The Weekly Dive #19
Join us in NYC for the UN Water Conference! Our portfolio company 374Water has been hired by the US military to test their technology on military bases. Amazon starts testing carbon removal with seaweed farming between wind turbines. The EPA allocates $2.4B for the 2023 Clean Water State Revolving Fund. Loliware and Aquafortus respectively land $15.4M and $17M funding rounds. Our friend Will Sarni tells us in his latest article why CFOs should care more about water. There is still a lot we don't know about ice! NASA can now tracks algal bloom trends from space. This week, we are highlighting Jeanne Wang, one of HydroDAO's key advisors. Learn about her impressive background and why she is passionate about water.
Your weekly Bonus - Where will the future of agriculture take us? Underwater maybe.
This week's quote:
“I alone cannot change the world, but I can cast a stone across the waters to create many ripples.”
— Mother Theresa
Join Us in NYC for the UN Water Conference!
Meet Stuart and the Water Emissaries on March 22-24 in NYC at the UN Water Conference
We will also announce the launch of our youth leadership and education group WaterCorps during a side event at the Blue Gallery, 222 E 46th St., on Thursday, March 23rd between 4:00 pm and 7:00 pm. It will include a multi age panel discussing the importance of intergenerational collaboration and mentorship advocating for water and climate change initiatives. Let us know you can join us to send you a formal invite.
What's New with Our Portfolio Companies?
US military to test destroying toxic PFAS with superheated water
374Water's PFAS destruction system will be tested at two US Air Force bases and a Navy base.
What's New with Water Innovations?
Amazon tests carbon removal with seaweed farming between wind turbines
The world’s first commercial-scale seaweed farm is expected to produce at least 6,000kg of fresh seaweed in its first year.
Water treatment startup Elateq moving forward with PepsiCo contracting
Despite starting the business at the start of the COVID-19 pandemic, the company is now going gangbusters.
Tackling Water Sector Challenges By Accelerating Innovation
"All eight have gone on to win equity investment and some have even moved here to the North West of England."
California water district addressing meter performance with AI
Olea’s Meter Health Analytics (MHA) solution uses AI technology to provide previously unattainable insights.
What's New in the Industry?
EPA allocates $2.4B for 2023 Clean Water State Revolving Fund
Funding from the Bipartisan Infrastructure Law has boosted grant and loan funding through the nation’s 2023 CWSRF, which will support water, wastewater, and stormwater infrastructure improvements.
Loliware scores $15.4m to replace single-use plastics with seaweed
Loliware will use the funding to launch single-use plastic alternatives made from its novel seaweed resins.
Water technology company Aquafortus raises $17M in funding
Aquafortus purifies high-salinity brines and derives valuable metals and minerals from them in the process.
Water As A CFO Issue
"These other issues are viewed as critical to business continuity and growth yet, without water, most businesses are out of business."
What's New in the Science?
Let’s learn about the weird science of ice
Ice is such a familiar substance that you might think science has it all figured out. But researchers are still learning some pretty weird things about plain old frozen water.
Researchers uncover new water monitoring technique
Researchers have developed a technique to monitor one of the key processes of purifying water in real time.
NASA's Aqua: Algal bloom trends finally spotted thanks to space view
Previous research has struggled to accurately characterize bloom patterns.
This Mussel-Inspired Glue Might Be the Best Underwater Adhesive
Scientists have found a way to improve underwater adhesives by taking inspiration from mussels.
Jeanne looks back on her 15 years of private equity investment experience with enthusiasm. She was fortunate to work with companies in a wide range of industries from consumer products and services to B2B sectors such as online marketing and media.
As a financial consultant, she has enjoyed a closer connection with management and the impact she can have on solving problems and streamlining processes. She has found her “superpowers” in this role to be her positive can-do attitude when faced with complex business issues, her discipline and determination to establish focused goals to grow businesses and her hardworking “get it done” approach to executing on the plan.
She is passionate about a variety of social causes including supporting and mentoring women in business, climate change and financial equity and education. She look forward to finding my next role where I can blend my joy of investing and/or consulting with my desire to make a positive impact in the world.
We are excited to work together with Jeanne, blending your joy of investing and consulting with your desire to make a positive impact in the world and in water.
What's in the Future?
Will a Sustainable Future for Agriculture Take Us Underwater?
Nemo’s Garden is growing plants in underwater biospheres — a hydroponic, multi-beneficial ag solution that could provide coastal communities with fresh food and water, while promoting marine life.
