'Emefcy utilizes the energetic potential of organi.
(photo credit: Image courtesy of Emefcy)
A joint venture between three US energy giants is making its first non-American
and first water-related investment by providing funds to Caesarea-based Emefcy
Ltd., which works on using wastewater to generate electricity, the firms
announced together on Wednesday.
The group of financiers are collectively
called Energy Technology Ventures, comprised of General Electric, NRG Energy and
ConocoPhillips, focuses on “the development of next-generation energy
technologies,” and looks for innovation particularly in the US, Europe and
Israel, according to a statement.
Founded by water technology
entrepreneurs Eytan Levy and Ronen Shechter in 2008, Emefcy Bio-Energy Systems
has created a technology that employs naturally occurring bacteria in an
“electrogenic bioreactor” that treats wastewater and uses the waste to produce
electrical power in the process, the company said. Currently, conventional
wastewater treatment expends 2 percent of global power capacity and costs the
world approximately $40 billion a year. Emefcy’s technology has the capacity to
actually raise $10b. annually, a statement from the firm reported.
will use Energy Technology Ventures’ investment to continue development of our
technology into full-scale commercial implementation by the end of this year for
municipal and industrial wastewater treatment,” said Levy, Emefcy’s CEO, in the
“All told, wastewater treatment is a $100b. industry, and our
technology can significantly reduce the economic and environmental
While Emefcy could not reveal the exact amount of money that the
company received from the American investor group, VP of Marketing Ely Cohen
told The Jerusalem Post on Wednesday afternoon that although “it’s not overly
significant... it may develop.
The significant point is that Energy
Technology Ventures chose its first investment in water overseas to be Israel,”
The company is about to start its pilot phase, and is
installing its technology this week in the Maayan Zvi wastewater treatment
facility near Zichron Yaakov, where wastewater will also be imported from a
number of factories in the area, according to Cohen. Meanwhile, he added, Emefcy
has also signed an agreement with a plant in the state of Michigan, where it
hopes to deploy the technology within a few months.
“We hope to begin
sales at the beginning of 2012,” Cohen said. “That’s another sign of the level
of confidence – that they’re investing in something not even in operation yet.”