MOORPARK, Calif., July 9, 2024
/PRNewswire/ -- Active Membranes, developer of revolutionary,
award-winning electrically-conducting membranes used in
desalination, has closed its initial round of Seed Funding to
further develop its game-changing desalination technology. This
investment will facilitate Active's further corporate growth,
technology scale-up, and commercialization, as well as the
execution of several extended field pilot tests, all of which are
co-funded by various US federal and state government agencies.
Active Membranes closes its initial round
of Seed Funding to further develop its game-changing desalination
technology.
The funding round includes investments from Natural
Ventures, Echo River Capital, and Pacifica Water Solutions, one of
Active Membranes' co-founders.
"Active Membranes is innovating the future of fresh water by
redefining the technology used in reverse osmosis membrane
desalination for both seawater and brackish water applications,"
said Arian Edalat, Co-founder and
CEO. "This round of funding enables us to further refine our
revolutionary technology and accelerate its commercialization. We
greatly appreciate the confidence that our investors have placed in
us and also recognize that their experience brings a significant
value to our company that goes far beyond the infusion of capital,"
he added.
"Natural Ventures is thrilled to announce its investment in
Active Membranes, a pioneering company in the field of desalination
technology. As the global demand for fresh water continues to rise,
especially in regions heavily reliant on desalination, the need to
reduce both the economic and environmental costs of this vital
process becomes increasingly urgent. Active Membranes takes a novel
approach to desalination, augmenting membrane technology with
unique characteristics that allow for efficient scaling. This
investment underscores Natural Ventures' commitment to supporting
innovative solutions that address critical challenges in water
resource management and sustainability. We look forward to
contributing to Active Membranes' journey and witnessing its impact
on the global water crisis," stated Dr. Benjamin Tam, Operating Partner, Natural
Ventures.
"Active Membranes will be a leader in advancing desalination
through its innovative smart membranes. Active's unique
electrically conducting coating will reduce the costs of water
desalination among the existing installed base of reverse osmosis
plants around the world," said Peter
Yolles, Managing Partner of Echo River Capital. "This will
fulfill Echo River's mission of
innovating decentralized water treatment and satisfy
our contribution towards SDG 6 – fresh drinking water for all," he
added.
Active Membranes brings a new and entirely different approach to
desalination membrane technology. Its membranes utilize the
company's patented technology that incorporates tunable electrical
potential into a spiral wound desalination membrane module to make
it actively resistant to scaling and fouling during the
desalination process.
With their anti-scaling, anti-fouling properties, these
membranes require minimal pre-treatment and minimal usage of
chemicals and consumables. They also operate at a higher recovery
rate and significantly simplify operation. This results in a much
lower footprint, lower capital costs, and reduced operating costs.
In so doing, Active Membranes transforms desalination into a
technology of choice rather than a technology of last resort.
Active membranes also offer another benefit.
"Not only can our membranes be used in large scale desalination
projects and in commercial plants; they can also be used in
point-of-use/point-of-entry systems in the household or office to
produce clean potable water," said Edalat.
Based in California, Active
Membranes has received numerous awards including the prestigious
Technology Idol Award, the Global Prize for Innovation in
Desalination hosted by the Kingdom of
Saudi Arabia, and the More Water Less Concentrate Prize
presented by the US Bureau of Reclamation, and is a finalist for
the 2024 Earthshot Prize.
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SOURCE Active Membranes