Philadelphia-based Meidlinger Partners and Conshohocken's Enertech Capital are among those who have invested heavily in water management products, which have raised more than $400 million in equity and debt over the past five years, reports Environmental Leader.
Altela, a US company that uses a highly efficient thermal distillation technology to desalinate and decontaminate wastewater, has raised $10 million to date. Enertech has invested in the company, and it is backed by Yates Petroleum and Merrion Oil and Gas. Altela is focused on fracking operations and has projects underway in the Marcellus Shale. Its technology meets new regulations for clean water discharge and has been validated by the Pennsylvania Department of Environmental Protection and the US Department of Energy.
Original source: Environmental Leader
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