Today, Houston-based Water Standard Company announced an unprecedented funding commitment from two New York-based investment funds, which were so impressed with the startup's plan that they invested $250 million: that's arguably the largest initial funding in the history of the water industry.
Water Standard's plan is to create a fleet of Seawater Desalination Vessels-- mobile, ship-based water treatment facilities that can churn out 300,000 cubic meters of drinking water per day. Water Standard CEO Amanda Brock explained to me how these ships could end the global water crisis.
It's a truism of the 21st century that water is the new oil. Global warming is already catalyzing droughts throughout China, Australia and now the Western United States (among many other places). At this point, El Paso, Texas gets 40% of its water from so-called "toilet-to-tap" wastewater recycling. Some municipalities are luckier. If you're on a shoreline, you have a limitless supply of ocean water to desalinate. But global warming is the gift that keeps on giving-- in addition to creating further droughts, experts also predict that the severity and number of hurricanes and typhoons will rise over the coming century. Such storms hit hardest on shores, and they have the capacity to knock a coastal desalination plant into the middle of next week.
Brock argues that her ships are a better bet for seawater treatment than conventional shore-based plants. Aside from their ability to get out of the path of a hurricane, the ships are also better at protecting the environment.
Evironmentalist don't much like the land-based facilities because their technology is hazardous to marine life. Those plants have to suck in seawater with so much force that they often trap fish and other marine life in the stream. Needless to say, the fish don't survive the process. But Water Standard says its water intake and discharge systems minimize the technology's impact on marine life.
The full story is at Spectrum Online.