The Waterly

"The Waterly" is a weekly all-things-water newsletter we share with our community covering the latest innovations and investment deal flow in the water sector and recent news on climate change and water-related crises.

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Hello and welcome back to The Waterly! The IPCC Climate Report has been ringing the "red code" Climate Change alert this week. Water plays a key role in Climate Change and is taking center stage with wildfires and floods erupting on every continent. There is some good news - ex-SpaceX engineers are working on a commercial electric speedboat and Matt Damon and Gary White from Water.org announced a $1 billion water fund, and we can now say a long-overdue goodbye to RoundUp!


Tech & Innovation

Tidal power project in Canada’s Bay of Fundy secures support of Japanese firms

Two Japanese firms have entered into a joint development agreement with Ireland-headquartered DP Energy to work on the initial phase of a tidal energy project in Canada.

UAE: World’s first solar project to extract water from air at Masdar

The innovative pilot project will be run by US-based water technologies company, AQUOVUM, in partnership with Masdar and Khalifa University of Science and Technology, as part of a three-party research and development agreement, according to a joint press release issued on Sunday.

Ex-SpaceX engineers in race to build first commercial electric speedboat

LA-based Arc Boat company announces $4.25m seed fund to start work on 475-horsepower craft.

Rotating Water Desalination Device Is Up to 400% More Efficient

The technology takes advantage of solar energy for the distillation of water, potentially allowing dirty water to be made clean for more than 700 million people worldwide who have no access to clean drinking water.

Smartphone Screens Effective Sensors For Soil Or Water Contamination

The touchscreen technology used in billions of smartphones and tablets could also be used as a powerful sensor, without the need for any modifications.


Investment & Deals

UK launches £4m fund to run fibre optic cables through water pipes

The government has launched a £4m fund to back projects trialling running fibre optic broadband cables through water pipes to help connect hard-to-reach homes without digging up roads.

Can Jason Bourne save the world and fix water?

WaterEquity, the financing arm of the non-profit organisation founded by Matt Damon and Gary White, is raising a $1 billion water fund.

American Water shares at new high despite lower ROEs

American Water shares shot to a new all-time high earlier this week on the back of a set of Q2 results which showed the company once again firing on all cylinders.

Macquarie wades back into UK with majority stake in Southern Water

The Australian investment bank Macquarie has returned to the UK water industry – four and a half years after leaving Thames Water saddled with debt – buying a majority stake in Southern Water for more than £1bn.


Water & the Environment

‘My heart is crushed’: US’s largest wildfire levels beloved California town

Greenville, a community of about 1,000 in the Sierra Nevada mountains, reduced to ashes by California’s third largest fire ever recorded.

The California tourist town that’s running out of water: ‘It’s a shock’

Carved into California’s northern coast, the historic hamlet’s rugged beaches, scenic hikes, charming bed-and-breakfasts and boutique galleries draw in 1.8m visitors each year. But drought is threatening to sink its key industry.

5 takeaways from the major new U.N. climate report

On Monday the Intergovernmental Panel on Climate Change, a scientific body convened by the United Nations, released a major new report concluding that the world cannot avoid some devastating impacts of climate change.

Greenland: enough ice melted on single day to cover Florida in two inches of water

Greenland’s vast ice sheet is undergoing a surge in melting, with the amount of ice vanishing in a single day this week enough to cover the whole of Florida in two inches of water, researchers have found.

Thousands flee Greek island as wildfires raze forest and homes

Thousands of people have fled wildfires that are destroying vast swathes of pine forest and razing homes on Greece’s second-largest island, Evia, as devastating summer blazes rage from southern Europe to Siberia.


PFAS and Chemicals

Bayer will stop selling Roundup for residential use in 2023, an effort to prevent future cancer lawsuits

The company has lost several significant lawsuits from plaintiffs who alleged glyphosate gave them cancer. The new decision is an attempt to minimize future liability.

Does Your Drinking Water Smell Like a Pool Party? - The Brockovich Report

Erin Brockovich: "When you smell chlorine in water, it’s typically due to exceedingly high levels of toxic chemical compounds reacting with the chlorine."

PFAS: fears over lax US standards prompt bill on beauty products’ safety

Earlier this summer, a new study found that more than half of 231 cosmetic products tested in the US and Canada contained PFAS, a group of fluorinated chemicals that can weaken immunity, disrupt child development, affect the reproductive system and increase the chance of certain cancers.


Geof Rochester is a recognized thought-leader across corporate sustainability, CSR, NGO management, philanthropy, and social entrepreneurship. Founder of Geof Rochester & Company Consulting, he advises nonprofit, social enterprise and corporate brand leadership on marketing strategy and social purpose. Some past and current clients include Day One, Purify Fuel, American Farmland Trust, AppHarvest, Ziggie.com, and MindSpark Learning.

Rochester is a results-oriented and passionate industry leader with a career running marketing organizations in highly visible, aggressive-growth organizations across entertainment (Comcast, Showtime, WWE), hospitality (Radisson), consumer products (Procter and Gamble), and non-profit sectors (The Nature Conservancy). His skill set lies in the areas of advertising, promotions, public relations, member acquisition, fundraising, strategic planning, digital marketing, and business development. He has a solid record of igniting brands into positions of leadership. He is recognized for attaining outstanding results through innovative thinking, and inspirational leadership to WIA and the WELL Community.