- 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.
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