By Kellen Utecht, Director of Sustainability, Phigenics
“Nothing is more useful than water; but it will purchase scarce anything; scarce anything can be had in exchange for it.” — Adam Smith
With California facing its worst drought conditions in its history, toxic algae blooms in Lake Erie, and water costs rising 33% since 2010, water’s value – both its actual costs and our perception of it – has been transformed since Adam Smith’s time. Companies today have a vested business interest in managing their water consumption. Since 2011, businesses globally have invested $84 billion dollars in water management projects.
Given that water for cooling makes up a significant portion of a building’s water use, adopting a portfolio approach to cooling water management program is one way companies can make meaningful impacts in reducing water consumption and improving energy efficiency.
Phigenics, an independent water management company, works with leading companies in diverse industries such as healthcare, universities, hospitality and retail to optimize water use in the built environment. In one powerful example, Walmart – with a portfolio of stores spread across the United States – made significant reductions in its water use and utility expense by implementing such a program. Read more