February 29, 2024

Brad Marolf

Business & Finance Wonders

Slater’ organization receives $6.5M to develop water-cleaning technological innovation

The founders of Gross-Wen Technologies, Martin Gross (left) and Zhiyou Wen look at water samples. Gross-Wen developed a method for using algae to help municipalities and industrial clients sustainably treat water.

The h2o-cleansing technology formulated by a Slater-dependent enterprise has attracted the focus of a team of Iowa investors, who’ve poured $6.5 million into Gross-Wen Systems.

Gross-Wen’s main draw is a patented course of action that works by using algae to clean up wastewater.

ISA Ventures and Iowa Farm Bureau’s Rural Vitality Fund led the expenditure in Gross-Wen, along with a half-dozen other enterprise capital entities.

Eric Engelmann, a standard associate at ISA Ventures, stated the team is very pleased to devote in a “groundbreaking business and its know-how, led by an extraordinary crew, to speed up Gross-Wen Technologies’ development in Iowa.”

He said increasing sizeable bucks for a firm that is hitting its stride with the right technology at the appropriate time is “big news for Iowa and for central Iowa’s startup ecosystem.”

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The traders believe that the timing is correct, in element, because a lot of municipalities and businesses are searching for less pricey, effective options to satisfy stricter federal and point out water quality needs.

The city of Slater uses Gross-Wen Technologies' innovation to treat wastewater.

Gross-Wen utilizes a process it phone calls revolving algal biofilm to price tag-proficiently satisfy new wastewater discharge permits.

The RAB process takes advantage of algae to recuperate nutrients these kinds of as nitrogen and phosphorus from wastewater in a much more inexpensive manner than traditional methods. The algae consume carbon dioxide and crank out oxygen, equally of which are balanced processes to fight local weather change.

The harvested algae are then turned into pellets that are abundant in nitrogen and phosphorus and can be made use of as fertilizer or bioplastics.