Company recognized for technology that converts wastewater into economic opportunity
New Sky Energy has announced it was selected as the winner of the Wastewater Prize by Imagine H2O, a San Francisco-based, international nonprofit organization that helps entrepreneurs turn water challenges into business opportunities.
"New Sky Energy is part of an emerging wave of new businesses that turn wastewater into an economic opportunity with ecological benefits," said Scott Bryan, COO of Imagine H2O. "As the winner of our Early Revenue Track, New Sky demonstrated an intriguing technology with commercial promise."
The winners were chosen from a competitive selection of finalists by Imagine H2O''s judging panel, a group of leading experts and investors in the water sector. Winners were selected based on their commercial viability and promise. This year''s prize attracted 50 startups led by serial entrepreneurs, experienced executives and campus engineering programs.
"It is a great honor to win the Imagine H2O Wastewater Prize and to receive this level of recognition from such a prestigious group of water industry experts," said Deane Little, New Sky''s CEO and founder.
New Sky technology converts industrial and agricultural wastewater and CO2 into high-value chemical products, including carbonates (e.g., soda ash, limestone), bases (e.g., caustic soda), and important industrial gases and acids, such as hydrogen and sulfuric acid. New Sky technology can be deployed at new plants or integrated into existing industrial and wastewater treatment facilities to produce highly valuable chemicals where they are needed.