NanoH2O secures $15M for desalination
It’s a testament to how much traction the once dormant water sector has gained that desalination, not long ago considered a risky, prohibitively expensive technology, is getting second looks from some high-profile investors. NanoH2O, a Los Angeles, Calif.-based developer of reverse-osmosis membranes, is the latest beneficiary of this trend, announcing earlier this week that it had raised $15.05 million in second round funding from Oak Investment Partners and Khosla Ventures.
The company, which was spun off… Continue Reading
Energy Recovery files IPO for desalination
Energy Recovery, a San Leandro, Calif.-based firm which develops water desalination devices, has filed plans to list its shares on the NASDAQ under the ticker symbol “ERII.” The company expects its 14 million shares — 8.1 million of which will be offered by the firm itself, with the remaining 5.9 million to be sold by a stockholder group — to fetch between $7 and $9 apiece.
Its lead underwriters are Citigroup, Global Markets and Credit Suisse… Continue Reading