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A new report unveiling the true value of water and introducing a new framework to accurately price water and drive investment in the sector ‍ Water is fundamental to life. Access to clean water transforms communities, supports individual health and drives economic development. Yet, as the world faces increased water demand driven by climate change, population growth and industrial expansion, this foundational resource is becoming increasingly scarce. Nearly half of the global population faces severe water shortages, and by 2050, 46% of global GDP will be concentrated in high water-risk regions. Despite its critical importance, water remains one of the most undervalued resources in the world, discouraging the necessary investments to ensure its long-term security. ‍ That’s why we developed a new report with Boston Consulting Group, What is Water Really Worth?, that explores the complexities of properly valuing water and introduces a new framework to more accurately price water, ultimately helping to mitigate climate risks and fully realize its economic, social and environmental benefits.

As global water scarcity spreads and more regions begin to run out of the freshwater they need for daily life, desalination is heralded as the answer. It already provides countless people with reliable clean water, but it also carries some disadvantages as an energy-intensive process with high environmental costs. Now, OceanWell’s new offshore desalination system promises to overcome these downsides and offer another option. In this article, we explore the new technology and find out what makes it different.

A Californian start-up is investigating the feasibility of harvesting freshwater from desalination pods on the ocean floor. OceanWell is partnering with Las Virgenes Municipal Water District (LVMWD) in southern California to pilot the state’s first "blue water farm". The project will be the first to use OceanWell's purification technology to create a new supply of drinking water. OceanWell says its technology has the potential to turn any raw water source into drinking water, without the environmental impacts of traditional desalination methods, which is energy intensive and creates a brine byproduct that can harm eco-systems.

In a strategic collaboration, OceanWell, a forward-thinking startup, is delving into the ocean’s depths to investigate the potential of harnessing fresh drinking water through specialized desalination pods positioned on the ocean floor. By partnering with the Las Virgenes Municipal Water District in southern California, it is dedicated to evaluating the viability of this inventive endeavor. Conventional desalination techniques usually come with high energy costs and result in the creation of saline byproducts detrimental to marine ecosystems. OceanWell is on a mission to transform this procedure by integrating desalination with cutting-edge offshore energy technology.