New Sky Energy Wins Prestigious Imagine H2O Wastewater Prize
BOULDER, Colo., March 29, 2012 /PRNewswire/ — New Sky Energy, the leading innovator for clean chemistry solutions for wastewater and industrial applications, today announced it was selected as the winner of the Wastewater Prize by Imagine H2O, a San Francisco-based, international nonprofit organization that supports entrepreneurs to 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. Highlighting that business plan innovation is critical to the long-term success of water startups, the 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 makes clean technology profitable by converting wastewater and CO2 into highly valuable chemicals, and the judges recognized the importance of our breakthrough work. The cash and services awarded by Imagine H2O will help New Sky accelerate its product development and transfer its technology into the hands of industrial and water treatment customers.”
New Sky Energy works with some of the largest and the most innovative energy, manufacturing and water treatment companies in the world to profitably reduce wastewater and CO2 emissions. 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 – eliminating expensive shipping and handling of chemicals. New Sky chemicals are less expensive than most conventional chemicals they replace, and allow customers to gain control over their supply chains, while cleaning up their industrial wastes and CO2 emissions.
“This year’s Imagine H2O prize finalists represent an impressive and encouraging pool of interesting ideas from around the world. These early-stage companies view wastewater not as waste but as a resource to be economically mined for value such as upgraded water, energy, or products,” says Steven Kloos, Partner at True North Venture Partners and Imagine H2O judge. “Imagine H2O is an enabling innovation platform and I look forward to monitoring the progress of these companies.”
About Imagine H2O
Imagine H2O inspires and empowers people to solve water challenges and turn them into opportunities. We offer annual prize competitions for water innovation, including the 2009 Water Efficiency Prize, 2010 Water-Energy Nexus Prize and 2011 Wastewater Prize. In addition to cash prizes for the best ideas, Imagine H2O fosters an accelerator program to help competing entrepreneurs turn their plans into game-changing, real-world solutions. To learn more about Imagine H2O’s global ecosystem for water innovation and connect with water innovators from around the world, please visit www.imagineh2o.org.
About New Sky Energy
Based in Boulder, Colo., New Sky Energy makes clean technology profitable. New Sky is pioneering the use of CO2-negative manufacturing technology to produce highly valuable chemical resources from industrial wastewater. Its processes couple electrochemical and chemical technologies in a proprietary cycle that enables bottom-line cost savings through the onsite production of needed chemicals that are derived out of the wastes on-hand, including CO2 from flue gas and salts from industrial wastewater. New Sky’s process is simple, sustainable chemistry, protected by nine U.S. and international patent applications. New Sky recently was awarded the Imagine H2O Prize and was the Rocky Mountain Region winner of the 2009 Cleantech Open award. To learn more about how New Sky’s clean chemistries will revolutionize 21st Century manufacturing and water treatment, please visit www.newskyenergy.com.
Phone: (303) 581-7760
SOURCE New Sky Energy