Article by Jeremy Ryan Slate
Original Publication: Grit Daily
Disrupting Big Water
Riggs Eckelberry doesn’t look like a bomb-thrower. And yet, he’s driving the disruption of a trillion-dollar industry that has fallen behind the times and is affecting the health of millions. That industry is Big Water...
Simply, those billion-dollar centralized water systems aren’t coping with demand, and water quality is getting worse. In fact, he has a goal for his company, OriginClear, to be the driving force to take the water industry from $1 trillion to a $5 trillion dollar market.
Ten years after launching public company OriginClear, Riggs and his team are offering those truck-in-place modular systems in the USA, while licensees are building products internationally using OriginClear’s low-energy, chemical-free innovation.
Riggs Eckelberry is uniquely qualified to ride the huge wave of do-it-yourself water treatment that is transforming an industry, having learned management in the nonprofit space, captained oceangoing ships, and achieved several tech successes during the dot-com boom.
Like the Computer Revolution, But With Water
When it comes to the growth of the industry, Eckelberry compares it to the PC revolution in the second half of the twentieth century.
“Yeah, so you were afraid of Ray Kroc when he everybody thought they were making burgers at McDonald’s. He said no, it’s real estate. Well, think about it. by installing instead of installing I mean let me back up a bit. When we had mainframes, everything was centralized. then we had PC’s.
And guess what? all the value, first of all, skyrocketed it’s trillions of dollars versus millions and billions and so many, many, more PC’s and the value of all those PC’s is now at the businesses and is no longer at the central Mainframe very similar here instead of being concentrated at some communal water treatment center, which you still need but But it would only then do the basics now.”
– Riggs Eckelberry
Growing Asset Value and Privatization
It’s not about the Burgers, it’s about the Real Estate. When Ray Kroc realized for each McDonald’s he owned, that it wasn’t about the food he was selling rather the true value was the land it was built on, there was a massive shift in the business world.
The same thing goes for the trillion-dollar market that no one is talking about: water. Riggs Eckelberry and his company OriginClear believe that it can become a five trillion-dollar market. Previously companies relied only on public works to clean their wastewater.
Now OrginClear is allowing businesses to put value into their own business by adding value to their real estate; they’re self-sufficient and saving a lot of money.
For example, one business, a brewery, went from spending $200,000 on wastewater to $20,000 – valuable real estate that can now save money.
Due to limitations by public works, the aforementioned brewery was not able to expand. Once they privatized their own water treatment, they not only raised their capacity but also saved money in the process. That’s what is meant by real estate, the value was added because there is less future cost associated with operating there.
The other side of the revolution is the environment itself. Though water is a renewable resource, there is a struggle for much of the world, leading to shortages of water. Besides being fast-growing economically, growth in the water industry will also have positive effects on the environment.
“Now you’ve put a lot of treatment. Out at the periphery, we privatize it as you say, creating an asset number one and also adding value to the business itself. It’s got more ROI so we have a functional asset and here’s a secret. Is a concept called. Environmental social and governance; ESG. now environmental social governance says That you’re if you’re a corporation, That wants to get a certain kind of investment. And there’s over 22 trillion dollars of assets under management that are ESG compliant.
If you want to be ESG type of investment Water is huge. Formerly, you couldn’t do anything about the water because you delegated that but now you have a chance to do something and be ESG attractive And it makes OriginClear of course and ESG enabler, and we’re now dramatically helping people’s. Enterprise Value, their real estate value, and of course the bottom line.”
Riggs Eckelberry sits down with me, Jeremy Ryan Slate, to discuss environmental sustainability, growing profits and a $1 trillion dollar industry on the latest episode of the Create Your Own Life Show.