NanoH2O named a Global Cleantech 100 Clean Technology Company (Press Release) - September 9, 2009
Recognized by the Guardian and Cleantech Group for potential and likelihood to achieve high growth and high market impact
Los Angeles, California – September 9, 2009: NanoH2O, a leading membrane provider leveraging nanotechnology for next generation desalination, today announced it has been named a Global Cleantech 100 company by Guardian News and Media and Cleantech Group™, LLC, providers of leading research, events and advisory services for the cleantech ecosystem.
The Global Cleantech 100 is the first ever list highlighting the most promising private clean technology companies around the world. Supported by the Carbon Trust, the Global Cleantech 100 recognises companies at the forefront of cleantech innovation offering solutions to some of the world’s most pressing environmental challenges.
The final list represents the collective opinion of hundreds of leading experts from cleantech innovation and venture capital companies in EMEA, North America, India and China, combined with the specific input of an expert panel of 35, drawn from well-respected organisations such as Altira Group, Crossover Advisors, Deloitte, Emerald Technology Ventures, Google, Kleiner Perkins Caulfield & Byers, New York Stock Exchange, NGEN Partners, Nth Power, New Enterprise Associates, Sterling Communications, Tsing Capital and Vantage Point Venture Partners.
The panel’s views were combined with insights from the Cleantech Network™, the de facto industry association of international clean technology investors, entrepreneurs, large corporations and other industry insiders. Some 3,500 companies were nominated/considered.
“The first ever Global Cleantech 100 shines a spotlight on which companies and which technology areas the global innovation community is most excited about from a commercial standpoint,” said Richard Youngman, managing partner at Cleantech Group.
“We are honoured to be recognized for this award. It is validation of our continued efforts to combat water scarcity through advanced membrane materials that deliver cost-competitive desalination and water reuse”, said Jeff Green, Founder and Chief Executive Officer. “Our initial seawater reverse osmosis product is targeted to be available in the first half of 2010 and will provide significant productivity gains to users that translate into either energy savings or increased water production.”
NanoH2O will be honoured today at Cleantech Forum XXIII in Boston, 8-10 September 2009 and will be celebrated at Cleantech Forum XXIV in Delhi, 15-16 October 2009 and at the Guardian’s UK Cleantech Summit in London on 23 November 2009.
NanoH2O received the award for advancing desalination by combining proven polymer technology with novel nanomaterials to enhance current Reverse Osmosis (RO) membranes. These nanocomposite RO membranes represent a step-change in productivity through improved permeability or flux while maintaining requisite salt and contaminant rejection. By leveraging existing membrane synthesis techniques, NanoH2O’s advanced Thin-film Nanocomposite (TFN) membrane technology can be commercially fabricated with similar processes and equipment used in manufacturing existing RO membranes and fits within the industry-standard spiral-wound element module design without alteration.
About the Cleantech Group, LLC
The Cleantech Group pioneered the clean technology investment category in 2002. Today, it accelerates the development and market adoption of clean technologies globally. The company’s worldwide network of investors, entrepreneurs, enterprises, service providers and others—representing trillions of dollars in assets—receives access to capital, investment deal flow, networking, market leading research and data, sales leads and promotional opportunities. The Cleantech Group also provides advisory services for large corporations and governments, publishes leading cleantech sector industry news coverage and produces the premier Cleantech Forum® events worldwide. Details are available at http://www.cleantech.com.
About the Guardian
The Guardian is a unique voice with an international reach delivering progressive journalism to a global audience. The Guardian's vision is to be the leader on sustainability within the media industry and to be environmentally regenerative in their activities. Through their editorial coverage and business activities, they demonstrate to readers, staff, advertisers, suppliers and their communities that GNM (Guardian News and Media) is committed to enhancing society's ability to build a sustainable future.
About NanoH2O
Founded in 2005 by proven entrepreneurs, engineers and scientists, and backed by leading venture investors, NanoH2O (www.nanoh2o.com) leverages the benefits of nanotechnology to create advanced membranes for desalination and water reuse. With freshwater scarcity an increasing worldwide issue, desalination of fresh, brackish and seawater sources is vital for a growing population. Despite recent advances, desalination is energy intensive and remains an expensive source of freshwater. NanoH2O’s next generation energy-efficient membranes dramatically improve the baseline economics of desalination and water reuse, allowing broader industrial and municipal use.