logo
The Water Council Expands Water Stewardship Programming

The Water Council Expands Water Stewardship Programming

MILWAUKEE, March 19, 2025 /3BL/ - The Water Council announced an expansion today of its groundbreaking water stewardship verification program, WAVE.
WAVE: Action will help organizations set targets that directly mitigate highest priority water risks and prepare to engage stakeholders in collaborative actions that address shared challenges and opportunities. It builds on the original WAVE program, now known as WAVE: Assess, which helps organizations assess water use, impact and risk across their enterprise.
'We created WAVE because we knew companies needed help getting started on their water stewardship journeys,' said Matt Howard, The Water Council vice president of water stewardship. 'Now we are excited to help companies take the next step to set targets and achieve meaningful water-related outcomes.'
WAVE: Assess is the world's first enterprise-wide, independently verified water stewardship program, launched by The Water Council in February 2022. WAVE: Action is a separate verification program available to companies that have completed WAVE: Assess or can show that they have already assessed their water risks and opportunities and created a senior-level water commitment.
Participants go through a four-step methodology to implement high-priority actions, set enterprise-wide targets, prepare for external reporting and identify collaboration opportunities. As in WAVE: Assess, all WAVE: Action participants will undergo an independent verification process with SCS Global Services, an international leader in third-party verification of environmental, social and sustainability performance.
'SCS is proud to expand its verification services to include WAVE: Action', said Lauren Enright, program manager for water services at SCS Global Services. 'Independent verification is essential to ensure water stewardship targets are meaningful, measurable and aligned with best practices. WAVE: Action represents an important evolution in corporate water stewardship, helping companies move from assessment to implementing tangible solutions that address critical water challenges.'
WAVE: Action is being launched with A. O. Smith Corporation, a leading manufacturer of residential and commercial water heaters, boilers and water treatment solutions, as its first participant. A. O. Smith pilot tested WAVE: Assess and became one of the first companies to be verified to the program in 2022.
In 2024, A. O. Smith announced its first public water goal – annual water savings of 40 million gallons by 2030. To achieve that goal, the company will focus on administrative controls, process optimization and water recycling technologies to advance its commitment to water stewardship.
'As a global water technology company, we are committed to taking action consistent with the assessment and priorities identified in the WAVE program,' said Jim Stern, A. O. Smith executive vice president. 'WAVE: Action will provide the necessary framework to develop strategies that will help achieve our goals, and the verification process will ensure our program accomplishes meaningful and measurable outcomes.'
Seven companies have achieved WAVE: Assess verification since its launch in 2022: A. O. Smith, Clearwater Paper, Ecolab, KPMG U.S., Primo Brands, Sloan and Watts Water Technologies.
'WAVE: Assess was always meant to be a beginning, not an end, to a company's water stewardship work,' Howard said. 'We expect many of these companies to eventually move on to WAVE: Action as they continue on their journeys to achieve water stewardship best practices and help protect our critical water resources.'
Visit waveverified.com to learn more about WAVE: Assess and WAVE: Action.
About The Water Council
The Water Council (TWC) is a global hub dedicated to solving critical water challenges by driving innovation in freshwater technology and advancing water stewardship. Built on more than a century of water innovation, TWC has coalesced one of the most concentrated and mature water technology clusters in the world from its headquarters at the Global Water Center in Milwaukee, Wis., USA. Recognizing the need for smarter and more sustainable use of water worldwide, TWC also promotes water stewardship as a natural complement to water innovation in the effort to preserve freshwater resources in the Midwest and around the world. Today, The Water Council has established itself as a global leader in the water industry and one of America's premier economic development clusters as recognized by government agencies, Brookings and the Harvard Business School.
About SCS Global Services SCS Global Services is a global leader in third-party environmental and sustainability verification, certification, auditing, testing, and standards development. Its programs span a cross-section of industries, recognizing achievements in climate mitigation, green building, product manufacturing, food and agriculture, forestry, consumer products, and more. Headquartered in Emeryville, California, SCS Global Services has representatives and affiliate offices throughout the Americas, Asia/Pacific, Europe and Africa. Its broad network of auditors are experts in their fields, and the company is a trusted partner to companies, agencies and advocacy organizations due to its dedication to quality and professionalism. SCS Global Services is a chartered Benefit Corporation, reflecting its commitment to socially and environmentally responsible business practices. For more information, visit www.scsglobalservices.com.
About A. O. Smith Corporation
With over 150 years' experience, A. O. Smith Corporation, headquartered in Milwaukee, Wisconsin, is a global leader applying innovative technology and energy-efficient solutions to products manufactured and marketed worldwide. Listed on the New York Stock Exchange (NYSE: AOS), the company is one of the world's leading manufacturers of residential and commercial water heating equipment and boilers, as well as a manufacturer of water treatment products. For more information, visit .
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

