Public Funding for Open Hydro Ltd

Water IMPACT is a groundbreaking project aimed at addressing a **critical global challenge: accurately assessing and mitigating emissions from water reservoirs**. With freshwater systems contributing to a significant portion of fossil fuel emissions, our innovative solution offers a game-changing approach to tackle this issue. By harnessing machine learning techniques and satellite technology, we empower water and electric utilities to calculate, track, and reduce carbon dioxide and methane emissions, thus facilitating their journey towards net-zero targets. Our primary focus is **serving water and electric utilities** in the UK, Europe, and America, aligning perfectly with their commitments to combat climate change and achieve net-zero goals. We link their sustainability actions to emissions reduction so utilities can demonstrate the benefits of their actions through accurate emissions reduction calculations. This aligns with regulations, streamlines reporting processes, and transforms emissions reduction into business opportunities. We actively engage with major water utilities across multiple countries through collaborations, partnerships, and thought leadership. We're not just offering a product but fostering a movement towards cleaner, more sustainable water management practices. We want to extend our reach to industries beyond utilities, such as high-water consumption industries and the public sector, to have a higher impact and catalyse a broader shift towards responsible water stewardship. Our project's potential impact is undeniable. It holds the promise of transforming water management, reducing emissions, and enhancing the health of our planet's freshwater systems. As we continue to refine and expand our solution, we are proud to be at the forefront of the fight against climate change, championing innovation, sustainability, and a more resilient future for all.

Net-zero targets are at enormous risk because hydropower is growing at 1/3 the speed needed to reach our 1.5ºC target to limit global warming. Despite being the largest generator of all renewables at almost 70%, most hydropower development fails to secure climate finance. Only 2% of private capital for renewables flows to the sector. This is because hydropower developers and operators are failing to provide financiers with compelling financial files, particularly regarding GHG emissions and climate change risks. Open Hydro is building a platform for hydropower owners and developers to automate our deep-sector knowledge on carbon emissions and climate change impacts at hydropower projects, and plan how to improve hydropower assets' emissions and resilience. In this way, we resolve investors' concerns that delay the approval of files, reduce the time to make these approvals, and this in turn unlocks new energy capacity at existing and planned utilities. Open Hydro is the much-needed automated solution to ramp up capital flows to hydropower development to meet our 2050 targets.