Archive for November, 2014
Resolute Marine recently became a member of the European Innovation Partnership on Water (EIP-Water). The EIP-Water is an initiative within the EU 2020 Innovation Union that facilitates the development of innovative solutions to address major European and global water challenges and supports the creation of market opportunities for these innovations, both inside and outside of Europe.
In particular, Resolute Marine, will participate in the EIP-Water Action Group “Renewable Energy Desalination” which promotes the use of desalination powered by renewable energy, as an environmentally friendly and decentralised solution for sustainable water supply.
“Considering its purpose on the market introduction of innovative technology and in particular the very strong priority given to RE driven desalination technology, joining the EIP-Water is an excellent fit with both our business strategy and our increasing footprint in Europe” said Olivier Ceberio, Resolute Marine COO, “We are very excited about this opportunity to network with European stakeholders in the water industry and are looking forward to establishing stronger ties in Europe”
“We are very happy to welcome Resolute Marine among our ranks” said Guillermo Zaragoza, leader of the Action Group on Renewable Energy Desalination, “Resolute Marine’s strong business focus and its proximity to commercialization of RE-driven desalination solutions, will contribute to the emergence of an innovative industry with great potential for job creation, an opportunity that Europe cannot miss.”
Euthenia Capital, a New York based angel group focused on social and environmental impact investments, has participated in RME’s $2.5 million Convertible Note round. RME CEO said; “We are pleased that Euthenia has recognized the value of what we are doing and the potential positive impact we can have on the health and welfare of millions of people who suffer from the ill effects of water scarcity.”
Eugene Lee of Euthenia Capital added; "RME's social impact surpasses most impact investments in focusing its considerable technological and intellectual capital on the water shortages faced by poorer residents in developing countries. Bill and Olivier have honed RME’s technology and scalable business model through years of testing, development, and building corporate and governmental partnerships. We are proud to join the ranks of RME's supporters that include the US Department of Energy in helping RME supply clean water and local jobs in areas of great need."