An Expanding Market
As the global challenge of resource scarcity expands, the market opportunity grows alongside it. Goldman Sachs has estimated a global market for water provision alone of $400 billion – 700 billion and is expected to double during the next decade.
Clean energy investment has climbed $35 billion to more than $150 billion in four years. U.S. mayors recently requested $19 billon to repair water infrastructure assets.
At present, U.S. utilities rely on an estimated 150 million power & electricity meters, and are eagerly adopting smart meter technology. In 25 years, the U.S. will consume $29 trillion and a fifth of its fossil-fuel energy unless it can curtail its rising thirst for water and electricity.
We believe the convergence of a growing demand with increasing scarcity will drive the rapid adoption of our approach & solutions.