Parsons: Driving Success for San Diego's Water Future

Parsons Corporation (NYSE: PSN) continues to make significant strides in its involvement with the San Diego Pure Water Program, a pivotal initiative aimed at reducing the city's reliance on imported water and providing a reliable, local, and sustainable water supply. The program, expected to produce 83 million gallons of water per day by 2035, will not only address critical water needs but also advance sustainability efforts.

Parsons, in collaboration with Black & Veatch, has been providing comprehensive construction management services for the North City Pure Water Facility (NCPWF) since 2018. This state-of-the-art advanced water treatment facility, designed to produce up to 34 million gallons of water per day, is equipped with the most advanced controls and monitoring systems to ensure treatment reliability. The NCPWF is a crucial component of Phase 1 of the Pure Water Program, which is set to significantly enhance San Diego's water security and sustainability.

Parsons' commitment to the San Diego Pure Water Program exemplifies its dedication to delivering innovative solutions that enhance community resilience and promote resource conservation. The company's expertise in program and construction management, coupled with its extensive experience in water and wastewater treatment technologies, has positioned it as a trusted partner in implementing conventional and advanced water and wastewater treatment technologies.

The San Diego Pure Water Program's scale and impact on water security position Parsons advantageously for future municipal infrastructure projects. The program's focus on reducing imported water dependency addresses a critical vulnerability in water-stressed regions, particularly relevant as climate change intensifies water scarcity issues. The advanced monitoring systems being implemented suggest potential operational efficiencies and reduced maintenance costs, which could translate to higher project margins.

Parsons' involvement in the San Diego Pure Water Program presents several potential long-term revenue streams and municipal relationships. The program's scale and significance, as well as the advanced water treatment capacity of the North City Pure Water Facility, position Parsons advantageously in the growing water infrastructure sector. As municipalities increasingly focus on water security and sustainability initiatives, Parsons' involvement in the Pure Water Program can attract ESG-focused institutional investors, further expanding its revenue streams.

The 50% reduction in ocean discharge achieved through the San Diego Pure Water Program contributes significantly to Parsons' environmental credibility and can attract ESG-focused investors. This reduction in ocean discharge represents a substantial positive impact on ocean ecosystems, promoting responsible water reuse and contributing to healthier ocean environments. This aligns with increasing regulatory pressure for municipalities to reduce ocean pollution and develop sustainable water management solutions.

In conclusion, Parsons Corporation's continued success in the San Diego Pure Water Program demonstrates its commitment to delivering innovative solutions that enhance community resilience and promote resource conservation. The program's scale, impact on water security, and potential long-term revenue streams position Parsons advantageously for future municipal infrastructure projects. The 50% reduction in ocean discharge further strengthens Parsons' environmental credibility and can attract ESG-focused investors, solidifying its position in the growing sustainable infrastructure market.