Energy and Water Development (OTCMKTS:EAWD) is an expert in Off Grid-powered Atmosphere Water Generation (AWG). It announced on August 31, 2022, considerable improvements in the efficiency of its patent-filled technology. The company can generate nearly 40,000 gallons of water per day from the air with its largest units. It is adequate for providing water to 125 homes every day independent of any groundwater source. The best part is there is no harm caused to the environment!
Trading Data
On Wednesday, EAWD stock gained 3.25% to $0.0730 with more than 347.26K shares, compared to volume of 91.17K shares. The stock moved within a range of $0.0675 – 0.0799 after opening trade at $0.0746.
EAWD Significantly Improves Its Life-Changing Off Grid Atmosphere Water Generation Technology
EAWD’s upgraded technology uses less than 100 watts to generate a liter of water which can easily be supplied via solar power. As per recent tests in its lab in Rellingen, Germany, the smallest EAWD off-grid water generation system was able to generate around 300 liters of water per hour at 40% humidity and an air temperature of 11 C (52 F).
This development comes at a crucial time when climate change is having a massive impact on lakes and rivers. Water scarcity is affecting everyone in cities, towns, and rural communities on every continent. EAWD already has various community-scale water generation projects under development in Germany and Mexico, where multiple solar-powered AWGs would produce as much as 2.6 million gallons per day for residential, commercial, and industrial use.
This game-changing technology is slowly being scaled up, while negotiations are ongoing for signing several agreements to provide the off grid with self-sufficient-powered atmosphere water generators worldwide.
Key Quote
“We know that water scarcity is a critical and growing issue that does not discriminate,” said EAWD CEO, Irma Velazquez, ” Everyone, anywhere, is entitled to clean, abundant drinking water, and our improved off-grid atmosphere water generation systems can help communities provide an unlimited source of fresh water without drawing any power from the grid, even in the most severely drought-stricken areas.”
Technical Data
EAWD stock is trading below the 50-Day and 50-Day Moving averages of $0.0888 and $0.1071 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0227. The company has a total market capitalization of $12.77 million.
