Press Release
Exagenica Announce Plans to Establish Legacy H2O Initiative to Accelerate Water Innovation
Legacy H2O Initiative Will Seek to Bring Together Innovators in Water Technology to Form a Rich Ecosystem Capable of Averting Predicted Future Water Stress and Geo-Political Tension Over Water Resources
LONDON, England. – May 29, 2021 – Exagenica, a technology company that includes applied research and development and water technology innovation amongst its commercial interests, today announced plans to incept the Legacy H2O initiative - to support innovators in water technology and avert predicted future water shortages. The long term ambition of the Legacy H2O programme will be to provide future generations with a tangible legacy of renewable water supplies that are able to sustain the growing global population – against a backdrop of climate change challenges and increasing geo-political tensions.
Legacy H2O will bring together multinational companies, academic research institutions and the investment community to create a rich ecosystem that accelerates the realisation of globally impactful advancements in water innovation.
Future generations face wars over water resources. Increasing utilisation, pollution, population growth and climate change mean that water demand is expected to outstrip accessible supply by 40% within 20 years. This demand will not be evenly distributed: one-third of the world’s population, mostly in developing countries, will live where this deficit exceeds 50%.
Countries like those in the Middle East face significant challenges in meeting future domestic water requirements. These requirements cannot be met solely through continued expansion of desalination capacity - not least because brine outputs will increase Gulf salinity levels, potentially making future desalination too expensive. Developing nations can simply not afford the average $1B it costs to build a desalination plant. Digging wells for water is only feasible if existing ground water sources exist or if those sources have not already been depleted or contaminated.
While advancements in water innovation have increased in recent years, countries are still ultimately dependent on the same, small number of water sourcing methods that they have been for over 50 years. Hence greater innovation is needed. Exagenica Research’s HYDRA technology will form a key structural part of the Legacy H2O initiative around which advancements in water innovation, technology and regulation will be incubated.
Exagenica is developing HYDRA as a solution to enable potable water to be shipped economically, from areas in which water supply is abundant to locations with a water requirement. HYDRA achieves this by dual purposing vessels, enabling ships - which currently run empty back to point of origin - to take on potable water on the return journey without a requirement to clean the hold between cargoes.
HYDRA’s primary application by design is to alleviate global water stress - by enabling cost effective, seaborne water transportation. Thus, providing nations with an alternative to desalination which is costly and environmentally damaging, both in terms of carbon output and its brine by-product. Economic diversification of water resources will also enable sovereign nations’ to withstand climate change impacts. HYDRA-converted merchant vessels represent an opportunity for nations and their aid agencies to donate or purchase and transport water for humanitarian purposes.
About Exagenica
Exagenica is an Anglo-Irish technology company with interests in applied research and development. Exagenica seeks to commercialise new technologies through R&D activities and actively targets complex global challenges - with societally important themes. Exagenica aims to overcome these challenges by bringing together subject matter experts from a wide array of technological disciplines and also incubates startups through its Telemetry acceleration programme.
Exagenica works collaboratively with leading academic research institutions, governments and multi-national partners and leverages SkunkWorks resourcing models to accelerate innovation - in an agile manner.
Learn more: https://www.exagenica.com/
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Exagenica is an Anglo-Irish, multinational technology group headquartered in London. The Exagenica group is divided into two primary business units: Applied Research and Technology Services.
As an applied research and development company, Exagenica seeks to commercialise innovation through R&D activities – primarily targeting complex and societally important global challenges. Our current R&D portfolio spans a broad spectrum of technology disciplines, which bring together digital and analogue solutions in innovative formats. Our R&D model typically includes spin-out companies for successful R&D initiatives - alongside our technology partners.
Exagenica also provides a comprehensive portfolio of technology services and solutions - to a diverse corporate client base globally. Exagenica works alongside its clients in a trusted technology advisor capacity, through which, it aims to support its clients in achieving optimal deployment of technologies.