Xylem Inc. (NYSE: XYL), a leading global water technology company, and LORENTZ, the German solar water pump manufacturer, today announced they will enter into a distribution agreement to expand the availability of solar-powered pumping systems, globally. These sustainable pumping solutions are commonly used in agriculture, irrigation and drinking water applications, enabling water managers to address decarbonization goals while reducing operating costs.
Climate-related droughts and severe weather events have increased stress on water supplies, putting pressure on communities to both secure supply and decarbonize energy-intensive systems. Solar-based pumping technology uses renewable energy to deliver reliable, sustainable water at lower cost, even in remote locations.
This partnership will extend and strengthen Xylem’s and LORENTZ’s respective sustainable pumping offerings. Under the agreement, Xylem will harness the power of both companies’ solutions. LORENTZ will supply Xylem with solar-powered and solar/grid hybrid pumping systems. In addition, LORENTZ technology will be used to augment solutions in Xylem’s existing portfolio, and the companies will collaborate to develop new Xylem products. Both companies will continue to serve their respective market segments and maintain their existing distribution networks.
“Innovative technologies offer new ways to protect and optimize water while reducing greenhouse gas emissions. LORENTZ’s technology is a perfect example. This collaboration provides our customers with new sustainable pumping solutions as they strive to decarbonize and deliver cost-effective, efficient and resilient water management,” said Franz Cerwinka, Senior Vice President, President, Applied Water Systems and Business Transformation, Xylem.
“Moving liquids is a very energy-intensive activity. By harnessing solar power and solar/grid hybrid connections, we can help customers reach their sustainable energy goals using renewable energy. We are excited to join with Xylem to help accelerate the water sector’s progress towards net zero,” said Bernt Lorentz, founder and chief executive of LORENTZ.
The distribution agreement excludes the Australia market.
