STOCK TITAN

Water Utilities Set the Pace in Race to Reduce Carbon Emissions

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Xylem (NYSE: XYL) highlights the potential for water utilities to decarbonize using existing technologies. More than 80 utilities have set net-zero targets, showcasing strategies to optimize operations and cut greenhouse gas emissions. A medium-sized utility could offset emissions equivalent to 150 transatlantic flights annually. Successful examples include South Bend, Indiana, which saved $500 million and reduced infrastructure carbon impacts, and EWE WASSER GmbH in Germany, which cut energy use by 30%. Xylem's efforts were recognized as a 'Net Zero Carbon Champion' at the 2022 Global Water Awards.

Positive
  • Over 80 water and wastewater utilities have set net-zero targets, showcasing industry commitment.
  • Xylem recognized as 'Net Zero Carbon Champion' at the 2022 Global Water Awards for its sustainability efforts.
  • South Bend's approach saved approximately $500 million while reducing carbon impact significantly.
  • EWE WASSER GmbH achieved a 30% reduction in energy use, showcasing operational efficiency.
Negative
  • None.
  • Leading utilities show how water sector could become one of the fastest to decarbonize using existing technologies at low cost
  • A medium-sized water utility could reduce emissions equal to 150 transatlantic flights per year

WASHINGTON--(BUSINESS WIRE)-- More than 80 water and wastewater utilities worldwide have set net-zero and climate-neutrality targets.1 These utilities are leading the decarbonization of the water sector with strategies that optimize operations while cutting greenhouse gas (GHG) emissions. A new paper from global water technology company Xylem (NYSE: XYL), Net Zero: The Race We All Win, shows how water managers are reducing their emissions and making infrastructure more resilient to climate change.

Learn about some of the strategies that are helping utilities reduce emissions in Xylem's new paper. (Graphic: Business Wire)

Learn about some of the strategies that are helping utilities reduce emissions in Xylem's new paper. (Graphic: Business Wire)

“We have an opportunity to help the water sector be the fastest to reduce its carbon emission footprint. Utilities, already on the frontlines of the effects of climate change and aging infrastructure, and passionate public servants, are the key,” said Patrick Decker, President and CEO of Xylem. “This paper and action show how leading water utility managers are delivering real progress toward net-zero goals. And these examples show how quickly and affordably they are doing it, while optimizing their overall operations. The technology exists to address these challenges, and the time to make a difference is now.”

Water infrastructure accounts for approximately 2% of global GHG emissions – the same as the global shipping industry. Net Zero: The Race We All Win, which is available to download, highlights pragmatic approaches and proven technologies that can reduce water utility emissions to net zero. The methods used by pace-setting utilities include:

  • Create a smart net zero strategy – realistic, measurable targets towards emissions-reduction goals
  • Optimize energy and resources across a network – cost-neutral strategies to reduce emissions while ensuring process stability
  • Embed net-zero goals in capital planning – net-zero criteria that fold into existing processes and the flow of day-to-day decision-making
  • Move from treatment to resource recovery – from wastewater as a by-product to be managed to a resource

Among the success stories highlighted in the paper is the City of South Bend, Indiana. The city used technology to reduce combined sewer overflow volume by more than 70 percent. This prevented needless construction of new grey infrastructure and eliminated the associated embedded carbon. The city improved system performance and capacity utilization, and delivered environmental gains 10 to 15 years ahead of schedule.

“While the headline figure of our work was that the city has saved approximately $500 million in capital work savings, the impact on our carbon footprint should not be overlooked. By avoiding a large construction project and prolonging the life or our infrastructure through smart technology, we have made a major impact in reducing our carbon footprint,” said Kieran Fahey, Director, Long-Term Control Plan at the Department of Public Works, City of South Bend.

In another example, EWE WASSER GmbH (EWE) in Cuxhaven, one of Germany’s largest wastewater companies, reduced energy use by 30 percent in part of its operations. Its plant has the capacity to treat wastewater for 400,000 people, and the reductions saved 1.1 million kWh annually, enough energy to power 275 homes for one year, while ensuring high water quality.

Xylem executives will be leading decarbonization conversations at WEFTEC 2022 and European Energy Efficiency Day this week, and at the COP27 climate change conference in Egypt next month.

Xylem was named “Net Zero Carbon Champion” at the 2022 Global Water Awards. This award recognized the Company’s work to accelerate the decarbonization of the water sector and its pledge to partner with utilities, businesses, and water managers around the world to help reduce their carbon footprint. It also acknowledged the Company’s commitments in sustainability: in the last two years the Company has already reduced the CO2 footprint of its water customers by over 1 million metric tons.

About Xylem

Xylem (XYL) is a leading global water technology company committed to solving critical water and infrastructure challenges with innovation. Our 17,000 diverse employees delivered revenue of $5.2 billion in 2021. We are creating a more sustainable world by enabling our customers to optimize water and resource management, and helping communities in more than 150 countries become water-secure. Join us at www.xylem.com.

1 https://www.globalwaterintel.com/water-without-carbon

Houston Spencer

+1 (914) 240-3046

Houston.Spencer@xylem.com

Source: Xylem Inc.

FAQ

What are Xylem's recent achievements in reducing greenhouse gas emissions?

Xylem has been recognized as a 'Net Zero Carbon Champion' at the 2022 Global Water Awards for its efforts to accelerate decarbonization in the water sector.

How much did South Bend save by implementing Xylem's technology?

The City of South Bend saved approximately $500 million through technology that reduced combined sewer overflow volume by over 70%.

What is the significance of the new paper released by Xylem?

Xylem's new paper outlines how water managers are reducing emissions and enhancing infrastructure resilience, indicating a shift towards net-zero strategies in the water sector.

How does Xylem contribute to global decarbonization efforts?

Xylem collaborates with utilities worldwide to develop strategies for reducing carbon footprints, aiming for significant emission reductions in the water sector.

What impact does water infrastructure have on global greenhouse gas emissions?

Water infrastructure accounts for around 2% of global greenhouse gas emissions, similar to the shipping industry, highlighting its potential for emission reductions.

Xylem Inc

NYSE:XYL

XYL Rankings

XYL Latest News

XYL Stock Data

30.94B
241.29M
0.65%
93.9%
1.03%
Specialty Industrial Machinery
Pumps & Pumping Equipment
Link
United States of America
WASHINGTON