Kristen Villebrun and Wendy Bush hoped they wouldn't have to pray for Chedoke Creek, but four years after they first raised alarm about the water's condition, they were part of an Indigenous full moon ceremony to do just that. About 50 people showed up near Princess Point on the dark and frigid Monday evening for the monthly ceremony, which was particularly special as it focused on Chedoke Creek. The body of water that runs into Cootes Paradise had about 24 billion litres of sewage and storm water runoff leak into it due to a gate being left open.
Fortune Business Insights recently valued the global water and wastewater treatment market at US$301 million in 2022. The same report forecasts that this market will deliver a compound annual growth rate (CAGR) of 7.5% from 2022 through to 2030, capping the market value out at US$536 billion. This is a market that is well worth seeking exposure to.
The Corporation was awarded two First Nations projects in Northern Alberta, Canada. The first contract involves a drinking water rental system to provide water for the community of Garden River while the full-scale drinking water project is being completed. The other project is for an emergency expansion of the John D’Or drinking water plant to accommodate the needs of communities that have been displaced by the recent wildfires. “It is essential that our Indigenous communities have access to reliable drinking water and wastewater treatment equipment. Our service team has prioritized the rapid deployment in support of Indigenous Services Canada and the local communities,” stated Frédéric Dugré, President, Chief Executive Officer and co-Founder of H2O Innovation. This project has already commenced and is expected to be completed in July 2023.
The water Bump used to make Revival came from the northwestern edge of Los Angeles, where the Las Virgenes Municipal Water District recently opened a small demo facility as a showcase for the public to learn about potable reuse. Las Virgenes depends entirely on water from the California State Water Project, a 700-mile system of canals, dams and pumps that transports fresh water from the northern part of the state. After that water passes through toilets and drains in the district, it goes to a traditional waste treatment plant; from there, it’s either discharged into a local creek (and eventually into the Pacific Ocean) or sent through specially designated purple pipes to irrigate parks and golf courses. Three years ago, Las Virgenes began piping a small fraction of the plant’s outflow — about 1 million gallons a day — into the demo facility, where it is put through the additional steps of ultrafiltration (UF), reverse osmosis (RO) and an ultraviolet-advanced oxidation process (UV AOP) to be brought up to state’s standards for recycled drinking water. Each step in this alphabet soup of water tech removes increasingly small contaminants, from bacteria to viruses to salts and hormones.
H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce that its Water Technologies & Services (WTS) business line has recently been awarded five new water and wastewater treatment projects, including four industrial projects. These new contracts, with a total value of $5.5 M, increase the WTS backlog to $54.8 M. The first recent award is with a data center management customer that the Corporation is currently engaged with on existing projects. This repeat customer is located in the Northwest region of the US. The project includes a 2.0 MGD (7,500 m3/day) treatment system with two primary ultrafiltration (UF) trains and one secondary UF train for the treatment of backwash wastewater, which will allow for an exceptionally high recovery of greater than 98%. This new equipment is in line with the customer’s objective to reduce its water footprint and thus become more water positive (Source: IDA). This project is expected to be completed over the next 12 months.
H2O Innovation (“H2O Innovation” or the “Corporation”) has collaborated with National Bank of Canada to develop a sustainable financing solution to fund the Corporation’s continued growth in water technology manufacturing and services by structuring its first Blue Loan. In addition, the Corporation increased its revolving credit facility by $10 M. The credit facility now stands at $65 M.
H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce that it has recently won a water reuse project in California, two First Nations projects in Canada and another small-scale one. These contracts, with a total value of $9.9 M, bring the Water Technologies & Services (“WTS”) backlog to $41.2 M. H2O Innovation will be supplying a water reuse system for a major client located in Escondido, California. This project will incorporate ultrafiltration (“UF”) system followed by reverse osmosis (“RO”). The UF will be designed to have a net filtrate production capacity of 2.5 MGD (9,460 m3/day), while the RO has a permeate capacity of 2.0 MGD (7,570 m3/day). The system will treat tertiary effluent from the existing recycled water system to produce high purity recycled water that will be blended with the existing recycled water supply and used for agricultural irrigation.