This Quantum Computing Stock Just Made an AI Breakthrough
This Quantum Computing Stock Just Made an AI Breakthrough

Yahoo

time2 days ago

  • Yahoo

This Quantum Computing Stock Just Made an AI Breakthrough

Key Points The unique capabilities of quantum computers could accelerate the evolution of artificial intelligence (AI). In a bid to advance the AI field, D-Wave Quantum developed a new tool kit integrating AI with quantum devices. Sales of D-Wave's tech delivered $18.1 million, a 289% year-over-year increase through the first half of 2025. 10 stocks we like better than D-Wave Quantum › Artificial intelligence (AI) is a hot sector with forecasts predicting the market to grow from $244 billion in 2025 to over $800 billion by 2030. This astounding growth could be supercharged by the advent of quantum computers. Quantum machines possess the ability to complete intricate calculations that surpass the capacities of classic computers. Marrying quantum devices with AI opens up new possibilities not attainable today. That's what makes the release of AI tools by D-Wave Quantum (NYSE: QBTS) a significant development. The tool set enables integration with D-Wave's quantum computers. Does this melding of AI and quantum tech suggest D-Wave stock is worth investing in? To assess the opportunity, let's look into what the company is doing and whether now is the time to buy shares in D-Wave. Details of D-Wave's new AI features On Aug. 4, D-Wave rolled out new tools allowing AI software developers to experiment with its quantum computer processors. This tool kit integrates the company's quantum systems with PyTorch, a framework for building AI models that has become a leader in the space. D-Wave's tools provide a PyTorch neural network module, enabling the development and training of AI models using a quantum computer. Today, these models require massive computational power and energy. As a result, the cost to build AI is escalating. According to Dr. Alan Baratz, CEO of D-Wave, "Quantum computing's integration with AI and machine learning could offer scalable, energy-efficient solutions to address these issues and potentially offer enhanced AI capabilities." The company is already working with customers to advance the use of AI with quantum machines. For instance, it's partnering with the pharmaceutical division of Japan Tobacco to combine quantum systems and AI in the drug-discovery process. The impact of D-Wave's tech on financial performance Delivering the ability of quantum computers to assist with AI development is an impressive milestone. But how have D-Wave's technological advances helped the company? Through the first half of 2025, D-Wave's sales have skyrocketed 289% year over year to $18.1 million. Its Japan Tobacco partnership is an example of broader customer demand, as orders in the Asia-Pacific region have grown 83% over the past 12 months. Clients in the area seek to apply D-Wave's quantum tech to AI and other business challenges. As a result, the company is holding its first quantum computing conference in Tokyo on Sept. 17. Moreover, D-Wave's gross margin ticked up to 63.8% in the second quarter from 63.6% in the prior year. You want to see gross margin steadily rise, as it means the company is improving cost management and thereby growing gross profit, which improved 42% year over year for D-Wave to $2 million off $3.1 million in Q2 sales. However, D-Wave doesn't operate a profitable business. Its Q2 loss from operations reached $26.5 million, up from a loss of $18.8 million in 2024, as research and development costs grew more than 50% year over year to $12.7 million. The increase in D-Wave's expenses are to be expected, since developing cutting-edge technology is not easy -- or cheap. In fact, many tech companies operate at a loss for years as they pour earnings into building up their businesses. So D-Wave's situation is not uncommon. In addition, the company has amassed a sizable war chest of $819.3 million in cash and equivalents at the end of Q2. This brought Q2 total assets to $843.6 million versus total liabilities of $149.3 million. The solid balance sheet funds operations in the short term while the company ramps up sales and seeks strategic acquisitions. Evaluating whether to invest in D-Wave stock Do these factors mean now is the time to invest in D-Wave stock? One consideration is share-price valuation. This can be assessed using the price-to-sales (P/S) ratio, which measures how much investors are willing to pay for every dollar of revenue generated over the trailing 12 months. The chart shows D-Wave's P/S multiple has gone up since it plunged in April along with the broader stock market due to President Trump's aggressive tariff approach. As of Aug. 15, it's near previous peaks, suggesting D-Wave shares are pricey. The other consideration is that quantum computers suffer challenges that prevent them from becoming scalable and cost effective. These devices use atomic particles to perform computations, but the particles are sensitive to the slightest environmental disruption, such as vibrations or temperature fluctuations. D-Wave is working to overcome these challenges but so are its many competitors, and it could take years to solve the issues. As a result, investing in D-Wave is only for those with a high risk tolerance. A judicious approach is to wait for D-Wave's share price to drop before deciding to buy. Should you buy stock in D-Wave Quantum right now? Before you buy stock in D-Wave Quantum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and D-Wave Quantum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,466!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,633!* Now, it's worth noting Stock Advisor's total average return is 1,077% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This Quantum Computing Stock Just Made an AI Breakthrough was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

