
Isle Utilities
89 Albert Embankment
SE1 7TP London
United Kingdom
Phone:
+44 7854 189 458