World Energy Outlook (WEO) as presented by the IEA (International Energy Agency) shows that today’s water sector, which includes the collection and treatment of wastewater, accounts for 4% of total global electricity consumption.
Wastewater treatment alone represents roughly a quarter of the water sector’s electricity consumption. Additionally, some estimates have put the sector’s share of total greenhouse gas emissions at 3%.
In addition to high energy consumption, many water management facilities are in remote locations and consist of ageing, under-monitored equipment. In many cases equipment failures can have catastrophic consequences as is the case with storm water drainage for instance.
All of the factors above, makes water management an ideal market for Numen.