Technology to turn wastewater – from city sludge ponds or food processing plants – into electricity has long been attractive to investors. Now an investor consortium that includes GE, NRG Energy and ConocoPhillips (called Energy Technology Ventures) is making its first such bet in water, by funding Israeli technology developer Emefcy, the companies said Tuesday.
Emefcy, which is using naturally occurring bacteria to treat wastewater and produce electricity, is getting an undisclosed amount from Energy Technology Ventures as well as Pond Venture Partners, Plan B Ventures and Israel Cleantech Ventures.
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