Israeli efficient wastewater treatment innovator Emefcy was one of only ten companies selected to be “2012 New Energy Pioneers” at the fifth annual Bloomberg New Energy Finance Summit in New York City. According to the Bloomberg Press release, the Bloomberg New Energy Finance Pioneers program identifies companies from around the world that are changing the energy landscape forever. An independent panel of industry experts from banking, academia, corporations, utilities and technology providers chose the honorees by assessing them against three criteria: potential scale, innovation and momentum.
By rewarding game-changing innovators, Bloomberg New Energy Finance hopes to highlight the speed of change in the sectors it serves, which play such an important role in the shift towards a low-carbon economy.
“It has been a tough year for the clean energy sector, with severe pressure on the profit margins of manufacturers, a sharp fall in share prices, some notable bankruptcies, cuts in European government subsidy support, and a reduction in the availability of bank finance,” said Michael Liebreich, Summit Chairman and Head of Bloomberg New Energy Finance, as reported by Bloomberg. “Despite this, the quality and volume of applicants we received for the 2012 Pioneers program was higher than ever – a testimony to the strength of the forces driving the sector and to the sort of high-quality entrepreneurs which it has been attracting over the past few years. We congratulate this year’s winners and look forward to tracking their progress.”
Emefcy ’s solution uses electrogenic bacteria to produce electricity directly from wastewater at the same time as treating it. This isn’t the first time Emefcy receives international honors. The Company appeared twice in a row in the list of the 100 most promising Cleantech companies in the world of the Cleantech Group, the leading Cleantech research firm in the world.
According to an article in the Times of Israel, Emefcy isn’t the only Israeli start-up using water to generate power and be recognized for it. Hydrospin has designed a device that acts like a miniature hydroelectric power station inside a water pipe. The device generates electricity based on the flow of water through the pipes, and the energy generated is used to supply power to components of “smart water” systems, such as monitors, probes, and GPRS devices.
Last year, Hydrospin was chosen by Israel’s Calcalist business daily for its list of the five most promising cleantech companies in Israel. And, it was recently chosen as one of the 45 most important Israeli inventions of all time by the Bloomfield Science Museum.