World Water Works Invests in Algae-Based Technology
A new partnership between World Water Works and Aquanos Energy, Ltd. will promote innovative algae-based technology for wastewater purification and renewable energy production.
World Water Works, Inc. has recently invested in Aquanos Energy, Ltd, a company that designed a patent-pending algae-based wastewater treatment process for wastewater purification and renewable energy production.
Aquanos’ technology captures the symbiotic relationship between bacteria and algae. Bacteria supplies carbon dioxide to the algae, algae provides oxygen to the bacteria, and both remove impurities from wastewater. This natural process reduces a wastewater treatment system’s operational costs by 40-60 percent and significantly reduces capital expenditures.
WWW’s goal is to deliver lower cost wastewater treatment while producing high grade sellable products from this process.
I see this technology as a significant disruptor in the wastewater industry, and we are very excited about this partnership,” said World Water Works President & CEO Mark Fosshage. “Our core technology will help complement their process to take the technology to the next level by producing sellable products. Our vision is to capture valuable resources from wastewater, and this partnership is one way World Water Works will deliver on that goal.”
“World Water Work is a perfect complement to Aquanos, sharing values and a vision that sees algae as a promising pathway for renewable energy production,” explained Udi Leshem, CEO and co-founder of Aquanos. “In addition, World Water Works’ global presence and strategic sales and marketing initiatives will help advance the growth and expansion of the company.”