Gradiant reports growth despite COVID-19

The company has won 26 new projects across Asia-Pacific

Gradiant, and end-to-end cleantech water treatment solutions provider, has secured 26 new projects in 2021 year-to-date (YTD) across the Asia-Pacific region. Four of the projects will be delivered as designed-build-own-operate-manage (DBOOM) contracts for long-term concession periods of up to 20 years.

The new contracts in 2021 YTD are a mix of clients in the industrial, municipal, and government sectors, including multinational brand owners. Eighteen of the 26 new projects in 2021 YTD are with new clients that have selected Gradiant for the first time to address their complex water challenges. New applications for Gradiant’s technologies this year have been in lithium mining, semiconductor fabrication, and high complexity industrial wastewater reuse.

Prakash Govindan, co-founder and COO of Gradiant, said: “We have adapted to the evolving needs of the market by taking on new clients to penetrate new strategic COVID-resistant market segments in semiconductors, mining, and personal protective equipment (PPE). Facilities equipped with Gradiant’s SmartOps asset management and remote monitoring and control systems continue to produce mission-critical water during the COVID-related travel and access restrictions. Since the onset of the pandemic in early 2020 until today, Gradiant has been awarded 56 new projects, delivering a total contract value of over US$514 million.”

Gradiant is committed to the Asia-Pacific region. Almost all of the company’s growth in 2021 YTD has been in Asia-Pacific, where the region’s rapid urbanisation and population growth have been driving the development of clean and sustainable technologies. It won new contracts to build facilities for the first time in Indonesia, Vietnam, and even Antarctica.

Luke Johnson, CFO of Gradiant, concluded: “Growth remains consistently strong across our strategic market segments in semiconductors, mining, and pharmaceuticals, and our new contract wins support the market’s sustained demand for cleantech solutions and DBOOM concession agreements.

“We have proven this year that our acquisitions of Sigma Water and CRS Water in 2020 created synergies to access new customers, applications, and geographies, when married to Gradiant’s clean water technologies and project development and financing capabilities.”