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H2O Innovation Is Granted its First Blue Loan of $65 M
- Global Newswire
H2O Innovation’s inaugural Blue Loan has been inspired by the Guidelines for Blue Finance developed by the International Finance Corporation in January 2022. The guidelines were developed to address blue finance as an emerging area in climate finance where funds are earmarked for investment in ocean-friendly projects and critical clean water resource protection.
H2O Innovation is on the leading edge of the shift towards more water reuse, using best-in-class technologies to transform wastewater into high-quality water that can be reused for agriculture, landscape irrigation, industrial and potable water applications. Being better stewards of global water resources is central to H2O Innovation’s mission.
“Everything we do on a daily basis, from the engineering and manufacturing of water reuse plants to the operation of water assets and the supply of green chemicals and components to the desalination industry, is done to help solve water issues for good. We are very proud that H2O Innovation has obtained its inaugural Blue Loan from National Bank of Canada. Part of our mission is to drive intelligent solutions to help solve the growing challenges related to water use. The combination of population growth, aging infrastructure, regulatory frameworks driven by higher environmental standards, water scarcity, and an aging workforce drives growth for us and our industry. The support of National Bank of Canada serves as a reminder of the importance of investing in the water sector to ensure the sustainability of this vital resource,” said Frédéric Dugré, President and Chief Executive Officer of H2O Innovation.