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The Water Industry is at the threshold of a profound transformation with smart operations slated to dominate the future. PROTEUS Consulting is defining Water-Energy Nexus 2.0 - beyond reduction of water and energy footprints by the respective industries, towards collaboration, solving common problems and attaining win-win solutions. We ensure consistent progress towards identification of technology and resources that will provide maximum return on investment to not only achieve energy efficiency, but also develop synergistic relationships between water and energy utilities towards a common goal of providing sustainable and fiscally responsible services to the communities they serve. While PROTEUS Consulting works to help municipal clients achieve benefits from traditional energy efficiency (EE) and Demand Response (DR) programs, we are currently working with CPUC, CEC, CalISO, CalEPA, and the IOUs to establish a groundbreaking program to allow water utilities leverage their flexibility in operations and capacity to help balance the grid (as a fast responding flexible load) and in turn receive a revenue stream that is independent of the volume of sales of water.