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AWK American Water Works

129.93
3.98 (3.16%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
American Water Works NYSE:AWK NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  3.98 3.16% 129.93 128.85 127.215 127.82 1,735,770 01:00:00

American Water Innovates with Geothermal Pilot

14/07/2015 7:14pm

Business Wire


American Water Works (NYSE:AWK)
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From May 2019 to May 2024

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A new American Water (NYSE: AWK) research and development pilot could transform traditional geothermal systems and introduce a new application in renewable energy. The largest publicly traded U.S. water and wastewater utility company announced today that its subsidiary in New York is piloting a geothermal innovation to heat and cool larger buildings.

“American Water is taking a creative approach to traditional geothermal and developing a new application that will lower energy costs and reduce a building’s carbon footprint,” said William M. Varley, senior vice president of American Water’s Northeast Division. “We are providing heating and cooling for a 40,000-square-foot school without utilizing fossil fuel in the winter months.”

The American Water geothermal system at the William L. Buck Elementary School in Valley Stream, N.Y., uses the thermal properties of the water as it passes through a heat exchanger. The American Water geothermal system is a departure from traditional geothermal – which has been in existence since the 1950s – by eliminating the need to drill over a hundred deep geothermal boreholes, thereby significantly reducing initial construction costs. During this phase of the pilot program, after the water passes through the heat exchanger, it is returned to the aquifer via a diffusion well.

Temperatures in each classroom can be individually controlled, and with the American Water geothermal system in operation, administrators, teachers and students have a much more comfortable learning environment. For the first time ever, the William L. Buck Elementary School can be cooled in summer, enabling the school district to relocate summertime programs and events to the facility.

Construction of the geothermal system began in September 2014 with crews working at night without any disruption to student learning. By February 2015, duct work was complete, the heating and cooling geothermal console units had been installed in each classroom, and the system was put into service.

About American Water

Founded in 1886, American Water (NYSE: AWK) is the largest and most geographically diverse publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs 6,400 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 47 states and Ontario, Canada. More information can be found at www.amwater.com.

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American WaterDenise Venuti Free, 856-309-4690denise.free@amwater.comExternal Communications Manager

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