QBTS Secures $819M Cash War Chest for Future R&D: Upside Ahead?
QBTS Secures $819M Cash War Chest for Future R&D: Upside Ahead?

Yahoo

time2 days ago

  • Yahoo

QBTS Secures $819M Cash War Chest for Future R&D: Upside Ahead?

While D-Wave Quantum's QBTS top line is advancing steadily, the real focus of investors is on its balance sheet. D-Wave closed the second quarter with a record $819 million in cash, up more than 1,900% from a year ago and 169% sequentially. More than $500 million was raised during the quarter, primarily from an at-the-market equity offering and warrant exercises, giving the company its strongest liquidity position ever. D-Wave management emphasized that this capital will not only accelerate R&D, advancing systems like Advantage2 and the 100,000-qubit roadmap with NASA Jet Propulsion Laboratory (JPL) but also expand fabrication capacity, support global sales growth and provide flexibility for strategic acquisitions. In effect, the strengthened balance sheet positions D-Wave to scale both technologically and commercially, while also pursuing inorganic growth opportunities. On the innovation front, D-Wave advanced its Advantage2 quantum computer with higher connectivity, coherence and energy scale, enabling the first real-world quantum supremacy demo in materials simulation. It also expanded into quantum AI with a PyTorch toolkit, already adopted by Japan Tobacco and Triumph. Commercial traction continues to grow, with new contracts and renewals from GE Vernova, Nikon, NTT Data, NTT DOCOMO and Sharp, alongside partnerships with Oxford, UK's National Quantum Computing Centre and a new South Korea MOU with Yonsei University and Incheon City. Competitors Too Creating War Chest IonQ IONQ is optimistic about strategic acquisitions, including Oxford Ionics, Lightsynq and Capella, which are expected to strengthen its roadmap. Despite the company incurring a net loss from higher expenses, a $1 billion equity raise boosted cash, giving IonQ the resources to accelerate R&D, expand and push into quantum networking and sensing. Rigetti Computing RGTI, on the technology front, hit a key milestone by unveiling the industry's largest multi-chip quantum computer and achieving 99.5% two-qubit gate fidelity, paving the way for a 100+ qubit system by 2025-end. A $350 million at-the-market equity raise in the second quarter lifted liquidity to $571.6 million with no debt, providing a solid base for continued development and strategic moves. In August so far, shares of D-Wave have underperformed Rigetti and IonQ. Month-to-Date QBTS Share Comparison Image Source: Zacks Investment Research Average Target Price for QBTS Suggests Near-Term Upside Based on short-term price targets offered by 10 analysts, D-Wave Quantum's average price target represents an increase of 24.6% from the last closing price of $17.01. Image Source: Zacks Investment Research D-Wave Quantum currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report IonQ, Inc. (IONQ) : Free Stock Analysis Report Rigetti Computing, Inc. (RGTI) : Free Stock Analysis Report D-Wave Quantum Inc. (QBTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio

