Diana Olick of CNBC reports on a water treatment startup.
- Gradiant, a water treatment startup founded in 2013, has become a unicorn and raised $228 million in venture capital funding to date.
- The company’s technology mimics nature’s rain cycle to recycle industrial wastewater, claiming to recover 99% of water while cutting traditional costs in half.
- Gradiant has secured contracts with major companies like Coca-Cola and Pfizer, and closed over $500 million in new orders in the first half of 2024, attracting significant investor interest.
“Gradiant’s technology mimics how nature creates rain. Wastewater is heated and pumped into a humidifier and mixed with ambient air. As the two interact, they are heated into vapor, leaving the contaminants behind. Using a proprietary technology, the vapor is transferred to a column with cool clean water. When the two mix, the air cools and drops fresh water, like rain falls from a cloud. The process, according to Gradiant, cuts traditional costs in half.”
Read the full article here.
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