A Massive Step In the direction of Adjustments in Residential Water Conservation
DENVER, Jan. 30, 2023 /PRNewswire/ — Greyter Water Systems Inc., supplier of The Greyter HOME™, a residential greywater reuse system advancing the development and constructing business accomplished a $10m Sequence B spherical. Led by Ferguson Ventures, the Company Enterprise Capital (CVC) arm of Ferguson, a number one North American value-added distributor serving the built-world business, and LENX, the funding arm of Lennar, one of many nation’s main homebuilders, the funding affords Greyter the chance to scale its enterprise to fulfill growing demand from builders for sustainable and water environment friendly houses and communities.
The Greyter HOME is a revolutionary, award-winning equipment that meets the stringent NSF 350 commonplace for residential greywater reuse and may scale back indoor water consumption by as a lot as 25%. This primary-of-its-kind, totally automated system captures water from showers and bathtubs, treats it to a near-potable high quality, and supplies clear, odor-free water to fulfill a house’s toilet-flushing calls for.
Greyter, by teaming up with Ferguson Ventures and LENX, is poised to make nice strides towards altering the way in which water is utilized in residential houses.
With growing stresses on water provide, homebuilders and municipalities are working collectively to scale back water consumption throughout the residence. Greyter has been steadily constructing momentum since its Sequence A closing in early 2020, when it subsequently started integrating the Greyter HOME resolution into residential houses at better scale.
“Over the previous 10 years, we have had an obsessive give attention to growing an answer that manages water extra effectively as a result of it is mindless to flush bogs with ingesting water,” mentioned Mark Gross sales, co-founder and CEO. “By capturing and treating bathe and bathtub water in order that it may be reused to fulfill the calls for of bathroom flushing, the Greyter HOME affords builders and municipalities the one biggest water conservation resolution for the house.
“Ferguson is dedicated to serving to our clients design and construct water-efficient communities,” says Blake Luse, Managing Director of Ferguson Ventures. “We invested in Greyter to speed up the adoption of modern and sustainable options to scale back water consumption. They’ve created a revolutionary product, and collectively we’ll assist the business construct higher, extra environmentally pleasant houses.”
“The significance of incorporating sustainable and logical environmental options into our houses and communities is entrance and heart at Lennar,” mentioned Eric Feder, President of LENX. “Greyter has been a rare companion, and this funding underscores our continued dedication to speed up the power to convey sustainable, water financial savings options to our owners throughout the nation.”
In 2022, Greyter teamed with Ferguson and Lennar to convey the Greyter expertise to 29 owners at Lennar’s Crimson Hawk neighborhood situated in Fort Rock, Colorado. “We commend the city of Fort Rock’s dedication to water conservation and its adoption of Regulation 86, which offered the framework for together with the Greyter HOME resolution inside this neighborhood,” mentioned John Bell, co-founder and CCO. The completion of Crimson Hawk marks the Greyter HOME’s third neighborhood with Lennar.
“We’re extraordinarily excited to see the business serving to to steer the cost on water conservation. Having funding from LENX and Ferguson Ventures continues to validate our modern product and its significance to water sustainability efforts,” mentioned Mark Gross sales co-founder and CEO, “That is additionally a powerful sign that the business is addressing water conservation by guaranteeing that houses and buildings are power environment friendly in addition to water-efficient – the right mixture for a sustainable future.”
About Greyter Water Programs
With pressures on freshwater sources and with the rising prices of water, Greyter’s mission is to work with builders and municipalities to create water environment friendly communities. The Greyter HOME is an award-winning, NSF 350 licensed water recycling system that may assist scale back indoor water consumption in a household residence. Greyter additionally affords business confirmed water reuse options for multi-unit, industrial and industrial buildings. Greyter is a privately held enterprise led by a group with a few years of expertise in providing modern water useful resource administration options to the industrial/industrial and residential market. For extra data on the Greyter HOME and Greyter Water Programs go to www.greyter.com.
About Lennar Company
Lennar Company, based in 1954, is without doubt one of the nation’s main builders of high quality houses for all generations. Lennar builds reasonably priced, move-up and energetic grownup houses primarily below the Lennar model identify. Lennar’s Monetary Providers phase supplies mortgage financing, title and shutting companies primarily for patrons of Lennar’s houses and, via LMF Business, originates mortgage loans secured primarily by industrial actual property properties all through the United States. Lennar’s Multifamily phase is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar’s expertise, innovation, and strategic investments. For extra details about Lennar, please go to lennar.com.
Ferguson plc (NYSE: FERG; LSE: FERG) is a number one value-added distributor in North America offering experience, options and merchandise from infrastructure, plumbing and home equipment to HVAC, fireplace, fabrication and extra. We exist to make our clients’ complicated initiatives easy, profitable and sustainable. Ferguson is headquartered within the U.Ok., with its operations and associates solely targeted on North America and managed from Newport Information, Virginia. For extra data, please go to www.corporate.ferguson.com or comply with us on LinkedIn: www.linkedin.com/company/ferguson-enterprises.
About Fort Rock Water
Fort Rock Water is municipally-owned and supplies three distinct water companies – ingesting water, wastewater and stormwater. Although part of the Metropolis of Fort Rock, the water supplier is funded solely via charges and costs. Having one water supplier for all water service supplies consistency and reliability for service with an built-in strategy for efficiencies. For extra details about Fort Rock Water, please go to www.crgov.com
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SOURCE Greyter Water Programs USA