Water Is the Next Oil
Posted by keelynet on April 22, 2008
And what are we doing to prepare for this next disaster?
“Biofuels are enormous consumers of water, says Jim Matheson, a general partner at Flagship Ventures, a venture capital firm in Cambridge, MA. And water is not always abundant where it’s most needed. “So, increasingly you’re going to see water as a scarce resource. I think it’s going to drive not just economics but also a lot of geopolitical dynamics. So, we’re trying to find technologies that can allow us to plug into this enormous value chain.” He’s interested, for example, in membranes and other water-treatment technologies that will allow biofuel-makers and others to reuse water. But he says there’s a big challenge to making these new technologies successful. There has to be a way to scale them up to bring down costs. “The problem is that water is like the Internet. People love it and they use it all the time, but they don’t want to pay for it,” he says. “So the question is, how do you come up with a business model that actually works?” One option, he says, is to develop technologies that can both clean up wastewater and extract energy from the waste, effectively adding value to the water.” – Source










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