Clearford Water Systems has won the 2016 Corporate Innovation Award at the 17th Ontario Onsite Wastewater Association conference.
Clearford, the Kanata-based unified water management and sanitation systems provider, was recognized for P4P, its Pay for Performance financing model.
The company employs the Clearford One management system, which efficiently recovers clean water for re-use in distinct networks for non-ingestion. This allows for a community-focused approach which easily lends itself to the P4P model.
“The Pay for Performance financing model is a welcomed innovation to the wastewater infrastructure community,” OOWA president Rick Esselment said in a statement. “By bringing a financing component to the Clearford One packaged solution, Clearford continues to lead in developing innovative decentralized communal wastewater collection & treatment systems in Ontario.”
Clearford One has a 25-year track record of efficiency which allows it to be implemented in various municipalities with total assumption of risk by the private sector. Municipalities are only required to pay for results under the P4P system through monthly per-connection fees.
This process is much cheaper for the customer than the traditional municipally-owned sanitation infrastructure. The award-winning system is also a funding model which is uniquely available to Ontario municipalities.
"We are very pleased to receive this recognition from OOWA for our P4P and Clearford One offerings. We believe this combined offering has a significant role to play in addressing the wastewater infrastructure deficit that currently exists in Ontario," Clearford CEO Kevin Loiselle said in a release.