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vly
Valley National Bancorp
NASDAQ: VLY
+0.19 (+1.72%)
10.935
USD
At close at Sep 09, 14:08 UTC
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Valley National Bancorp: Cadiz Partners for Sustainable Water Quality in San Bernardino

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Cashu
about 23 hours ago
Cashu TLDR
  • Valley National Bancorp is not mentioned in the provided content regarding water quality initiatives in San Bernardino County.
  • The focus is on Cadiz Inc.'s partnership to improve groundwater quality and tackle perchlorate contamination.
  • The initiative enhances water supply reliability and promotes sustainable resource management in response to environmental challenges.
vly Logo
VLY
Valley National Bancorp
1.72%

Water Quality Initiative Boosts Groundwater Sustainability in San Bernardino County

In a significant development for water quality management, Cadiz Inc. has partnered with the San Bernardino Valley Municipal Water District and Fontana Water Company (FWC) to tackle perchlorate contamination in the Rialto-Colton Groundwater Basin. This collaboration, which was announced on September 5, 2025, is a vital component of the Cactus Basins Recharge Program. The initiative aims to enhance groundwater replenishment and improve water quality across San Bernardino County, a region increasingly challenged by water scarcity and contamination issues. Cadiz will provide advanced filtration systems through its subsidiary, ATEC Water Systems, specifically designed to treat perchlorate, a harmful chemical often associated with industrial pollution.

The agreement builds on a broader 200,000 acre-foot water supply contract established in 2024 between Cadiz and FWC. Heather Dyer, CEO of the San Bernardino Valley Municipal Water District, underscores the initiative's dual purpose: to enhance water supply reliability and to remediate the environmental impacts of perchlorate contamination. The Cactus Basins Recharge Program stands as a proactive measure to secure sustainable water resources, addressing both immediate and long-term challenges posed by legacy pollutants in the groundwater supply.

Cadiz's CEO, Susan Kennedy, emphasizes the transformative potential of advanced water treatment technologies in unlocking low-cost water supplies for the region. This partnership is not merely about compliance or remediation; it symbolizes a collaborative effort toward sustainable water management. By effectively treating perchlorates, the initiative aims to restore the integrity of the Rialto-Colton Groundwater Basin, ensuring that communities dependent on this water source can rely on clean and safe water for years to come. The strategic alignment between Cadiz and local water authorities reflects a growing commitment to environmental stewardship and sustainable resource management in the face of climate-related challenges.

In related news, Lennar, a prominent homebuilder, has begun sales at Tuxedo Reserve, a major mixed-use community in New York’s Hudson Valley. This development, which spans 1,200 acres, promises a diverse range of housing options and community amenities, further enhancing the living experience for future residents. As the housing market continues to evolve, such developments underscore the interconnectedness of community planning and sustainable resource management, vital for accommodating population growth while preserving environmental quality.

The partnership between Cadiz and the San Bernardino Valley Municipal Water District serves as a model for addressing contemporary environmental challenges, showcasing how innovative solutions can lead to improved water supply reliability and enhanced community resilience.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

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