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Cyprus Bets On EU-Funded Project To Solve Water Scarcity

A groundbreaking European initiative is poised to address Cyprus’ longstanding water challenges. Backed by Horizon 2030 and uniting 39 partners—including the Department of Water Development and the Larnaca Sewerage Board—the Water-Mining project is redefining the potential of desalinated water in drought-prone regions.

Turning Desalination Into A Sustainable Solution

Cyprus relies heavily on desalination, with approximately 70% of its drinking water sourced from these facilities. However, the process is energy-intensive and produces significant brine waste. Enter the Water-Mining project, which leverages innovative scientific methods to transform this byproduct into valuable industrial materials—reducing waste, cutting energy consumption, and increasing the island’s overall water availability.

One of the key figures behind this initiative is Associate Professor Demetris Xevgenos from the Technical University of Delft, who serves as the project’s executive coordinator. He recently presented the results in Lampedusa, Italy—an island entirely dependent on desalination—with overwhelmingly positive feedback. Now, Cyprus is next in line for evaluation and implementation.

From Concept To Implementation

The project, already scientifically advanced, was showcased in Nicosia last November to key stakeholders. The next phase involves a European-level evaluation, with plans to launch the initiative at the Cyprus Electricity Authority’s Vasiliko site. While tendering and commercial management discussions are ongoing, this initiative represents a major step forward in optimizing desalination efficiency.

As climate change intensifies, initiatives like water mining could become essential in securing Cyprus’ water future, ensuring that the island maximizes every drop of its most precious resource.

Google Escalates Capital Outlay Amid Surge in Cloud Demand

Robust Investment Strategy To Power AI Innovation

Alphabet Inc. has significantly revised its capital spending forecast for 2025, allocating an additional $10 billion to accommodate the burgeoning demand for its Cloud services. This strategic move reflects the company’s proactive approach to expanding its infrastructure, particularly in light of the accelerated adoption of AI-powered solutions.

Expanding Infrastructure To Meet Unprecedented Demand

In its second quarter earnings report, Alphabet highlighted a sharp increase in cloud revenues—up 32% to $13.6 billion. This surge has precipitated a $106 billion service backlog, as noted by Finance Chief Anat Ashkenazi during the post-earnings call. The majority of the additional capital expenditure is earmarked for enhancing technical infrastructure, with investments focused on servers and data center networking equipment. The company’s renewed forecast now stands at approximately $85 billion in capital expenditures for 2025, up from the previously projected $75 billion.

Strategic Expansion Amid A Tight Supply Environment

Ashkenazi pointed out the challenges posed by a tight supply environment, emphasizing that the accelerated pace of server deployments and data center construction is essential to keeping pace with client demand. As Google continues to enhance capacity quarter-by-quarter, further increased capital spending is anticipated in 2026 to capitalize on emerging growth opportunities across the organization.

Implications For Future Profitability

While these significant investments will position Google at the forefront of AI and Cloud technology, they also imply a measurable increase in expenses, potentially affecting short-term profitability. Nevertheless, this forward-looking expansion underscores Alphabet’s commitment to sustaining its competitive edge in a rapidly evolving technological landscape.

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