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Subsequent events
3 Months Ended
Mar. 31, 2022
Subsequent events  
Subsequent events

11. Subsequent events

On May 10, 2022, the Company signed a definitive agreement with the WAC for its planned seawater reverse osmosis plant in George Town, Grand Cayman. The Company will design, construct and commission the plant over approximately the next 18 months and then sell the facility to the WAC. The Company will subsequently operate and maintain the plant and produce water for the WAC for the next 10 years after commissioning. The plant will produce up to 2.64 million gallons of potable water per day for the WAC using two independent reverse osmosis trains.

The Company evaluated subsequent events through the time of the filing of this report on Form 10-Q. Other than as disclosed in these condensed consolidated financial statements, the Company is not aware of any significant events that occurred subsequent to the balance sheet date but prior to the filing of this report that would have a material impact on its condensed consolidated financial statements.