Cooling Water Conservation Fund
The Cooling Water Conservation Fund works to help industrial facilities quickly adopt water-saving technologies to reduce reliance on the Colorado River - all while increasing resilience to climate risk, protecting homes, businesses, and the local economy from water shortages.
Industrial and commercial buildings consume millions of gallons of water each year for cooling. In the hot, dry climate of the Colorado River Basin, cooling is a critical aspect of day-to-day operations. To conserve energy, companies rely on evaporation to cool buildings by transferring indoor heat to the outside air. This process, known as wet-cooling, underpins commerce across the region. Wet-cooling systems, while essential, consume significant amounts of water. Simple upgrades can boost water efficiency by 20-30%, but these cost-effective retrofits are rarely adopted due to high up-front costs. Consequently, many sites overuse water. Supporting projects to retrofit these facilities with water-saving technology provides a sustainable solution that conserves water, protects ecosystems, and boosts urban economies.
Through the Cooling Water Conservation Fund, we provide technical assistance and financing for water-saving retrofits to industrial wet-cooling systems. This Fund advances capital for upgrades with little to no up-front cost, recovering funds from the site's water savings to reinvest in new projects.
Benefits associated with project outcomes from this revolving Fund include:
Verifiable, multi-year water conservation, with increasing impact as funds are recycled.
Reduced chemical and energy use for wet cooling systems.
Advanced water conservation solutions for commercial industrial water users.
Advancing a unique municipal-nonprofit partnership to magnify the impacts of existing municipal water conservation programs and tackle one of the toughest problems for the management of municipal water demands.
Apply for Funding
We are currently inviting businesses in and around the Phoenix metropolitan area to apply for funding under the Cooling Water Conservation Fund. You can be a part of this groundbreaking initiative poised to reduce industrial water use. Apply today!
For more information on how to participate please contact us at info@thebluebank.org
Picture: John Giles, center, mayor of Mesa, Arizona, and Phoenix Mayor Kate Gallego, right, participate in a panel discussion on water in the West on May 17, 2022. | Gage Skidmore, for the Deseret News