QBTS Secures $819M Cash War Chest for Future R&D: Upside Ahead?
QBTS Secures $819M Cash War Chest for Future R&D: Upside Ahead?

Yahoo

time2 days ago

  • Yahoo

QBTS Secures $819M Cash War Chest for Future R&D: Upside Ahead?

While D-Wave Quantum's QBTS top line is advancing steadily, the real focus of investors is on its balance sheet. D-Wave closed the second quarter with a record $819 million in cash, up more than 1,900% from a year ago and 169% sequentially. More than $500 million was raised during the quarter, primarily from an at-the-market equity offering and warrant exercises, giving the company its strongest liquidity position ever. D-Wave management emphasized that this capital will not only accelerate R&D, advancing systems like Advantage2 and the 100,000-qubit roadmap with NASA Jet Propulsion Laboratory (JPL) but also expand fabrication capacity, support global sales growth and provide flexibility for strategic acquisitions. In effect, the strengthened balance sheet positions D-Wave to scale both technologically and commercially, while also pursuing inorganic growth opportunities. On the innovation front, D-Wave advanced its Advantage2 quantum computer with higher connectivity, coherence and energy scale, enabling the first real-world quantum supremacy demo in materials simulation. It also expanded into quantum AI with a PyTorch toolkit, already adopted by Japan Tobacco and Triumph. Commercial traction continues to grow, with new contracts and renewals from GE Vernova, Nikon, NTT Data, NTT DOCOMO and Sharp, alongside partnerships with Oxford, UK's National Quantum Computing Centre and a new South Korea MOU with Yonsei University and Incheon City. Competitors Too Creating War Chest IonQ IONQ is optimistic about strategic acquisitions, including Oxford Ionics, Lightsynq and Capella, which are expected to strengthen its roadmap. Despite the company incurring a net loss from higher expenses, a $1 billion equity raise boosted cash, giving IonQ the resources to accelerate R&D, expand and push into quantum networking and sensing. Rigetti Computing RGTI, on the technology front, hit a key milestone by unveiling the industry's largest multi-chip quantum computer and achieving 99.5% two-qubit gate fidelity, paving the way for a 100+ qubit system by 2025-end. A $350 million at-the-market equity raise in the second quarter lifted liquidity to $571.6 million with no debt, providing a solid base for continued development and strategic moves. In August so far, shares of D-Wave have underperformed Rigetti and IonQ. Month-to-Date QBTS Share Comparison Image Source: Zacks Investment Research Average Target Price for QBTS Suggests Near-Term Upside Based on short-term price targets offered by 10 analysts, D-Wave Quantum's average price target represents an increase of 24.6% from the last closing price of $17.01. Image Source: Zacks Investment Research D-Wave Quantum currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report IonQ, Inc. (IONQ) : Free Stock Analysis Report Rigetti Computing, Inc. (RGTI) : Free Stock Analysis Report D-Wave Quantum Inc. (QBTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store