SOURCE: Sourcewater

Sourcewater

September 22, 2014 09:00 ET

Sourcewater Founder to Present at Top Industry Conferences

First Public Presentations From Start-Up Capitalizing on Internet Business Models and Technology to Redefine Water Sourcing, Recycling and Management for Energy Production

CAMBRIDGE, MA--(Marketwired - Sep 22, 2014) - Sourcewater, an MIT spin-off addressing the critical challenges at the intersection of water supply and energy production, today announced that Founder and CEO Joshua Adler has been invited to share his insights at a range of industry events.

Sourcewater.com brings water management for energy companies and their suppliers into the Internet age. Conceived, designed and developed by water and energy experts at the Massachusetts Institute of Technology, the site is the world's first online marketplace for sourcing, recycling and disposing of water in the energy ecosystem. Sourcewater.com matches energy companies with produced water, impaired water and freshwater sources to maximize wastewater recycling, secure water supply chains and minimize water acquisition costs. The site will go live later this fall.

Multiple research studies issued recently by the World Economic Forum (WEF), the World Resource Institute (WRI), Ceres and others underscore the increasingly severe challenges at the heart of the water/energy production nexus -- and the immediate need to address them. Citing water crises as a top-three global risk, the WEF report calls out "a continued and growing awareness of the global water crisis as a result of mismanagement and increased competition for already scarce water resources..."

Specific to the energy sector, a report from Wood Mackenzie, Ltd., states: "With expected increasing regulatory uncertainty and water constraints, water poses a variety of business risks for the energy industry. These include limited access to sources of supply, delays in project developments, increasing costs and asset downtime."

"Unprecedented growth of new, abundant and affordable energy supplies is matched only by historic demand for the water required to produce that energy," Adler said. "Our team started with a vision of how we could pair our deep understanding of the water and energy markets with new Internet business models and technologies to vastly improve the ecosystem for all players. We're excited to be going live with our site shortly."

Members of the media or market research analyst communities interested in meeting with Sourcewater executives prior to or at any of these events may schedule those appointments by contacting Chris Conway at CHEN PR (cconway@chenpr.com or 781.672.3113).

Water Recycling and Reuse for Shale Plays - East
September 30-October 2, 2014
Omni William Penn Hotel
Pittsburgh, PA
Session: Collaborative Online Exchange for Maximizing Recycling, Guaranteeing Supply and Minimizing Water Costs
Date and Time: Thursday, October 2, 11:30 a.m.-noon EDT

Water Management for Mining Summit
October 7-9, 2014
Crowne Plaza Denver Downtown
Denver, CO
Session: Opportunities to Market Processed Mine Discharge Water to Energy Companies through an Online Exchange
Date and Time: Wednesday, October 8, 3:30-4:00 p.m. MDT

Shale Water Expo 2014
October 14-15, 2014
The Stafford Centre
Stafford, TX
Session: Sourcing and Recycling Water for Hydraulic Fracturing Using an Online Exchange
Date and Time: Tuesday, October 14, 10:30-11:30 a.m. CDT

American Water Summit 2014: Smashing Silos
October 23-24, 2014
OMNI Houston Galleria
Houston, TX
Session: Planning for the Future
Date and Time: Thursday, October 23, 5:00-6:00 p.m. CDT

4th Annual Produced Water Reuse Initiative 2014: Rocky Mountains Tight Oil & Shale Gas Plays
October 29-30, 2014
Embassy Suites Denver Downtown
Denver, CO
Session: The Extent to Which Water Sharing between Operators Can Help Create Mutually Beneficial Partnerships for Overcoming Water Sourcing Challenges
Date and Time: Wednesday, October 29, 4:40 p.m. MDT

Shale Play Water Management 2014
November 19-20, 2014
Hilton Rockwall/Lakefront Hotel
Dallas, TX
Session: An Online Water Sharing Exchange between Operators for Overcoming Water Sourcing and Disposal Challenges, Maximizing Recycling, Enhancing Water Supply Chain Resilience and Minimizing Cost
Date and Time: Wednesday, November 19, 1:30 p.m. CST

Water Management for the Permian Basin (link not yet available)
January 27-28, 2015
Venue: TBD
Houston, TX
Session: Collaborative Online Exchange for Maximizing Recycling, Guaranteeing Supply and Minimizing Water Costs
Date and Time: Wednesday, January 28, 4:30-5:00 p.m. CST

About Sourcewater
Sourcewater is bringing to market Sourcewater.com -- an industry-first online exchange for conserving freshwater resources and creating market incentives for recycling water while enhancing the security of water supplies. The company was founded by serial entrepreneur and former US Treasury senior economic policy official Joshua Adler, an MIT Sloan Fellow for Innovation and Global Leadership in the Energy Ventures Program. The leadership team includes experts in water, energy production, web design and public policy who have been on staff or consulted with organizations that include Shell, Chevron, Mekorot (Israel's national water company), IHS, SAP, the US Department of Energy, MIT and McKinsey & Company. For more information, visit www.sourcewater.com.

All product and company names herein may be trademarks of their respective owners.

Contact Information

  • Media Contact:
    Chris Carleton
    CHEN PR
    m: 857.891.2989
    o: 781.672.3115
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