New Technology Development of the Year - Software, Northeast 2016

Awarded to: Sourcewater


Judges Comments

“Smart online marketplace tool enabling producers to share, reduce and/or re-use recycled water within the energy eco- system.”

“Intuitive system that provides a platform for the exchange of water. Energy companies and service providers alike can buy, sell and market their water.”

Corporate Overview

Sourcewater (www.sourcewater.com), a spinout from MIT, is the water exchange for the energy ecosystem. We have created the first online exchange for sourcing, transporting, recycling and disposing of water for oil and gas production, a $50 billion U.S. market. Our marketplace enables energy companies to minimize their single largest operating cost, water management, ensure a reliable mission- critical water supply chain, and reduce the environmental and community impacts of energy production through shorter hauling distances, increased wastewater recycling and non-freshwater use. For water sellers and service providers, Sourcewater offers a marketing platform that reduces cost of sales and maximizes utilization and profitability.

Sourcewater launched in the Appalachia region in April 2015 and has already registered over 150 companies as users including a majority of the leading E&Ps in the northeast region. About one billion barrels of water are now available for purchase or recycling on Sourcewater.com.