Water-energy purchase agreement eliminates upfront costs for onsite clean water and energy

Cambrian Innovation (Boston), provider of biotechnology solutions for industrial partners, has launched a financing vehicle for distributed clean water and energy solutions backed by a $30 million fund. Under the new financing mechanism, called a water-energy purchase agreement (WEPA), growing industrial businesses will be able to have onsite wastewater treatment and clean energy generation by paying a monthly fee based on usage. Cambrian Innovation makes EcoVolt  modules that extract clean energy and water from wastewater using advanced biotechnology. Containerized EcoVolt products are installed onsite at food and beverage companies, fitting into and scaling with business operations. Through the WEPA, Cambrian will finance, install and operate EcoVolt systems on the customer’s behalf, and sell back clean energy and clean water on a take-or-pay model.