Emefcy technology uses bacteria that can produce electricity from wastewater, such as this lagoon. Photo courtesy of Emefcy
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
Author: Lisa Damast
Lisa Damast is an online marketing consultant by day and blogger of Israel technology by night. Her blog, Israel Innovation 2.0, provides news and analysis of Israeli technology companies in the enterprise software, Web 2.0 and cleantech sectors. Lisa is also a co-organizer of the Jerusalem Business Networking Forum (JBNF). JBNF helps facilitate online and offline networking among business professionals in Jerusalem, including in the cleantech industry. Lisa made aliyah in August 2007 after receiving a degree in Communication Studies from Boston University in May 2007. Lisa can be reached at lisa (at) greenprophet (dot) com.
