California’s First Commercial Solar Desalination Plant Offering Shares Through DPO

Derek Markham for CleanTechnica:  The company behind what will be California’s first commercial-scale solar desalination plant is issuing $10 million in preferred stock in the venture, through a state-registered direct public offering (DPO) in California.

WaterFX Hydro I, Inc., doing business as HydroRevolution℠, a California subsidiary of WaterFX™, is offering the shares to finance the construction of a fully solar-powered desalination plant in the Central Valley, which is expected to be able to produce up to 1.6 billion gallons (5000 acre-feet) of water per year, with virtually zero liquid discharge. The HydroRevolution℠ process is said to allow for a 90% recovery rate, with the remaining brine being treated further to isolate the salt and mineral byproducts for industrial applications.

Instead of desalinating seawater, as many desalination operations do, this plant will pull water from shallow irrigation water (also called subsurface drainage water) which is produced as a consequence of agriculture, and which has a high salinity content that can be detrimental to freshwater ecosystems. This new plant is a scaled up and expanded version of the company’s demonstration desalination plant.  Cont'd...

Full Press Release:

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Iron Edison Lithium Iron Battery

Iron Edison Lithium Iron Battery

The Iron Edison Lithium Iron solar battery is fully compatible with popular battery-based inverters and is housed inside a rugged steel enclosure with integrated Battery Management System. Standard capacities range from 2 kWh to 42 kWh, with custom high-capacity and high-voltage models available for commercial applications like peak load shaving and UPS. The battery is designed and assembled at the company's headquarters just outside of Denver, Colorado. The Iron Edison Lithium Iron battery is an ideal replacement for lead-acid battery, with longer cycle life, smaller footprint, and maintenance-free operation. Residential applications include solar battery backup, grid-zero and off-grid energy storage. Commercial applications include high voltage battery backup, off-grid telecommunications power and peak load shaving. If you have any questions, please call us at 720-432-6433. We are happy to help!