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Oasys raises $10m for desalination

Posted by: Maven on February 14, 2009 at 5:41 am

From Boston.com:

A Cambridge company developing an economical way to convert saltwater into drinking water said it has finalized $10 million in venture capital funding.

Oasys Water Inc. says it hopes to market a process that reduces by 90 percent the amount of energy needed to convert saltwater, compared with current methods that use reverse osmosis – the filtration of water through a membrane.

The Oasys technique was initially developed by Yale University researchers.

“The major reason why this matters is we’re running out of water re sources,” said Aaron Mandell, cofounder and chief executive of Oasys, as well as managing partner at GreatPoint Ventures, a Cambridge venture capital firm. “If you look at California – they’re already losing jobs, and people are moving away, because there’s isn’t enough water in places like San Diego.”

Read more from Boston.com by clicking here.

February 14, 2009 · Filed Under Desalination

Comments

One Response to “Oasys raises $10m for desalination”

  1. Wes on February 14th, 2009 8:45 am

    There are some who would try to block every desalinization effort. Bad mistake. We need to find the best technologies and put them to proper use. I would also look to NanoH2O for product solutions to this problem as they also have technology to reduce the cost.

    Old assumptions about cost and ecological damage no longer hold and this is one area where technology can truly come to our rescue. Unfortunately, right now, the major efforts in California, such as Poseidon in Huntington Beach are no where near the level that they need to be.

    We have to stop looking at such plants as stand alone operations and make them part of integrated processes to provide the most benefits in a way that is ecologically sound.

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