Emefcy Receives Investment
Emefcy Ltd, a Caesarea Industrial Park, Israel-based company developing a technology to turn wastewater treatment from a huge energy drain to an electricity generator, has received an investment of undisclosed amount.
Investors include Energy Technology Ventures (a GE, NRG Energy and ConocoPhillips joint venture), Pond Venture Partners, Plan B Ventures and Israel Cleantech Ventures.
The company intends to use the funds to continue to develop its technology into full-scale commercial implementation for municipal and industrial wastewater treatment by the end of 2011.
Founded in early 2008 by serial water technology entrepreneurs CEO Eytan Levy and Ronen Shechter, Emefcy uses naturally occurring bacteria in an electrogenic bioreactor to treat wastewater. The organic material in the waste produces power and treated water, and transform wastewater treatment from an energy- cost- and carbon-intensive process, into an energy- and carbon-reducing process. The initial applications are for wastewater treatment in the food, beverage, pharmaceutical and chemical industries.