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US water technology firm Gradiant has developed tech that eliminates waste from contaminated water while halving costs and increasing energy efficiency, CNBC reports. The startup’s tech could help offer a clean slate to the global wastewater treatment market which is expected to exceed USD 500 bn in value by the end of the decade, CNBC reports, citing Statista estimates.
The method is simple: Gradient’s method involves heating wastewater until it turns into vapor and leaves the contaminants behind. Gradient says this method helps recover 99% of water as opposed to the standard 50-60%, helping save up 1.7 bn gallons of water daily.
Addressing a big problem: Some of the world’s key industries, including pharma, food and beverage, textiles, mining, renewables and others consume most of the world’s water. This has made the search for methods to recycle water cheaply necessary as water insecurity becomes a widespread problem. Other companies like Xylem and Veolia are also working on a technology similar to Gradiant that could be less energy intensive than traditional wastewater treatment methods.
Big players are backing: Some of Gradient’s clients include leading industry players, including Coca-Cola, BMW, UAE’s Adnoc, Pfizer and others with the startup boasting over USD 500 mn in new orders in 1H 2024. It has managed to raise USD 225 mn in VC funding to date.
Gradient is eyeing our neck of the woods: Gradiant acquired Dubai-based water treatment firm Advanced Watertek last year as it looks to roll-out its tech to clients in the region. It aims to set up a center of manufacturing excellence at Advanced Watertek’s 18k square foot Dubai facility to boost its manufacturing capabilities and strengthen its regional market presence.
