Banyan Water Releases 2022 W.A.T.E.R. Report Analyzing Costly Water Mismanagement and Historic Droughts
Austin, TX
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May 03, 2022 08:00 AM Pacific Daylight Time
Banyan Water, the leading provider of data-driven water conservation software for the built environment, today released its 2022 Banyan Water Analysis Trends and Emerging Risk (W.A.T.E.R.) Report.
Banyan’s report analyzes 2021 data from its portfolio of properties, identifying major enterprise-level water risks jeopardizing large-scale conservation amidst historic droughts. The report also identifies the millions of dollars in hidden costs properties face due to water mismanagement coupled with rising regional water rates.
“Severe droughts threatening water reserves are not just an issue du jour. We’re combating a full crisis,” said Gillan Taddune, CEO of Banyan. “Corporations can no longer put water management on the back burner. Insights from our report underscores the importance of Banyan’s data-first water management system that eliminates costly risks for U.S. enterprises.”
The report explores market data on water usage and climate in the U.S. to reveal:
- Water leaks critically impact enterprise-level risk: Banyan identified—and stopped—hundreds of leaks, preventing more than 58 million gallons of water waste and cost.
- Landscaping inefficiencies lead to unnecessary water waste: Changing from turf to xeriscape can result in 50% to 100% reduction in water consumption.
- Rising regional water rates drive property expenses: Banyan reported an increase in water rates across the U.S.—many cities are experiencing triple digit rate increases due to drought and infrastructure upgrades.
- Unpredictable water flow rates lead to unforeseen costs: Water rates are highly variable making it difficult to anticipate water related expenses throughout a property’s lifetime.
To access the full report, click here.
About Banyan Water
Founded in 2011, Banyan Water is the leading provider of data-driven water conservation software for the built environment. Using smart devices and real-time monitoring and analytics, Banyan protects Earth’s most precious resource while significantly reducing expenses for clients. Since the company’s inception, Banyan has saved more than 4.5 billion gallons of water—enough to supply households in the city of Los Angeles for about a month during the current water crisis. The company also secured the esteemed EPA WaterSense label on select products, and, in 2021, increased customer asset value by $20 million. For more information, visit www.banyanwater.com.
Contact Details
Julie Springer
+1 512-422-1902
