06/10/2026
Real estate has property managers. Energy has operators. Water never had that layer, so we built it.
On June 1, Water On Demand signed a Master Services Agreement with Gridwater, the mobile water treatment company we hold a 50% stake in. The agreement does two things: it raises capital at the front of every deployment, and it runs operations in the middle, structured the way a property manager wraps a real estate portfolio. That middle layer is recurring, high-margin, and it compounds as the fleet grows. It is also a template, built to extend to every water project the platform organizes next.
Here is the part the market hasn't priced in. Under the One Big Beautiful Bill's expanded QSBS rules, qualifying investors who hold five years and meet Section 1202 can reach a federally tax-free exit. Not deferral. Elimination.
Real estate gives you depreciation and deferral. We think water now has better mechanics than the asset classes it grew up admiring.
Full release: https://waterondemand.com/company-news/water-on-demand-signs-master-services-agreement-with-gridwater-the-blueprint-for-water-as-an-asset-class/