First published in AIM Investor: the Water sector on AIM: Cleantech magazine, Volume 6 Issue 6 - December 2012
Modern Water has a portfolio of water technology investments. It has invested in Forward Osmosis (FO) desalination technology, developed at the University of Surrey to convert seawater into drinking water, using less energy than other forms of desalination and fewer hazardous chemicals. Plants are already operating in Oman and Gibraltar. The technology can also be used for evaporative cooling systems, and a deal has been struck with Kuwait-based Kazema for air conditioning.Modern Water has also developed Hydro Osmotic Power (HOP) technology, which generates renewable energy by “exploiting the difference in salinity between two different water sources and inducing water to flow via a semi-permeable membrane from the lower salinity water to the higher salinity water”.
Further technology based on Manipulated Osmosis can prepare water for re-injection purposes in the oil industry. And Modern Water designs and develops instruments and monitoring technologies for measuring toxicity and trace metals. AguaCure removes dissolved contaminants from water without chemicals. Its subsidiary, Poseidon Water Ltd, has a wastewater treatment system based on seawater substitution.
Water Sector Stock Performances 2012
|Company ||Mkt Cap (£m) ||Share Price end Dec 2011||Share Price (12 Dec 2012)||% change 2012 |
|Wasabi Energy Ltd||36.85||1.6||1.225||-23.4|
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