Xylem Partners With Isle Utilities To Support Breakthrough Water Technologies

Xylem Inc XYL is sponsoring a new funding mechanism for water utilities to deploy promising new technologies.
The company has partnered with water consultancy Isle Utilities marking a new approach to funding and scaling breakthrough water technologies, called the "Trial Reservoir."
The initiative provides water technology innovators access to capital for pilot projects, with an initial focus on technologies that reduce the carbon emissions of water systems.
Xylem is a foundation sponsor of the initiative along with other water sector partners.
The Trial Reservoir expects to fund its first utility pilots in the first quarter of 2022.
Price Action: XYL shares are trading higher by 0.10% at $114.37 on the last check Tuesday.

Overview Rating:

Good

100

0100