SOURCE Global hydropanels
Source: SOURCE Global Twitter

SOURCE Global Isn’t Publicly Traded, but Its Tech Will Be in High Demand


Mar. 29 2022, Published 6:04 a.m. ET

Microsoft co-founder Bill Gates is among the leading private investors in emerging industries, with companies that address climate change high on his list of priorities. Gates's investment in SOURCE Global has drawn investors' attention. Does SOURCE Global have stock, and is it publicly traded?

Article continues below advertisement

SOURCE Global makes hydropanels, which make water through air and sunlight, similar to how solar panels generate electricity. Cody Friesen is SOURCE's current CEO.

Cody Friesen founded SOURCE Global

Friesen created hydropanels at Fulton Schools of Engineering at Arizona State University, which he has been associated with for over 17 years now. He did a BSc in materials science and engineering there before completing a PhD at MIT.

Article continues below advertisement
source global bottled water
Source: SOURCE Global Twitter

SOURCE Global doesn't have stock and isn't publicly traded

SOURCE Global is currently a privately held company. As a result, it doesn't have stock and retail investors can't invest in the company. Given the scarcity of and need for pure-play water technology companies, it might go public in the future, though it hasn't shared any plans for listing.

Article continues below advertisement

How do SOURCE Global’s hydropanels work?

According to SOURCE, its hydropanels are “a one-of-a-kind renewable water technology that uses the power of the sun to extract clean, pollutant-free drinking water from the air.” The water collected is then mineralized for taste.

how to invest in source global
Source: SOURCE Global Twitter
Article continues below advertisement

The company has three business lines: residential, commercial, and bottled water. The commercial business focuses on institutional customers such as schools and hospitality services, while the residential business focuses on retail customers.

According to SOURCE, each hydropanel needs a minimum of six by 10 feet of southeast-facing space and can support 340 pounds of water. The panels cost around $2,000 each. So far, the company has had 450 projects in over 50 countries.

Article continues below advertisement

SOURCE Global's valuation and investors

Lightsmith Group, BlackRock, Duke Energy, and Bill Gates’s Breakthrough Energy are among SOURCE’s investors. The company has raised $150 million from private investors.

Article continues below advertisement

The outlook for water companies looks bullish

Water is in short demand. India, for instance, is home to one-sixth of the world's population but only 4 percent of its freshwater. It's estimated that almost two-thirds of the world's population will face water scarcity by the middle of this decade.

global water scarcity
Source: SOURCE Global Twitter
Article continues below advertisement

(Michael Burry of The Big Short fame was also bullish on water. In 2020, CME Group launched water futures linked to the California spot water market.)

SOURCE Global looks like an attractive investment opportunity. Climate change and extreme weather conditions are now more of a reality, and water shortages might only get worse over the next decade.


Latest Company & Industry Overviews News and Updates

    Market Realist Logo

    © Copyright 2022 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.