Published On: Sun, May 12th, 2013

Sewage treatment co Mapal Green Energy raises £1.5 million

Maple Green has  also signed its first UK deal with Anglian Water Services,  which provides water and sewage treatment services to four million customers in eastern UK.

MAPAL

 

Mapal Green Energy Ltd., Sewage treatment technology developer, has raised £1.5 million (NIS 8.3 million) in its second financing round from British private equities fund Charles Street Securities Europe LLP. Which invested NIS 9 million in the company’s first financing round in November 2010, and has set up an office in London.

The company also signed its first contract in the UK, with Anglian Water Services Ltd., which provides water and sewage treatment services to four million customers in eastern UK.

Mapal will initially install its technology at the Stanbridgeford municipal sewage treatment plant, north of London, and will initially upgrade 400 of the plant’s 1, 100 sewage treatment units.

 

Mapal Green Energy’s technology can save up to 70% in energy consumption and up to 80% in operations and maintenance costs of municipal and industrial wastewater treatment plants. The technology also reduces pollution by eliminating the need to dump raw sewage into water sources during repairs of treatment facilities.

 

Mapal Green Energy founded in 2007 by Hanoch Magen with CEO Zeev Fisher. It began commercial operations the following year. Its technology is currently installed in over 30 sewage treatment plants in Israel , the UK, and it is in advanced talks with authorities in South Africa, India, and Peru.

 

Mapal Green Energy is operating in the UK under the Foreign Office’s TouchDown program, which helps foreign companies launch operations in the country. The company has also been aided by the UK-Israel Tech Hub program which operates out of the British Embassy in Tel Aviv.

 

Fisher said, “Energy conservation is a critical factor in sewage treatment costs, because of the pressure to reduce their energy consumption and emissions of greenhouse gases. Mapal’s solution meets this demand.”

The company says that the operating costs global sewage treatment market will grow 20% from $77.5 billion in 2007 to $95.1 billion in 2016. Global investment in sewage treatment will nearly double from $26.7 billion in 2007 to $52.2 billion in 2016.

 

Mapal’s internationally patented CNM units comprise a unique fine bubble floating aeration system designed to replace mechanical surface aerators.

Read more about: , , , , , ,

Wordpress site Developed by Fixing WordPress Problems