The ITER Neutral Beam Test Facility (NBTF) is hosted in Padua and includes two experiments: MITICA, the 1 MeV full-scale prototype of the ITER HNB injector, and SPIDER, the 100 keV full-size ITER Radio Frequency (RF) negative ion source. SPIDER and MITICA experiments are actively cooled by Ultrapure Water (UPW) to electrically insulate in-vessel components that are biased to high voltage levels. Water conductivity is an important monitored parameter to ensure components' insulation by limiting the leakage current of active cooled equipment. A very low conductivity water is especially important in MITICA, where components need to operate up to 1 MVdc, an insulation level beyond the actual industrial standard. Careful selection of suitable materials for any in-vessel (vacuum insulation) and out-vessel component (air insulation) is of utmost importance, as their interaction with water and different environment may affect their chemical and mechanical properties. Additionally, materials selection can severely influence water chemical characteristics: cooling circuits are made of metals (copper, aluminium, steel) and insulating materials (plastic, rubber) when connecting parts at different electric potentials.During the first years of cooling plant exploitation, it was shown that water degrades more quickly than estimated by design. The Primary Circuits (PCs) that showed the most severe water degradation during operation are SPIDER and MITICA power supply ones, respectively called PC01 and PC08. This paper describes the results of specific experimental tests performed on MITICA PC08 to evaluate possible causes of water degradation and detect sources of contaminants that might compromise future experimental campaigns. The cooling circuit was subdivided in different sections and water circulation tests were performed at constant temperature and flowrate. Water samples were collected and Inductively Coupled Plasma Mass Spectrometry (ICP-MS) analyses were performed to quantify the type and amount of metals released. Moreover, components samples collected along their cooling circuits were characterized by Scanning Electron Microscope (SEM) technique to detect undesired contaminants and immersed in UPW to study their corrosion behaviour using metal release tests.