On TV last week, I discussed a major problem (view clip here). Let me set the stage.
New York City's water supply system is among the finest in the world. New York barely needs to treat its water. If you've tasted the water, you know.
High Bridge in 1849, part of the Croton Aqueduct,
New York city's first water supply system - by Fanny Palmer (1812-1876) (wikipedia)
What New York built is unlikely to happen again.
On MoneyTV, I discussed how our national infrastructure is in bad shape, and getting worse; according to the EPA, we need to spend a quarter-trillion dollars to fix it. That money is just not available.
Sadly, the age of massive multi-billion dollar central projects is behind us. And business users are being increasingly stuck with the problem: what do I do with my dirty water?
The answer? Treat It Yourself!
In Water Online magazine two years ago, I predicted a new era of self-help water treatment for businesses, factories, housing developments and farms.
And guess what: it's happening! Our own Modular Water Systems is scrambling to meet demand for prefabricated water systems; and we are hiring as fast as we can to fill the gap (and labor markets are tight!)
Our service company in McKinney, Texas nearly tripled its business back in January. And another Texas company has told us that it's turning down contracts.
Water Independence is for real.
It's not just in Texas. California's tough new water reuse law, part of Title 22, is forcing businesses to build their own water treatment systems, and recycle more.
That means many more on-site systems are going to be built.
When any business moves to the edge, there's a boom. Look at what happened when mainframes turned into personal computers. The PC market grew incredibly faster than mainframes.
That's what's happening in water.
So it's boom times for the industry, and your favorite clean water company, OriginClear, is perfectly positioned to benefit!
Have a great week!
Riggs and Team
President & CEO
OriginClear, Inc. (OCLN)