NanoH2O secures $ 15 million investment
NanoH2O Inc, developer of new-generation reverse-osmosis membranes for desalination and water reuse, announced in early September 2008 that it has secured $ 15 million in funding from Oak Investment Partners and Khosla Ventures.The funding will be devoted to commercialising the company's Thin Film Nanocomposite (TFN) seawater reverse-osmosis (SWRO) membrane and expanding its research and development activities.
In addition, Brian Hinman, Venture Partner at Oak Investment Partners, has joined NanoH2O's Board of Directors.
"Oak Investment Partners recognizes the value of making desalinated water cost-effective," said Hinman. "In surveying water-related technology developments, NanoH2O is strongly positioned to make a significant and near-term impact for existing desalination facilities and for making desalination an affordable source of water in many more locations around the world."
NanoH2O's TFN technology (see D&WR August/September 2008, p54) is said to significantly decrease the required energy or increase the productivity of the desalination process.