Global Water Scarcity and Desalination Demand: Increasing global water scarcity directly drives demand for CWCO's services and technology, especially in regions with limited freshwater resources.

Inflation and 'Higher for Longer' Interest Rates: Elevated inflation and central banks maintaining 'Higher for Longer' interest rates can impact the cost of materials and financing for CWCO's infrastructure projects. While regulated utilities may pass on some costs, higher rates increase debt servicing expenses.

Geopolitical Instability and Supply Chain Disruptions: Geopolitical events, such as the Iran War escalation and the Strait of Hormuz closure, can impact energy prices (critical for desalination) and potentially disrupt global supply chains for equipment and materials, affecting project timelines and costs.