The next big pile of $$$? Think water, says Sensus
By: SGN Staff
Quick Take: A new white paper from Sensus further confirms that smart water networks can save billions worldwide â€“ up to $12.5 billion to be more precise. The savings come from areas such as leakage and pressure management.
These kinds of macro estimates are a useful starting point â€“ they prove that the benefits of smart water networks outweigh the costs. In addition, we also need tools that help utilities make "micro" estimates â€“ that help them calculate the ROI for their individual situations. Use the Comment form at bottom if you are aware of any ROI calculators or spreadsheet templates that can be of help. - By Jesse Berst
Constantly growing demand is reducing the global water supply to the point it is considered an increasingly scarce resource. Against that backdrop, solutions to make the most of the water we have has taken on critical importance.
New research commissioned by metering, communications and software company Sensus found that utilities could save up to $12.5 billion a year by focusing on improving system performance in areas such as water leakage, pressure management, network operations and quality monitoring. Those efforts, combined with more informed decision making on targeting capital expenditures, can bring substantial savings through real-time data provided by smart water networks.
"Water utilities are under pressure from growing demand, aging water systems and increasing energy prices," said Peter Mainz, Sensus CEO and president. " Smart water networks can ease that pressure and save utilities worldwide billions of dollars each year. These savings mean more than 5 percent of utilities' budgets could be reinvested to improve water networks and help address the global water scarcity crisis."
Sensus says that about two-thirds of the world's population (about 4.6 billion people) will see water stressed conditions within the next 10 years when demand outstrips the available water supply during a certain time frame or when poor quality limits its use.
As a result of water scarcity along with the link between gross domestic product and drinking water availability, Sensus is pushing for collaboration in the water industry to deploy smart water networks throughout the world. "The savings and societal benefits we've identified are only possible if we start working together. If we act now to implement smart water networks, we will preserve this vital resource for future generations," Mainz added.
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