Water is More Expensive than Most Companies Think

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Water is More Expensive than Most Companies Think

Water is More Expensive than Most Companies Think

When it comes to managing their operations, savvy businesses know that efficient material use is crucial to improving the bottom line. However, when it comes to water, many companies fail to plan for water shortages until the problem becomes acute.

coin-357125_960_720.jpgClimate change and related changes in weather patterns, increasing urbanization and population growth are affecting water availability across the country. The U.S. EPA reported that water managers in 40 states expect water shortages in the next 10 years.

What is the true cost of water?

Contrary to prevailing wisdom, water isn’t cheap. What’s more, businesses pay twice for water — once when it enters the facility and again when it leaves.

In between, water is used for a variety of purposes, such as moving or rinsing products; changing or maintaining temperature; cleaning equipment, or preventing drying between stations of a manufacturing assembly line. The true cost of water usage can be $10-20 per 1,000 gallons after permit charges, discharge fees and treatment operational costs are taken into account.

Over 30 years, the Minnesota Technical Assistance Program has helped businesses and communities conserve 600 million gallons of water.

A few examples of local measures: A printed circuit board manufacturer saved 5.6 million gallons and $33,000 a year by installing flow restrictors and new controls on the rinse tanks; and a facility that makes meat by-products switched to an air-cooled heat exchanger that recirculates in a closed loop, saving 4.5 million gallons and $13,200 annually.

Looking to unlock new savings? A few of our most trusted water conservation recommendations, beginning with the least expensive and ending with options that require capital investment:

To save money and ensure an adequate supply of water for your operations into the future, it’s just good business to start examining your water use practices today

Source: Green Biz

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Category: Business