Innovative Public-Private Partnership Creates Reliable Water Supply for Region
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Carlsbad, CA (October 7, 2019) – The Claude “Bud” Lewis Carlsbad Desalination Plant maintains an investment grade rating in the latest report from Fitch Ratings, affirming the plant’s sound financial management and its ability to provide a stable, reliable source of drinking water to the San Diego region.  As the largest, most technologically advanced and energy-efficient desalination plant in the nation, the Carlsbad Desalination Plant’s revenue stability stems from an effective collaboration between Poseidon Water and the San Diego County Water Authority.
 
“We are pleased by the acknowledgement that the Carlsbad Desalination Plant continues to be financially strong,” said Carlos Riva, CEO of Poseidon Water. “The plant is meeting all financial obligations and making debt service payments on schedule. The benefits of the public-private partnership are working exactly as intended to protect the Water Authority and its customers.”

​Carlsbad, Calif. (September 27, 2019) – Poseidon Water is proud to be part of the National Alliance for Water Innovation (NAWI) Team that was selected to receive $100 million in funding from the U.S. Department of Energy (DOE) to establish a new Energy-Water Desalination Hub.  The Hub’s purpose is to advance state-of-the-art technology and research in desalination.  Poseidon is a national leader in the development of water supply and treatment projects using a public-private partnership approach and manages the award-winning Claude “Bud” Lewis Carlsbad Desalination Plant.

Coastal Development Permit Issued for Joint Effort between Poseidon Water and U.S. Fish and Wildlife Service to Restore 125 acres in the Otay River Estuary
 
Carlsbad, Calif. (May 15, 2019) – Poseidon Water, owner and operator of the Claude “Bud” Lewis Carlsbad Desalination Plant, in partnership with the U.S. Fish and Wildlife Service (USFWS), received unanimous approval from the California Coastal Commission last week on a Coastal Development Permit for restoration of the Otay River Estuary in South San Diego Bay.
 
The Otay River Estuary Restoration Project will create, restore and enhance approximately 125 acres of coastal wetlands to benefit native fish, wildlife, and plant species, and to provide habitat for migratory seabirds and shorebirds and salt marsh–dependent species. 

Poseidon Water takes over dredging, plans new intakes and pump station
​SAN DIGO UNION TRIBUNE  -  By PHIL DIEHL
MAY 13, 2019 - CARLSBAD — The company that built and operates the Carlsbad seawater desalination plant took over stewardship of the Agua Hedionda Lagoon this week, the only San Diego County lagoon that allows power boats, kayaks, paddleboards and other recreational and commercial activities.Poseidon Water will be responsible for dredging Agua Hedionda to keep it open and deep enough for public and private uses including a YMCA Aquatic Park, the Hubbs-SeaWorld Fish Hatchery, the Carlsbad Aquafarm shellfish operation and the lagoon foundation’s nature center.