OriginClear Inc, which helps the world invest in clean water, announced that it recently agreed in principle to work with Envirogen Technologies, a 30-year international provider of environmental technology and process solutions, to deliver OriginClear’s Water On Demand™ fully-outsourced industrial and agriculture systems.
Described as Water Like An Oil Well™, Water On Demand enables accredited investors to earn royalties from water treatment as a managed service, potentially eliminating all up-front capital for businesses needing to clean their water. Recently, OriginClear announced that the program had reached its first $1 million milestone in dedicated capital as the beginning of a private placement totaling as much as $300 million.
“We are able to offer long-term, guaranteed, pay-for-performance contracts that produce the lowest total cost over the lifetime of an installation,” said J. Higgins, Envirogen Technologies CEO. “That’s why we’re delighted to put this capability to work on Water On Demand-financed projects.”
OriginClear CEO Riggs Eckelberry agreed: “America’s water infrastructure is falling apart and as a result, industries are being forced to treat their own wastewater. But they lack the expertise and the capital ─ and that’s where Water On Demand comes in."
“The question is,” continued Eckelberry, “How to scale up? That’s where Envirogen Technologies comes in. They have the expertise to operate and maintain these sites, so that we can focus on finance and asset management for our fully outsourced water systems throughout North America, and eventually the world.”
In closing, CEO Eckelberry stated, “By attracting private investment into water assets, we plan to create hundreds of sites paying continuously by the gallon and thereby develop the first real commodity market for water, in which each gallon of water is monetized.”
In addition to its Texas headquarters and its regional centers located in California, Nevada, Tennessee and New Jersey, Envirogen Technologies has service capabilities in the United Kingdom, the Netherlands, Germany, France and Italy through its parent company, Envirogen Group. While OriginClear may name additional partners for operations and maintenance, Envirogen’s footprint and capabilities could position it well to be a key strategic partner of Water On Demand.
OriginClear has identified types of customers who could most benefit from a service-based offering. These include Mobile Home Parks or MHPs; campgrounds & RV parks; new real estate developments that are being built beyond city sewage systems; small to midsize commercial operators of food & beverage manufacturing such as breweries; food processing; flavor and fragrance manufacturing; smaller labs & compounding facilities; and agriculture specialty industries such as egg protein producers, supplements, spices, and CBD oil production.