Some encouraging news from Ondo, as they trial the Leakbot gadget;
Ondo InsurTech Plc (“Ondo”), the London-listed leader in claims prevention technology for home insurers, released the results from its Portsmouth Water Pilot today. In the Portsmouth Water trial, 24% of houses that installed a LeakBot had a pre-existing leak. After 6 months only 10% of houses had a leak – a 60% reduction in the number of leaks. Following the successful trial, Portsmouth Water is considering a wider rollout to reduce in-home consumption.
Bob Taylor, Portsmouth Water CEO says: “The trial was a great success with high levels of customer engagement from day 1. We were pleasantly surprised to see that LeakBot could reduce leaks by 60% in just 6 months and there’s an opportunity to further reduce consumption through LeakBot’s high usage alerts. We’re now considering a wider rollout as part of our strategy to prevent and resolve leakage.”
If LeakBot were installed in all 20m UK houses, Ondo management believe it would be possible to achieve a saving of over 700 megalitres per day – helping the UK to meet its stretching water efficiency goals in the coming years. Additionally, LeakBot data suggests leakage on a national basis is even higher with 30% of houses having a pre-existing leak – equivalent to the average house wasting around 40 litres per day.
Craig Foster, Ondo CEO, says: “The findings for Portsmouth Water supported what we see in the data across the UK, which shows that we could achieve most if not all of Ofwat’s 36 litre per day consumption reduction target in houses in England and Wales. We look forward to progressing conversations with Portsmouth Water about next steps and presenting the full findings to other UK water companies today.”
The results are being shared today at 10am with Water Companies across England and Wales at the Spring Innovation Knowledge Showcase. Presenting alongside representatives from Ondo are also the CEO of Portsmouth Water Bob Taylor and Ofwat Director of Policy and Outcomes Beth Corbould. Ofwat have created an innovation fund of up to £100m to encourage solutions that can drive water efficiency in England and Wales from 2024 onwards.