A Canadian startup has built its first European plant to retrieve phosphorous — a key ingredient in fertilizer — from sewage and wastewater and turn it into fertilizer to grow more crops.
French environmental giant Veolia has named the first five startup partners in its “innovation acceleration” program, ranging from wastewater recovery and environmental management to green transportation and city network modeling.
The World Economic Forum has announced the winners of its Technology Pioneers contest, and for the first time, clean tech companies have won an equal number of spots alongside traditionally dominant IT companies. The list of green winners does include many that cross the boundaries of IT — take water infrastructure monitoring service provider TaKadu, networked lighting startup Digital Lumens, home energy efficiency specialist OPOWER, long-range smart grid wireless provider On-Ramp Wireless, and well-connected home energy management startup Tendril. But Thursday’s winners also included green cement manufacturer Novacem, vehicle engine efficiency booster Transonic Combustion, sewage-to-fertilizer waste recovery startup Ostara, and Nigerian renewable energy developer Quintas Renewable Energy Solutions, among others.
Water treatment startup Ostara Nutrient Recovery Systems has a secret weapon for greener grass — sewage. Yesterday, the Vancouver, B.C.-based startup said it has raised $10.5 million in private equity financing for its water treatment system that removes phosphorus and other nutrient pollutants from wastewater and turns them into fertilizer. The financing was led VantagePoint Venture Partners, which was joined by Foursome Investments Limited. The money will be used to install the system at commercial water treatment plants in North America, including the company’s first U.S. deployment near Portland, Ore., Ostara says. Read More about Ostara Raises $10.5M to Turn Wastewater into Fertilizer
[qi:076] The big boys may have opted to spend this summer lounging around at the beach, but the startups have apparently decided to seek out some retail therapy. Today, for example, social shopping service TheFind.com said it will buy women’s fashion shopping site Glimpse.com for an undisclosed amount of money. My bet is that TheFind is bulking up to compete with rivals such as Kaboodle, which now has the backing of magazine giant Hearst Corp.