Globes is reporting that Israeli sewage technology company Emefcy has raised $5 million for a commercial pilot. Founded in 2007 Eytan Levy and Ronen Shechter, Emefcy‘s main product, the MEGAWATTER system aids the management of wastewater by reducing energy consumption by applying microbial fuel cells. The cells feed on the wastewater and can produce electricity or hydrogen.
According to Levy,
“The capital raised will help us set up a commercial pilot. We’ve already established laboratory pilots on increasingly larger scales. Progress to a commercial pilot is based on the successful results of the laboratory pilots.”
After this round of investments from Pond Venture Partners, Israel Cleantech Ventures and Plan B Ventures, Emefcy is now valued at $10 million and estimates its target market at $100 billion a year.
In 2009 The Artemis Project, a water consultancy firm, listed Emefcy number four in its Top 50 Water Companies Competition. Other Israeli companies on the list included AquaPure, CheckLight, ProWell Leisco CleanTech and BioPetroClean.
Prior to founding Emefcy, Levy and Shechter co-founded AqWise, also a wastewater management company in Israel.
More articles on Israeli water technology companies:
Emefcy’s An Electrifying Solution for Wastewater Treatment
Israel’s Emefcy and AquaPure Make it into Artemis Top 50 Water Companies
Checklight: Mighty Microbes Glow to Keep Water Safe